# LCMS Convention Proceedings_St. Louis Missouri_1950_S1283
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

804 FINANCIAL MATTERS

Increase Widows’ Annuities
(Memorial 829)

In convention assembled at Camp Pioneer, Angola, N. y.
June 27—July 1, 1949, The Lutheran’ Church — Missouri Synod,
Eastern District, adopted the following resolutions pertaining to
Synod’s Pension Plan:

1. Resolved, That we memorialize Synod to increase the pay-

“ment to widows;

2. Resolved, That we memorialize Synod to investigate the
possibility of group insurance to augment the very limited
income of widows from the present annuity paid.

Martin W. Mvetter, Secretary

ACTION

Regarding the second “Resolved” in this memorial, Com-
mittee 12 submitted the following resolution, which was adopted:

Resolution 4
Wuereas, The possibility of setting up a group insurance pro’
gram in behalf of members of the Pension Fund was given much
study these past three years; and
Wuereas, It has been found:

1. Young men can get insurance from commercial companies
at very much the same rate as group insurance would_ cost
them; and .

2. Such a group insurance program would require additional
costly accounting; and

3. The collection of the premiums presents a great prob-
lem; and

4. Such group insurance does not provide any benefits for
those members who are already retired; therefore be it

Resolved, That Synod does not enter a group insurance pro-
‘gram; and

Wuereas, The Board of Support and Pensions is anxious to
meet in a measure the situation that called forth the request for
group insurance; therefore be it

Resolved, That “the death benefit shall be such an amount as
‘available funds justify, but is not to exceed $500 for members whose
salary-paying organization or organizations did participate, and
is not to exceed $300 for members whose organizations did not
participate, provided that in the case of a member or his organi-
zation deferring the taking of .membership such benefit will be
reduced at the rate of $25 for. each year of delayed membership;