# LCMS Convention Proceedings_St. Louis Missouri_1950_S1281
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

802 FINANCIAL MATTERS

God, and some might be able to return to full-time service again
after a year or two of rest.

An ounce of prevention is worth a pound of cure.

This could be done within the framework of the present system,
Since inception of the Pension System quite a number of workers
have not retired at pension age. Some continue to servé in full
capacity for five years or more. God granted them good health,
Money which otherwise would have had to be paid out was saved.
These savings should be used to preserve the health of the workers;
be it therefore

Resolved, That each year the Pension Board figure out approxi-
mately how much money in that way is being saved by Synod; and

That each year the Pension Board permit as many of the
workers who have had thirty years of service, but have as yet
not reached pension age, to retire and to receive the old age
benefit, as this. sum would warrant.

This plan if adopted might mean quite a saving of manpower
and money. Martin KELLER

Adequate Pensions for Professors after Retirement
(Memorial 826)

We, the Faculty of Concordia College at Fort Wayne, Ind., re-
spectfully ask the honorable Synod to consider providing an ade-
quate pension for professors when their retirement becomes nec-
essary.

It is obvious that in frequent cases a professor at our sem-
inaries and colleges dreads retirement chiefly because of financial
reasons.

It would also be easier for a local board to ask a professor to
resign if it knew that a professor’s wants after retirement are ade-
quately taken care of for the rest of his life. For this reason we
suggest that a professor be given at least 50% of the current pro-
fessor’s salary plus rent for the period of his retirement.

Tue Facutry or Concorpra Coiiece
Fort Wayne, Ind.
Ernest C. LEWERENZ, Secretary

ACTION

By adopting the following resolution of Committee 12, Synod
declined this memorial: :
Resolution 3

Wuereas, Overture 826 requests that the retiring professors
shall receive benefits in excess of the present Old Age Benefit
of $720; and :

Wuereas, Synod has provided rules and regulations for the
payment of benefits to retired members of the Pension Fund; and