# LCMS Convention Proceedings_St. Louis Missouri_1950_S1267 # Machine transcription, uncorrected — CHI Digital Archive (demonstration) 4 iB j 4 Bt rf aed i tb 788 FINANCIAL MATTERS This Disability Pension shall be in the sum of $720 a year. Deductions in this Disability Annuity, or Pension, shall be made in the same manner now obtaining with regard to the Old Age Benefit as set forth in 10.47 b (2). It is taken for granted that the disabled worker shall make periodical reports as to his physical condition and also with regard to his earn. ings from part-time work during such a period of disability, We recommend that this Disability Annuity be made effective as of February 1, 1951, in favor of all disabled Pension Fund members now receiving their earned annuity only, or Support in addition to this earned annuity. Special Widow’s Benefit or Pension ; A widow whose husband passed away prior to age 65 shall be granted a free subsidy from Synod’s treasury during the period of her widowhood to increase her earned pension annuity to such an amount as may from time to time be determined by Synod. This Widow’s Pension shall be in the sum of $360 a year. Deductions in this Widow’s Annuity, or Pension, shall be made in the same manner now obtaining with regard to the Old Age Benefit as set forth in 10.47 b (2). We also recommend that this Widow’s Annuity be made effective as of February 1, 1951, in favor of all widows of Pension Fund members who have Passed away since the in- auguration of the Pension Fund, subject, of course, to such regulations as already obtain with regard to the Widow’s Old Age Benefit. To explain, permit us to say that a widow who has married again is not eligible to receive this proposed Widow’s Pension. We know that there has been much agitation throughout our country these past few years calling for pensions in behalf of labor in big industry. The Federal Government also is intent upon improving Social Security benefits to an increasingly larger num- ber of people. We believe that the congregations in Synod appre- ciate the services rendered by their pastors and teachers and surely regard them as even more important, necessary, and bene- ficial for time and eternity than the work of those who are fol- lowing secular employment. At the present time our congregations and salary-paying organizations are contributing to the Pension Fund at the rate of 4% in behalf of their workers. We wish to advise you that the contributions of congregations in other Prot- estant church bodies, except for the groups that are much smaller than ours, runs from 6% to 15%. The average of such congrega- tional participation so far as the number of participating groups is concerned is nearer 9%. To improve and increase the earned benefits of the Pension Fund to the individual members, we recommend that the em- ployer’s contributions be increased from 4% to 8%. The mem- ber’s contributions are to remain at 4%. .