# LCMS Convention Proceedings_St. Louis Missouri_1944_S913
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

328 FINANCIAL MATTERS

you to retire from active duty. No commercial insurance can offer
such protection for any price.

These subsidies are granted during disability and widowhood
in consideration of an annual contribution equal to 4 per cent of .
your salary ‘basis and of a like amount from your salary-paying
organization. An immediate death benefit in the amount of $250
is provided for without additional cost.

There is absolutely no commercial concern that can provide
such elastic, broad, and permanent coverage at any price.

_ A Special Offer to Our Seminarians Who Graduated In or After 1943

In view of the fact that your initial income probably will
be limited, that you may have financial obligations, that you will
need books, possibly a car, and eventually will wish to establish
a home, the Board of Directors upon our request adopted the
following resolutions:

If a graduate will remit 2 per cent of his salary basis from
the date when he became eligible for membership (that is, when ~
he receives salary for doing regular church work within the Mis-
souri Synod), and provided that his employer has remitted 4 per

_ cent of his salary basis from the date of his eligibility, Synod at.

the end of each fiscal year will add to his account an amount equal
to 2 per cent of his salary basis for two years, and 1 per cent if he
remits 3 per cent and the employer 4 per cent for the following
two years.

The worker must join the Fund not later than twelve months
after he became eligible.

Female parochial school teachers and mission workers who
are eligible for Pension membership and have graduated from
one of our seminaries in or after 1943 are included in this reso-
lution. When the words “he” or “his” refer to them, they are .
to be construed to mean also “she” and “her.”

Please follow these directions:

1. As soon as you have accepted a call or appointment, sign
the enclosed agreement of participation and mail it to the
undersigned.

2. Inquire whether the calling organization has joined Synod’s
Pension Fund and if not, request that they do so. If necessary, we,
respectively your Visitor, will be glad to assist you in persuading
your congregation or salary-paying board.

' 3. If you are so heavily insured that it will be difficult to meet
both payments and you will let us know, we will assist you in
adjusting your insurance program.

4. Make payments to Pension Fund after you have received