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Board OKs forming CPS ‘ancillary program agency’

Comments (4)
  1. Avatar Carl Vehse says:

    Just what is this “expanded portfolio of quality products,” which the LCMS BOD-authorized “Ancillary Program Agency” will enable CPS to “meet the needs of ministries and workers,” “utilize current industry distribution systems,” and “offset administrative expenses”?

    1. Avatar LCMS Church Information Center says:

      Per the LCMS Handbook, 3.7.1, Concordia Plan Services (CPS) “is responsible for managing the benefit plans/trusts of the LCMS . . .” In addition, 3.7.1.2 specifies “Concordia Plan Services is also responsible for managing other ancillary programs . . .” This action is being taken simply to provide CPS with the tools and structure to best meet its purpose as defined by the Synod in Convention.

  2. Avatar Carl Vehse says:

    In addition to the financial assistance grants from the Support Program of the Synod (Bylaw 3.7.1.2 (a)), what are the additional products in the “expanded portfolio”, and will they also come from LCMS budgeted funds rather than CPS plans/trusts?

    1. Avatar LCMS Church Information Center says:

      Thank you for your blog post. Establishment of the agency provides CPS with an opportunity to improve the distribution channel for both the current CPS ancillary products, such as the Accident Insurance Plan (AIP)/Travel Accident Insurance Plan (TAIP), Supplemental Group Term Life (GTL), and new products, such as the recently enhanced Medicare Supplement options, to LCMS workers and ministries. CPS will continue to evaluate ministry and worker needs for potential product expansion, with such products to be self-supporting, so funding from neither the LCMS nor CPS plans/trusts will be necessary.