# LCMS Convention Proceedings_St. Louis Missouri_1953_S486
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

486 FINANCIAL MATTERS

formance of their duties and also to prepare recomm
and overtures for the improvement of the Pension Fund, asy.
see from the proposed amendments farther along in this

6. A meeting with all District chairmen, except three
unable to come, was held February 12 and 13, 1952, at the
Building in St.Louis. The purpose of this conference
acquaint all District chairmen with the complete prograri:
Pension Fund and its benefits. Papers were prepared
by a number of District chairmen. Dr. George A. Hug
actuary, who lends invaluable aid to our Board throug
year, was also present. The conference was a success
way and well worth the cost.

7. Your Executive Secretary again attended numero
ventions. In 1951 he was present at nine District convent!
in 1952 at five other District gatherings. He also met with
groups at conferences and the like. That the graduates
seminaries and teachers’ colleges may be better inform
sion matters, the Executive Secretary has been visiting
school year at the teachers’ college at River Forest and
naries at Springfield and St. Louis. And during 1952
met with the graduating classes at our teachers’ college in

8. For the information of all concerned we submit a
of all Pension and Support benefits remitted by this B
1918 to January 31, 1953. You will observe that there
bare space on the left-hand side of the tabulation for
1918 to 1937. This represents those years during whi
in an organized way, granted Support only, and that uy
annual application. The Pension Fund was inaugurated
1937, and beginning the very next year, this Board was in
to initiate the payment of Pension benefits, which even a
after 15 years, are still largely subsidized by Synod. *

9. In the center of the tabulation under the headin
Credits,” you will see listed the actual. earned annuities:
to the 981 Pension beneficiaries on the basis of the Pe
accumulations of the retired or deceased Pension Fun
The subsidy necessary to make payment of the Pensio.
listed in the column at the left of the Pension credits is t2
Synod’s appropriation in behalf of the Board of Suppgy
Pensions. As time goes on, the annuities earned will -6vg@
be sufficient to provide for the needs of the Pension
likely will take at least another fifteen years before the’a
tions to the credit of retiring Pension Fund members
pensions to which no subsidy will have to be added.