# LCMS Convention Proceedings_St. Louis Missouri_1947_S618
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

618 FINANCIAL MATTERS .

entitled to receive his Old Age Benefit in full if his annual earnings
from church work and/or secular work do not exceed an average
of $90 per month. If he receives average earnings in excess of
$90 per month from church work and/or secular work, a cor-
responding reduction shall be made in his Old Age Benefit.

In all borderline cases the Board of Support and Pensions
shall be the judge, basing its verdict upon the principles of right,
tempered with Christian love and charity.

ACTION
These resolutions were adopted by Synod.

x

Review of Faculty Retirement Provisions
(Unprinted Memorial 21)

It was the intention of Synod when a retirement program for
professors was inaugurated, that the aged veterans of -Synod’s facul-
ties would be adequately provided for at the end of their profes-
sional careers. Ever since these retirement provisions went into
effect, however, and especially in the past few years, acute financial
distress has been experienced by some of the men who have
served Synod’s colleges long and faithfully.

We believe that Synod will wish to alleviate these conditions,
which have been a matter of concern not only to those directly
involved, but also to all faculty men who are conscious of the
problems of eventual retirement, We therefore respectfully request
Synod to review the retirement provisions for faculty members.
We also urge Synod to recognize in these provisions the cost of
living variations in different areas, so that men whose service
has been centered in high-cost areas need not be penalized for
continuing to live in the vicinity of their children and associates,
or find it necessary to re-orientate themselves in strange but
less costly communities in the evening of their lives.

THE Facutty or Concorpia TEACHERS COLLEGE
River Forest, Tl.

Committee 12 brought in the following resolution:

Resolved, That section 10.45 of the Pension Plan, Proposed
Synodical Handbook, page 126, paragraph b, be changed to read
as follows: “Retirement shall be construed as the giving up of
a pastorate, office, or position and the termination of a salary re-
lationship by a worker who has attained the age of sixty-five years,
or who is compelled to resign on account of total and presumably
permanent disability and whose salary relationship thereby is ter-
minated. Disability must be certified to by a competent physician
and the officials of the respective District as well as by the mem-