Why Make Changes Now?

For 2006, Concordia Plan Services is changing and updating the benefits we offer and the way we administer the Plans. The changes for 2006 are intended to:

• Better address the needs of LCMS employers, workers, and retirees by providing affordability and flexibility in a comprehensive package comparable to other church and marketplace plans.
• Ensure the financial viability and stability of the LCMS benefits in the future and their ability to attract, retain, and assist in the call process.
• Encourage employers to understand what it means to “walk together” through participation in The Church’s Plan.
• Allow workers to focus on the ministry—while remaining active participants in their benefits—by providing assurance that a comprehensive package of benefits is in place for them and their families.
• Address the rising cost of retiree health care by helping current retirees who faithfully served the Church throughout their career with their medical expenses and also by providing current workers whose employers participate in The Church’s Plan with a benefit to help them prepare for the healthcare expenses they will face in retirement.
• Encourage workers to save for the future by providing financial education and a new retirement savings plan.
• Respond to the changing demographics of the LCMS workforce and help the growing number of mid-career hires to build a financially secure retirement, while still benefiting long-service workers.