# LCMS Convention Proceedings_St. Louis Missouri_1950_S1280
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

FINANCIAL MATTERS 801

ACTION

By adopting the following resolution of Committee 12, Synod

rejected 1s memorial - Resolution 11

Wuereas, The object of the Pension Fund is to accumulate the
contribution of the worker and congregation or employing boards
‘and the accrued interest thereon for an annuity at retirement; and
' Wuereas, Memorial 823 Proposes a violation of the Pension
‘Fund regulations (10.43a, synodical Handbook) by diverting

‘moneys from the investment of the contributions; therefore be it

. Resolved, That this overture be declined.

Reduce Age of Retirement
(Memorial 824)
Wuereas, The office of the holy ministry is a greater strain on

’ the nervous system than many other occupations are; and

Wuereas, Under present-day conditions this strain is increased
and the health of some of the workers breaks down before they
reach the age of 65; and

WHEREAS, It is necessary that everything humanly possible be
done to preserve the health of our workers; therefore be it

Resolved, That the age of retirement be reduced to the age of 60.

It is hoped that by doing this the health of the workers
will with the blessing of God be preserved for at least limited but

very valuable service. Martin KELLER
ACTION

This matter was covered by Resolution 1 of Committee 12 on
Memorial 818. ‘
This also disposed of -the following memorial.

Change in Retirement Age
(Memorial 825)

Wuereas, Under present-day conditions the active ministry
is becoming increasingly more strenuous and the health of some
of the workers becomes impaired before they reach pension age; and

Wueress, It is in the best interest of Synod that everything
possible be done to preserve the health of the workers; there-
fore be it -

Resolved, That at least a certain number of workers be per-
mitted to retire and to receive their full old age benefit after thirty
years of service, before they have reached pension age.

These workers, relieved of the heavy strain which the active
ministry imposes, and retiring before their health breaks down,
will be able to still render much valuable service in the kingdom of