LCMS Convention Proceedings St. Louis, Missouri — 1979, Page 126

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126 RESOLUTIONS

the needs of the applicant and the ability to repay.
The needs shall be viewed in the light of the most
promising and/or strategic mission fields. The Board
for Church Extension shall work in close cooperation
with the Board for Missions in this evaluation.

c. No loan shall be made without mutual agree-
ment on a repayment schedule. In the event of a
default on a payment, no further loan shall be made
to a defaulting borrower until the default has been
removed.

d. Interest shall be charged the borrower at a rate
determined by the board.

e. Loans must be made in accordance with policies
established by the board, and such policies shall be
conformed to by those to whom the loans are made.

f. Districts shall make financial reports available
to the board annually or whenever requested by the
board. They shall have these acounts audited by the
Synod’s Auditor or submit an audit acceptable to
him.

8.65 The District Church Extension Program

The District church extension boards or commit-
tees shall administer the District’s church extension
program in conformity with policies established by
the Synod’s Board for Church Extension and in
accordance with District regulations.

8.61 The District Church Extension Program

The District Church Extension boards or commit-
tees shall administer the District’s church extension
program in conformity with policies established by
the Synod’s Board for Church Extension and in
accordance with District regulations.

Action: Adopted (4).

To Assure Voluntary Nature
of District Participation
in Lutheran Church Extension Fund—
Missouri Synod

RESOLUTION 4-02
Overture 4-24 (CW, p. 144)

WHEREAS, The formation of the Lutheran Church
Extension Fund—Missouri Synod is necessary for the
Synod and some Districts of the Synod and commend-
able but not necessary for all Districts since the same
needs do not exist; and

WHEREAS, Numerous concerns regarding the fund
have surfaced, e.g., centralization, depersonalization of
loans, imbalance of representation between Districts
and the Synod, voting procedures, interest rates, and
the like; therefore be it

Resolved, That the Synod assure Districts that Dis-
trict entry into the Lutheran Church Extension Fund—
Missouri Synod shall be voluntary and only on the basis
of the decision of the individual District.

Action: Adopted (4).

(An amendment, eventually simplified to inserting “or
withdrawal” after “entry,” was declined. It was stated that
provisions for withdrawal by Districts are included in the
articles of incorporation of the fund.)

To Request Board of Managers
to Review Survivor Plan Benefits

RESOLUTION 4-03A
Overtures 4-40, 4-42A—C (CW, p. 148)
WHEREAS, The interrelationship of benefits provided

by all the Concordia Plans requires actuarial consid-
eration so that proper cost/benefit effectiveness results
in equitable treatment between the workers and the
employing organization; and

WHEREAS, It is not possible to arbitrarily change
back to former survivor benefits because of changes
made in the Concordia Retirement Plan at the same
time, changes made in the Social Security benefits and
enrollment provisions, and because of the interrelation-
ships of these programs and inequities that could result
between various workers; and

WHEREAS, There is no accurate information about
the number of LCMS workers who do not participate in
Social Security; and

WHEREAS, There is a concern that some survivors
may be left without adequate coverage because of a
worker’s decision to opt out of Social Security; therefore
be it

Resolved, That the Board of Managers as a part of
their present 15-Year Retirement and Survivor Benefit
Analysis review the potential of, and, if any possible
equitable arrangement can be devised, provide a plan of
additional survivor coverage for the workers not in
Social Security; and be it further

Resolved, That the Board of Managers, who pre-
sently do not have information in the files about
workers’ participation in Social Security, survey all
workers and secure accurate data about the numbers of
participants in the Concordia Plans not presently in
Social Security; and be it further

Resolved, That the Personal Statement of Benefits
be changed to separately show the amount of Social
Security benefits available to survivors of deceased