# LCMS Convention Proceedings_St. Louis Missouri_1950_S1278
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

FINANCIAL MATTERS

Change in Pension Regulations
(Memorial 820)

The Board of Directors of the Atlantic District in its meeting

of February 27, 1950, resolved to memorialize Synod in the matter

of Support and Pensions, requesting it to adopt the following
regulations:

1. A disability pension of $50 a month to be granted every
Pension Fund member in good standing who must retire
because of disability prior to age 65 and whose disability
prevents him from having gainful employment.

2. A widow’s pension of $30 a month to be granted to every
widow whose husband’s Pension Fund account is fully paid
up at the time of his death prior to the age of 65.

3. Participation to be required in the Pension Fund of every
worker who is on a synodical or District payroll.

Tae Boarp or Directors oF THE ATLANTIC District
Cart M. Zorn, Secretary

ACTION

This matter was covered by Resolutions 1 and 2 of Com-
mittee 12 on Memorial 818, under “I” and “II.”

Amend Pension Fund Regulations
(Memorial 821)

_Wuereas, In many pension plans benefits to the worker are
based on years of service; and

Wuereas, There. often is a marked decline in the health and
strength of many workers in our Church after they have been
active for forty years; and

Wuereas, A continuing of full-time service of such workers
may result in the further deterioration of the health of the worker
and of his work; therefore be it

Resolved, That Synod amend its Pension regulations permit-
ting any worker to retire (with the full benefits of the Pension
Plan) who has been active in Synod for forty years or longer.

We respectfully submit this proposed amendment as an
extra right for a worker to retire. The worker who, through no
fault of his own, was compelled to leave the work in our Church
for a certain period during his working years would still have the
privilege to retire at 65.

In addition to the benefits named above, we feel, the adoption