# LCMS Convention Proceedings_St. Louis Missouri_1950_S1279 # Machine transcription, uncorrected — CHI Digital Archive (demonstration) 800 FINANCIAL MATTERS of this amendment would, in many instances, make it unnecessary for the worker to make a declaration of his assets, which in the past often has been a painful ordeal. St. Jonn’s Ev. Lutueran Cuurcu MERRiLL, WIs. W. E. Tewes, President A. L. Buerer, Secretary Cart PererMAN Rost. H. Kroun Emi A. Hinz ACTION This matter was covered by Resolution 1 of Committee 12 on Memorial 818. Increase Certain Pension Fund Benefits (Memorial 822) Wuereas, The present Pension Fund still does not operate in the case of those members of the fund in good standing who die before the age of 65, but rather the relicts are dependent upon the Board of Support; be it Resolved, That the Pension Fund terms go into effect in case of accidental ur premature death as though the person who was enrolled and in good standing in the Pension Fund was a member to the age of 65, and that this principle operate till the need for the Board of Support passes through the growth of the Pension Fund. York-Sewarp REGIONAL CONFERENCE Soutuern Nesraska District B. Hom, Secretary ACTION This matter was covered by Resolution 2 of Committee 12 on Memorial 818. Re Pension Funds (Memorial 823) Wuereas, The accumulation. of interest does not pay for the pensions paid out at the present time; and Wuereas, Wheri Synod is in debt, it will pay a higher rate of interest also for funds to pay out the pensions than it receives . from its pension funds; therefore be it . . Resolved, That until the time that the old age benefits can be fully met by the accumulations of the pensions, 10 per cent of the contributions be used to pay out pensions, and 90 per cent be put aside on interest. Martiw KEtLier