# LCMS Convention Proceedings_St. Louis Missouri_1944_S904
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

FINANCIAL MATTERS 821

Il. Pensions

A. Changes of Regulations

The privilege of amending the Plan with the consent of the
‘ Board of Directors was exercised in only one case, for which we
request Synod’s ratification. In view of the fact that practically
all our seminary graduates at first receive a limited salary, and
for other good reasons, they will be admitted into membership
at half rate, respectively three-fourths rate, and Synod will supply
the other 2 per cent of their contribution for two years and 1 per
cent for the following two years, provided that payment is made
from the date when the graduate became eligible for membership
and that the employer is participating in full. :

B. Statistics |
Total Registration on January 31, 1944

PastOrs oa. encnecncnececceeeeenceeeeeeeeseneecneennee sence cerensnsnnenemensonenensessennetonsnneteareseennien 2,955
Teachers .... -. 1,051
ProfeSSOLs -..-----2----22cc-ceeeeecneneensnseeeeeneeeeeeteeneee cee seeeeueneeensensecesaeaennanenaeocensateneeteneanen 163

Workers Not Serving Congregations . 207
Female Workers _.....-.-...----.-------20 cece: cescceeceeteceeseetensecenennnenessnsneneneecenenoneensneesnet 84
4,460
Members Died oo... con c-ccccccecc econ eeeeecee cece seecetenertenesneemecenneneeseeneaeasense 192
Members Retired _... .. 212
Members Withdrawn 53
— 457
Total Active Members .. 4,003
- Congregations Enlisted ~........ teu ueeceneueveseesestnuctnunseneeenensurestenerneceecesenenenneneens 2,436
Institutional Boards —_.............- eeeeeleeeceeereseees -- 37
’ Synod’s and the Districts’ Salary-p ying Boards ..... ns 49
Pension Fund Balance, January 31, 1944 —_.............. _ $19 979,537.89
Disbursed for Death Benefits (Total) -............. ceceeceesesetene 39,375.00
One Year's Growth
Workers Congregations Balance
January 31, 1944 ....... 4,460 2,436 $1,979,537.89
January 31, 1943 _..... 4,006 2,041 1,317,784.91

455 (11%) 395 (19%) $ 661,752.98 (50%)

C. Why a Pension Fund?

1. There can be no doubt as to the import and intention of
the unanimous institution of the Fund in 1935 and of the 1938
resolution that “the pension system is now Synod’s system of
support.” This means that Synod has replaced the traditional
manner of doling out.support according to need and those never-
ending investigations by a more “decent and orderly” system.

No one ever discovered a Scripture passage prohibiting this
undertaking. We all admit that we Christians are free at any

Reports and Memorials 21