# LCMS Convention Proceedings_St. Louis Missouri_1944_S810
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

PROPOSED SYNODICAL HANDBOOK

741, Meetings with Subcommittees of Districts

The Board of Support and Pensions may meet from
time to time with the representatives of the District
subcommittees for the purpose of achieving greater
co-ordination of efforts and uniformity of practice.

THE PENSION PLAN

751. Pension Plan Definitions

A. The Pension Fund is the fund created by the
regular contributions of, the workers, combined with
the contributions of the congregations and salary-
paying boards, and by special donations, to which is
to be added interest as credited by the Board.

B. The Contingent Fund is the fund to be created
by the accumulation of certain amounts set aside for
that purpose as provided in Section 755, paragraphs F
and G; 759, paragraphs A and B or by special gifts
and legacies. This Contingent Fund will be used for

‘supplemental benefits at the discretion of the Board.

C. Annuity is the sum that shall be payable an-
nually to the beneficiary. This annuity shall be pay-
able in monthly or other convenient installments.

D. Workers. ;

1. Regularly called professors, pastors, missionaries,
and teachers who are members of the Missouri Synod.

2. Graduates of Synod’s seminaries who are engaged
in regular church work under contract with a congre-
. gation or board,

3. Female parochial school teachers and female mis-
sion workers. When the words “he” or “his” refer

to the workers, they are to be construed to mean also
“she” or “her.”

E. Members’ Contributions. The payments of mem-
bers shall be fixed at the rate of 4 per cent of the
worker’s salary basis as herein defined.

F. Congregations’ Contributions. The payment of
the congregations and other salary-paying organiza-
tions shall also be fixed at the rate of 4 per cent of
the respective worker’s salary basis as herein defined.

G. Salary Basis. The salary basis for the purposes
of the Pension Fund shall be the fixed salary, and in
cases where a parsonage or similar free official resi-
dence is furnished the worker, this privilege shall be
considered the equivalent of 15 per cent of his fixed
salary and shall be added thereto. If both lodging and
board are provided in addition to salary, the base
salary is considered’ as being increased by 40 per cent.

H. Personal Accumulation. The amount credited to
a member from his personal contributions and the in-
terest thereon as set forth in Section 753, para-
graphs A to D.

I. Allocations are the amounts credited to a mem~-
ber from the contributions and the interest thereon,
remitted by a congregation or a salary-paying board,
as set forth in Section 753, paragraphs E to J.

J. The Board is the Board of Support and Pensions.

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