# LCMS Convention Proceedings_St. Louis Missouri_1950_S1270
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

FINANCIAL MATTERS 794

In December, 1948, our new Pension manual, The Pension

' Catechism, made its appearance. It is our hope that this new

manual will be found helpful in understanding the plan and benefits
of the Fund.

. Last fall Memorial Wreath cards were mailed out to all
workers in Synod. We hope our pastors and teachers will make
frequent use of this method of receiving contributions for the
Board of Support and Pensions current treasury, but more par-
ticularly for the Pension Contingent Fund, from which benefits
will accrue to Pension Fund members in years to come.

Though the matter we still wish to bring to your attention
is herewith presented at the very end of a lengthy report, yet we
sincerely hope everyone who receives a copy thereof will give heed
to our plea for Annuity Gifts to Synod’s Pension Contingent Fund.
An Annuity Gift is made by a person who wishes to give a certain
sum of money to an organization for the purpose of receiving an
annuity therefrom. The rate is determined by the age of the donor.
Payments are made for life. The residium, of course, must be
used for the Pension Contingent Fund.

We plead with you to entrust such an Annuity Gift in any
sum with Synod for the eventual benefit of the Pension Contingent
Fund. Veterans of the Cross and their dependents will become
the eventual beneficiaries. For what better cause could you make
a gift of this kind? Your loving gratitude to those who serve you
with the life-giving Word will thus be given expression, and you
will receive the benefit of such a gift as long as you live. The
rate of such annuities to you is generous. Write to this Board for
the annuity rates. ,

The annuity plan provides the donor with an income for life
as checks will be sent in January and July of each year; the plan
is convenient as it eliminates worry and responsibility of investing
funds during old age; it avoids unwise investments as Synod’s
competent Board of Trustees invests the gift; and at the same
time this gift will be a testimonial of the donor’s love for God
and for those servants of the Word who have directed and guided
him on the way of godliness and salvation.

, Epwin A. Sommer, Executive Secretary

Pension Fund Balance Sheet

Assets
. Sept. 30,1947 Sept. 30,1948 Sept. 30, 1949
Investments  $4,946,923.00 $5,940,362.00 $6,993,971.00
Amortization (Bond Premiums) 744.58 3,170.83 13,327.37
Cash (Uninvested) ~~... —1,501.06 75,082.45 144,580.92

$4,946,166.52 $6,018,615.28 $7,151,879.29