# LCMS Convention Proceedings_St. Louis Missouri_1944_S912
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

FINANCIAL MATTERS 329

a remittance blank from our treasurer. If you write after your

name: “Graduate of 1944,” the treasurer will understand why you

pay only 2 per cent.

5. If you ask your treasurer to deduct the 2 per cent from
your salary and send them along with the employer’s 4 per cent,
both you and we will save.

6. The greatest of all thieves is procrastination. Whatever ,

may be the obstacle, please write us.

7, Synod’s instruction to assist those who are unable to con-
tribute (Proceedings, 1941, 381) makes participation’ possible for
all, Your communication will be considered confidential.

8. Our Pension Manual is out of print. You will receive a copy
as soon as it comes from the press.

Boarp or SUPPORT AND PENSIONS

F. A. HERTWIG ApotpH W. OBERMANN’
Tueo. M, KoscHE C. H. DEHNING
GerorcEe WEIGLE Tuo. DoERING

Avucust EcGERDING J. J. OBLIS
Rev. F. G. KuEsnert, Chairman

[807]
Pension Plan Allocation to be Discontinued

Discontinuance of socialized allocation of employers’ contri- .

butions as a feature of Synod’s Pension Plan was advocated three
years ago. Our daily contact with the Plan during these three
. years has convinced us that all the objections made to socialized
allocation: at that time are still valid and that, if anything, the
objections were understated.

Three years ago the arguments advanced were sufficiently con-
vincing to persuade both the Support Conference and the respective
Convention Committee that socialized allocation of .employer’s
contributions did not justify itself and might well be dispensed
with, and the latter Committee so reported to Synod. “We hope
to bring facts and arguments this year which should be even
more convincing.

Let us deal briefly with the element of benefits. We shall
bring data to prove that the member receiving a salary below the
average was aided by allocation to the extent of only $3.25 last.
year. In thirty years that would add to his reserve with interest
about $200.00, and if he were to retire at age sixty-five after thirty
years of service, allocation would have added about $13.00 to his
annuity, or about. $1.08 monthly. These sums are given as aver~