The Lutheran Church-Missouri Synod (LCMS) is committed to taking great care in providing its workers with quality health, retirement, disability and other benefits. Through Concordia Plans’ services, congregations, schools and special ministry organizations of LCMS congregations can offer employees comprehensive employee benefits packages including medical, dental and vision insurance plans as well as personal spending accounts – an indispensable way of protecting workers in today’s economy.
Concordia Plan Services (CPS), owned and managed by the Lutheran Church-Missouri Synod (LCMS), administers benefit plans for churches, schools and agencies affiliated with LCMS churches and schools. CPS offers three main plans – Concordia Health Plan, Retirement Plan and Disability/Survivor Plan as well as optional programs that employers may choose to offer through payroll deduction.
LCMS congregations, schools and ministry organizations are trusted by their constituents to provide pastoral, teaching and lay workers with adequate protection throughout their careers and lives. The Concordia Retirement Plan gives these workers peace of mind knowing that they’ll be able to comfortably care for themselves and provide for their families when the time comes.
Concordia Health Plan offers employers an affordable solution to providing their employees with comprehensive medical and prescription drug coverage, along with wellness programs designed to keep employees healthy and productive.
Concordia Disability and Survivor Plan offers cash benefits to an enrolled worker or his/her eligible dependent in the event of a qualifying disability, and pays employer contributions towards social security and Medicare taxes for them (reported via IRS Form 1099-MISC for non self-employed). Lincoln Financial handles disability checks as well as tax withholding/reporting on behalf of most enrolled workers.
LCMS Pension Plan offers an easy, worry-free way to save for retirement with guaranteed benefits provided from the time you begin work until it’s time for you to stop and retire. As this pension plan is defined benefit, your benefits are determined using an established formula based on pensionable earnings and years of credited service; when it’s time for you to retire your monthly pension payments will continue until death occurs at which point surviving spouses or eligible children of plan members will begin receiving monthly benefits that reflect your average pensionable earnings over your years of membership in addition to monthly benefits based on average pensionable earnings and years credited service membership benefits based on average pensionable earnings and membership length of membership in plan membership.