RESOLUTION RELATING TO TERMINATION OF DEFINED BENEFIT PENSION PLAN BY AUGSBURG FORTRESS, PUBLISHERS
WHEREAS, Augsburg Fortress, Publishers, a separately incorporated program unit of the Evangelical Lutheran Church in America, terminated its defined benefit pension plan by action of its Board of Trustees in December 2009; and
WHEREAS, the termination of the Augsburg Fortress defined benefit pension plan has adversely affected approximately 500 present and former employees; and
WHEREAS, individuals have asked about the background and reasons for the actions of the Augsburg Fortress Board of Trustees, and it is important to provide accurate and complete information regarding the termination; therefore, be it
RESOLVED, that the __________ Synod Assembly requests the Church Council of the Evangelical Lutheran Church in America to conduct a review of the actions of management and trustees of Augsburg Fortress, Publishers, regarding the background of, reasons for, and implications of the termination of its defined benefits pension plan, and to report on the results of the review at the November 2010 meeting of the Church Council; and be it further
RESOLVED, that the _________ Synod Assembly direct the Synod Council to forward this resolution to the Church Council for consideration and possible action.