# LCMS Convention Proceedings_St. Louis Missouri_1947_S609
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

FINANCIAL MATTERS 609

For a number of reasons constant publicity and indoctrina-
on is necessary. Even among the members of the Pension there
often quite a lack of information and an abundance of mis-
information. For instance, in spite of a Manual, an annual letter
to the members, much other literature, and addresses before con-
“ ferences and conventions, there are many wrong notions as to the
‘regular earned annuities and special Old Age Benefit, the Death
“Benefit, etc. Misinformation is the chief cause of the opposition
ound among those who have not joined. As an aid in publicity
not only for our District chairmen, but for anyone who wishes
to use them, we prepared a lecture with colored charts. Wherever
this illustrated lecture has been used it has proved very helpful
in bringing understanding of an interest in the Pension. We would
like to encourage all District chairmen or someone appointed by
them to seek more opportunities to present this lecture or a lecture
of their own before congregations, conferences, and conventions.
Do not fail to see our exhibit at the Convention.

More and more it has become evident that we are in need of
an assistant executive secretary. The Board decided on this step
over a year ago. To date we have not succeeded in filling this
office.

An overture was made by the Deaconess Association of Fort
Wayne that the deaconesses as trained workers of the Church
(Manual, page 13, Par. 13) be given the right of joining the Pension.
After a thorough study of the situation an agreement was reached
admitting the entire group.

We ask your kind indulgence as we bring a somewhat longer
close referring to a source of income which will reduce the annual
budget requisition.

There is very much money abroad. I just read (August 8):
“Liquid assets in the hands of the public are estimated at (hold
your breath) $181,000,000,000. And millions of these assets are in
the hands of our people. Frequently they do not know what to
do with them, and they-fall prey to some “slicker.”

This is the time to help them and us by bringing to their
attention the Annuity Gifts. What are annuity gifts? They are
both annuities for the giver and gifts for the Pension. How does
it work? Let us use an example. You turn over to the Pension,
let us say, $5,000. If you are single or a widow or widower, you
will receive for the rest of your life, interest according to your
age at entry. If you were 65 when you turned the money over,
you will receive 6.5% interest or $325.00 a year at your con-
venience, monthly or otherwise. If you were 70 when you turned
the money over, you will receive 7% interest, in short, you receive
one tenth of your age in interest. If you are married and wish
Proceedings, 1947 39