# LCMS Convention Proceedings_St. Louis Missouri_1950_S1273
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

794 FINANCIAL MATTERS

ACTION
Action on this report was taken under six headings: I. Dis.
ability; II. Widow’s Benefits; III. Handbook Changes; IV. Raise of
Percentage of Employer; V. Change in Handbook, 10.45 g; VI. Reso.
lution of Thanks. ‘

I. SPECIAL DISABILITY BENEFIT

Committee 12 submitted the following resolution, which was

adopted: Resolution 1

A number of reasons are given for non-participation in the
Pension Fund: financial inability to make personal contributions
because of low salaries; the assertion that commercial insurance
provides better benefits; contracting for sizeable insurance benefits
prior to the inauguration of the Pension Fund; and the failure of
our Pension Fund to assure to the disabled worker under age 65,
or to his widow, a definite and fixed pension. Under our existing
regulations a disabled worker is eligible to receive only his earned
annuity and must make annual formal application for support to
provide his most urgent needs; and because the Board of Support
and Pensions already is granting support in addition to the actual
earned annuity, the total of both equaling in most cases to $60.00
per month; therefore be it

Resolved, That a Special Disability Benefit or Pension be pro-
vided as follows:

A worker retiring from active service in the Church before

age 65 because of disability shall be granted a free subsidy from
Synod’s treasury during the period of this disability to increase
his earned pension annuity to such an amount as may from time
to time he determined by Synod.
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 10.47b (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 earnings 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 annuity only, or Support in addition
to this earned annuity. :

This Special Disability Annuity shall become effective as of
February 1, 1951.

This also covers Overtures 820-1, 821, 824, 825, 827.