Official Handbook Source Text
Handbook page 141
Source: LCMS Handbook 2023, page 141.
This page reproduces text from the 2023 LCMS Handbook for study and navigation. Readers should verify procedural, legal, parliamentary, or governance questions against the official LCMS Handbook and appropriate LCMS authorities.
(d) The “Concordia Retirement Savings Plan ” is the tax -sheltered annuity retirement savings plan adopted by the Board of Directors in August 2003, effective October 1, 2005, as such plan has been heretofore or may hereafter be amended. The text of the plan, as amended from time to time, shall be published under the supervision of the Board of Trustees— Concordia Plans.
(e) The lists of ordained and commissioned ministers appearing on the official roster of the Synod shall be official lists for the purpose of the Board of Trustees— Concordia Plans.
(f) National inter-Lutheran entities will be eligible to be “employers” under the Concordia Plans of the Synod unless the policies of such a plan preclude such organization as an eligible employer.
3.7.1.2 Concordia Plan Services is also responsible for managing other ancillary
programs, including various supplemental insurance and administration services programs and the Support Program.
(a) The Support Program of the Synod is not a trust but rather a program of financial assistance to those eligible ordained and commissioned ministers and their eligible dependents who are in financial need. This aid is in the form of a gift from the budgeted funds of the Synod. Eligibility standards shall be determined by the Board of Directors— Concordia Plan Services.
(b) There exists and may be added in the future various ancillary supplemental insurance and administration services that will be made available to member organizations and their employees. These programs are not trusts and will be under the supervision of the Board of Directors— Concordia Plan Services.
3.7.1.3 The Board of Trustees of Concordia Plans and the Board of Directors of
Concordia Plan Services shall consist of 16 members. The 15 voting members shall be appointed by the Board of Directors of the Synod. All newly appointed members shall begin service on the September 1 following appointment, except with an appointment to fill a vacancy, when service shall begin on the first day of the month in which the next regular meeting of members occurs after appoin tment. The representative designated by the Board of Directors of the Synod shall be the nonvoting member. Voting members shall be appointed to three -year terms, which shall not exceed four terms in a successive period. The 15 voting members shall include:
1. Two ministers of religion— ordained
2. One minister of religion— commissioned
3. Twelve laypersons, at least five of whom shall be experienced in the design of employee benefit plans, at least five of whom shall be experienced in the management of benefit plan investments, and at least one of whom shall have significant financial/audit experience.
3.7.1.4 The Board of Trustees — Concordia Plans and the Board of Directors —
Concordia Plan Services shall have all general and incidental powers and duties appropriate for the performance of their functions. In addition, the Board of Trustees — Concordia Plans will have the powers and duties set forth in the respective plans, as amended from time to time. It may create or amend any plan within limits established by the Board of Directors of the Synod so long as such changes are reported to the Synod ’s Board of
