R-3
Resolution Relating To Termination Of Defined Benefit Pension Plan By Augsburg Fortress, Publishers - referred to Synod Council
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 January 2010; 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 Northern Illinois Synod Assembly expresses its concern and prayers for these 500 present and former employees of Augsburg Fortress who have been adversely affected by the termination of the defined benefit pension plan; and
BE IT FURTHER RESOLVED, that the Northern Illinois Synod Assembly direct the Synod Council to forward this resolution to the Church Council and to the Augsburg Fortress Board of Trustees to convey this synod’s concern.
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Action of the Resolution Committee
Date of Action: May 12, 2010
Action Taken: Recommend Adoption
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