# LCMS Convention Proceedings_St. Louis Missouri_1947_S606
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

606 FINANCIAL MATTERS

of $5.00 for this group amounts to over $44,000 a year. Further-
more, the rising cost of living could not be entirely ignored, Again,
a number of retired or disabled persons who heretofore had

pelled to ask for support.

We know that the Support in general is very meager. While
we are happy to do what we are doing, we very much regret that
we cannot do more,

The tremendous cost of our support, however, brings another
fact most forcefully to our attention, namely how exceedingly

next section.
The Pension

Upon repeated requests we submit at the beginning of this
section a part of the report to the last Fiscal Conference:

Synod through the Pension System makes a number of very
generous offers to all workers:

Synod offers to care for the savings of the worker and the
congregation, increasing them by 24% compound interest.

Synod offers to pay all the overhead so that the worker
receives every cent of his savings and the interest,

Synod offers to supplement the annual Payments of the
worker if the 8% contribution is less than $100.00.

Synod offers to pay for a graduate one half of his dues for two
years and one fourth for the following two years.

Synod offers in case of sickness and disability before the

Synod offers to Pay the worker upon retirement at 65 or
later, even though the Savings do not warrant it, the sum of $50
a month, and $25.00 to his widow for life, provided that the worker
was in the service for 25 years and with his employer participated
in full from the time of his eligibility.

Synod offers to augment even this liberal Old Age Benefit
from budget funds according to need.

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