Concordia Retirement Plan       Email   Print


Benefits for workers enrolled in the Concordia Retirement Plan and Concordia Retirement Savings Plan will be changing effective July 1, 2014. The information here applies through June 30, 2014. To learn about the changes to benefits, click here.

The Concordia Retirement Plan (CRP) provides workers with income during retirement. Workers who are employed by an eligible LCMS employer that has adopted the CRP, and who are hired to work more than 20 hours a week and more than five consecutive months, are eligible for membership in the CRP. Any eligible dependents you have at the time you enroll as a member are also enrolled.

With five years of creditable service in the CRP, you may retire as early as age 55, at the normal retirement age of 65, or you may continue working past normal retirement age. Your age, service, and when you decide to begin your benefits all have a different impact on each component of the CRP.

We recommend workers who are considering retiring contact our office 90 days prior to their retirement. Click here for more information. For information on the taxability of your benefits click here.

If you terminate full-time LCMS employment prior to age 55, with at least five years of creditable service, you are eligible for Vested Terminated Worker benefits. You will receive written notification from us letting you know the value of your benefits and the distribution options available. This letter will be sent 120 days after the end of the month in which your employment terminated.

The CRP consists of two Options:

  • The Traditional Option
  • The Account Option

All employers that are enrolled in the CRP automatically provide the Traditional Option. As an alternative, the employer may also elect to provide benefits under the Account Option for workers in specific classifications.

The Traditional Option is comprised of the following benefits:

  • The Primary Retirement Benefit,
  • The Supplemental Retirement Account, and
  • The Retiree Medical Supplement (for workers of employers participating in The Church’s Plan benefit package).

The Account Option is comprised of the following benefits:

  • The Retirement Cash Account, and
  • The Retiree Medical Supplement (for workers of employers participating in The Church’s Plan benefit package).

A worker’s eligibility for benefits for each CRP component depends on

  • whether or not his/her employer participates in the CRP,
  • whether or not his/her employer offers the Traditional or the Traditional and Account Option(s);
  • whether or not the worker is enrolled in the CRP,
  • and in which Option he/she is enrolled.

The CRP also provides survivor benefits in the event of a members’ death before or after retirement.