# LCMS Convention Proceedings_St. Louis Missouri_1947_S616
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

616 FINANCIAL MATTERS

of 55 will retire from the active ministry. Many will continue to
serve in full capacity.

In order to strengthen the Pension Fund and out of fairness
to the worker be it also

Resolved, That when a worker of the Missouri Synod who has
met his pension payments withdraws from Synod, he be allowed
to keep his pension in force and draw his old-age benefit, when
he becomes eligible.

Reason: Workers of the Missouri Synod accept calls from,
and enter, the service of other synods of the Synodical Conference.
Finally, be it

Resolved, That pastors and congregations of any synod of
the Synodical Conference be permitted to join our Pension System.

Martin KELLER

Committee 12 reported:

Wuereas, The accrued annuities on a worker’s pension pay-
ments at the present time are very limited; and

Wuereas, It would require a tremendous amount of subsidy
from the Board of Support Budget in order to grant an Old Age
Benefit of $50.00 per month to persons who retire at 55 years;
therefore be it

Resolved, That we reject Memorial 810.

ACTION
This resolution was adopted by Synod.

Amending Rules re Old-Age Benefits |
, (Memorial 811)

Synod’s Pension Plan is well known to all pastors. Since, how-
ever, our District, though the originator of Synod’s Pension Plan,
continues to lag behind the other Districts as well as behind Synod
in general, your committee on Support and Pensions makes the fol-
lowing recommendations:

1, Since the participation of workers in the District has in-
creased from 62 per cent to 72 per cent since the last convention;
since twelve new members have signified their intention to join the
Pension Plan since the publication of the reports to be submitted
to this convention, thereby bringing our workers’ participation to
nearly 80 per cent; since the participation of congregations has
likewise increased from 54 to 64 per cent since the last convention,
we recommend that the District Pension Board be carsmended for
its successful efforts and be encouraged to continue to work in the
interest of Synod’s Pension Plan.