Concordia Retirement Plan

While retirement is different today than the past, the Concordia Retirement Plan (CRP) is still a dependable, valuable option for ministry workers. All full-time workers who are employed by an enrolled LCMS employer are eligible for enrollment in the CRP.

Flexible Options

No two employers have the same needs, and so the Concordia Retirement Plan offers two benefit options: the Traditional and the Account option. These different plans make sense for different types of employers. For a better understanding of these options, contact a Benefit Consultant today.

2016 / 2017 Rates

Traditional Option - Regular Basis: 8.7% of total annual compensation
Traditional Option - Full Basis: 11.7% of total annual compensation

Account Option - Eligibility Waiting Period - 0% (no contributions due)

Account Option - Non-Vested Worker Rate - 5.7% of total annual compensation
Account Option - Vested Worker Rate - 8.7% of total annual compensation

CRP Features

Traditional Option

Concordia Plan Services is proud to offer a comprehensive retirement package to assist workers with their retirement planning. All eligible workers are enrolled in the Traditional Option unless the employer elects the Account Option for certain lay workers.

The benefit is based on:
  • Final Average Monthly Compensation – Average of the worker’s highest 60 consecutive months of compensation out of the last 20 years of Plan’s participation.
  • Creditable Service – years and whole months of active CRP participation.
  • Integration Level – number used in determining benefits to reflect the fact that Social Security provides a higher benefit as a percentage of pay for employees at lower pay levels. This number is based on federal requirements for combining benefits from Social Security and a pension plan.


Account Option

The Account Option offers the Retirement Cash Account (RCA). This account grows each year through the addition of compensation credits and interest credits. The worker must meet the 5-year vesting requirement to be eligible to receive benefits from the CRP.

A compensation credit is a specified percentage based on the worker’s vesting status times the reported annual compensation in effect on January 1 of that year. Credits are added to the worker’s account at the end of each year the worker is eligible and enrolled in the Retirement Cash Account. Credits for partial years are prorated.


Initiating Retirement

The Concordia Retirement Plan (CRP) is a defined benefit plan, which means the worker’s benefit is based on salary and years of participation in the plan. Workers are 100% vested in their benefits after 5 years of creditable service in the CRP. Termination of employment prior to age 55 and with 5 years of creditable service will result in a vested terminated worker benefit, which is payable to the member, or the spouse if the member is deceased.
Workers have the option of taking normal, early, or late retirement. To initiate retirement, model your upcoming retirement and more, go to Retirement Connection through
Normal Retirement

Workers are qualified for normal retirement when they are vested in the CRP and have reached CRP normal retirement age, which aligns with Social Security normal retirement age. The Rule of 85 still applies to benefits accrued before July 1, 2014, but does not apply to benefits accrued after that date. 

Other Types
of Retirement

Supplementing Retirement

In addition to the benefits provided through the Concordia Retirement Plan, workers are encouraged to save personally for retirement to supplement their retirement income and needs. Many tax-advantaged opportunities to save are available, such as employer-sponsored tax-deferred savings plans (like the Concordia Retirement Savings Plan), Individual Retirement Accounts, and Roth Individual Retirement Accounts.