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ELCA, Board of Pensions Respond to Lawsuit on Annuity Payment Reductions
ELCA NEWS SERVICE ^ | 1/14/11

Posted on 01/14/2011 8:40:59 AM PST by SmithL

CHICAGO (ELCA) -- The churchwide organization of the Evangelical Lutheran Church in America (ELCA) and the ELCA Board of Pensions responded publicly to a Dec. 3 lawsuit filed against them in a Minnesota state court by four plaintiffs. The plaintiffs claim the ELCA Board of Pensions acted improperly to reduce annuity payments to retirees participating in an annuity retirement fund. The suit was filed in a district court in Hennepin County, Minn., by the Rev. Arthur F. Haimerl, the Rev. Benjamin A. Johnson and two former pastors, Larry D. Cartford and Dr. Ronald A. Lundeen. Named as defendants were the ELCA Board of Pensions, based in Minneapolis, and two members of its leadership team, John G. Kapanke, president and chief executive officer, and Curtis G. Fee, vice president and chief investment officer. The ELCA, a separate nonprofit corporation based here, was also named. "The Evangelical Lutheran Church in America is aware of the allegations contained in the lawsuit filed in the Minnesota District Court," according to a statement from the ELCA churchwide organization. "The lawsuit claims that the ELCA Board of Pensions, a corporation separate from the churchwide organization, acted improperly by reducing certain annuity payments. We are disappointed the plaintiffs chose to name the ELCA as a defendant in this matter.

(Excerpt) Read more at elca.org ...


TOPICS: Current Events; Mainline Protestant; Moral Issues
KEYWORDS: brokenpromises; elca; pensions; yourtithesatwork

1 posted on 01/14/2011 8:41:01 AM PST by SmithL
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To: lightman; rhema

Once you abandon the Bible, it’s downright easy to abandon retired pastors, I guess.


2 posted on 01/14/2011 8:42:01 AM PST by SmithL
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To: aberaussie; Aeronaut; aliquando; AlternateViewpoint; AnalogReigns; Archie Bunker on steroids; ...


Lutheran (EL C S*A) Ping!

* as of August 19, AD 2009, a liberal protestant SECT, not part of the holy, catholic and apostolic CHURCH.

Christ is in our midst!

3 posted on 01/14/2011 12:48:38 PM PST by lightman (Adjutorium nostrum (+) in nomine Domini)
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To: SmithL; lightman; Keith in Iowa; AppyPappy; PhilCollins; bboop; GreyFriar; Hodar; Lysandru; ...
We are disappointed the plaintiffs chose to name the ELCA as a defendant in this matter.

ELCAspeak translation: "What with the mass exodus of members and dollars after our Bible-renouncing August '09 convention 'economic downturn,' we've got more than enough financial calamities to contend with."

4 posted on 01/15/2011 3:30:56 AM PST by rhema ("Break the conventions; keep the commandments." -- G. K. Chesterton)
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