# LCMS Convention Proceedings_St. Louis Missouri_1944_S905
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

820 FINANCIAL MATTERS

2. During the past triennium the ten members of the General -
Board met five times, together with our actuary, Mr. George A:
Huggins. Pastor O. A. Geiseman, member of the Board of Directors,
was present at several meetings and rendered valuable service.
Much of our business was transacted by correspondence.

The five members of the local board met regularly every other
month immediately before the bimonthly mailing of the approxi-
matgly 900 support checks to our beneficiaries, totaling $344,500
in 1943. Everyone of the 135 applications granted had first been .
examined and recommended by the respective District boards.
This is a safeguard against hasty and arbitrary decisions.

Support Statistics

Persons Supported w >

y |8o| 8 g rs]
z~/<}9] ¢ | Be] & & gh g
o £ rw g c oD s
4 a = o> = bt aE
or t=) a & Sa £ a Ee
s|2|3 2°) § 2 &
a a § & &

| :
302) 523) 355] 1,450} 111] 844/$261,561.83 2|$6,550.00/$268,111.83
-| 2721 512] 308} 1,3463; 180| 807} 313,285.694; 8,725.00} 322,010.69

259| 509] 294] 1,2885] 214] 792] 334,772.918| 8,950.00] 343,722.92

1) Not including 92 old-age beneficiaries (85 workers and 7 widows) and
64 wives receiving no “support.”

2) Includes the $31,304.00 old-age special benefits and gives effect to.
$4,427.59 of offsetting pension credits. (30 death benefits: $6,550.00.)

3) Not including 162 old-age beneficiaries (146 retired workers and
16 widows) and 113 wives receiving no “support.”

4) Includes the $65,671.85 old-age special benefits and gives effect to
$7,367.17 of offsetting pension credits. (39 death benefits: $8,725.00.)

5) Not including 197 old-age beneficiaries (166 retired workers and -
31 widows) and 129 wives receiving no “support.” ‘

6) Includes the $84,669.04 old-age benefits and gives effect to $9,423.71 of
offsetting pension credits. (39 death benefits: $8,950.00.) ’

In the above tabulation the old-age benficiaries are not included in ‘tie
workers and widows, but the amount remitted to them appears in the “dis-
ursements,.””

3. That during the past triennium we received only 135 appli- _ .

cations, 185 fewer than in the former three years is the result of
the special old-age benefit of $40.00 a month available to the mem-
bers of the Pension Fund without going through the annual
investigation into their personal circumstances. In a few cases
where the special benefit was not sufficient, an additional subsidy
was granted after due investigation. When all our men and con-..
gregations will have contributed into the Fund for a number of
years, we shall be able to discontinue that disagreeable procedure

in the great majority of cases. It is evident, therefore, that every  ~

worker who does not participate in the Pension Fund and makes
no effort to enlist his congregation is trying to uphold that aggra-
vating method also for himself and his widow. ,