# LCMS Convention Proceedings_St. Louis Missouri_1950_S1284
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

FINANCIAL MATTERS 805

fut in no case shall the reduced amount be less than $200.” This
ficreased special benefit should become effective as of Febru-
ary 1, 1951.

« Note.— The words in quotes constitute a change in Section
19.47a (2) of the Handbook. The rest of this paragraph remains

Withdrawal from Pension Fund
(Memorial 830)
Wuereas, The Pension Catechism, page 43, states that a con-
: gregation may not “expect the refund of its payments made in
‘abehalf of a worker who discontinues his payments. of the Pension
‘ dues or resigns,” “because these contributions should be considered
--as having been made for the benefit of all of Synod’s Pension Fund
members”; and
Wuereas, The above contention that the contribution of a con-
gregation “should be considered as having been made for the
benefit of all of Synod’s Pension Fund members” is not the ruling
of Synod, but only an interpretation of Synod’s Board of Support
and Pensions of Synod’s regulation: “all accumulations made for
this account under Section 10.43 d-h shall be transferred to, and
become a part of the Contingent Fund as defined by Section 10.41 ¢”
(Handbook 10.49.a); and ,
‘Wuereas, Synod grants a worker the right to terminate his
membership in the Pension Fund and to withdraw all payments
made by him and the interest thereon, by stating, “A worker leaving
‘the service of Synod or any component part thereof before the re-
tirement age, except for disability, relinquishes all claims for
benefits provided under Sections 10:45 and 10.47. He shall have the
right, however, to withdraw all payments made by him under
Section 10: 43 a-c and the interest thereon” (Handbook 10.49 a); and
Wuereas, Justice and fairness demands that a congregation
should also be granted the right to terminate its contributions to
the Pension Fund and under certain conditions to withdraw pay-
ments made by it; and :
Wuereas, Synod has made no regulation regarding the dis-
position of the congregation’s “contribution to the Pension Fund”
in the event that a congregation withdraws from the Pension Fund
and/or terminates its membership in Synod; now therefore be it
Resolved, That in the event that a congregation withdraws
from the Pension Fund, the full amount contributed by the con-
gregation, plus accrued interest, shall be returned to the congrega-
tion, with this’ proviso that in no case shall such refund include
“any amount contributed by the congregation in behalf of a worker
who still retains his membership in the Pension Fund, and/or who