# LCMS Convention Proceedings_St. Louis Missouri_1953_S489
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

FINANCIAL MATTERS 489

Old Age Pensioners

Since the Pension Fund was inaugurated October 1, 1937,
e paid an Old Age Pension to 609 workers in Synod who
‘after age 65. Of these pensioners 375 are still receiving
Age Benefit of $60 a month, or $720 a year. During the
en years the Lord called 214 in death, and 20 have either
he active again as servants in the Church or have otherwise
ed gainful employment, earning more than $120 a month
p now receiving only the actual earned retirement annuity
‘Pension Fund credits.

uring 1952 we entered upon our list of Pension bene-
$7 retiring workers whose average age was 69 years;
, average 70; 2 professors, average age 70; and 16 teachers,
vage 67. These servants of the Church had rendered an
f 44 years of service to the Lord.

“Their average Pension Fund accumulation from personal
ployer’s contributions is $2,580.48. The retirement annuity is
a year, or $18.92 a month, yet 35 receive the $60 Retirement
on a month, 1 $52.50 and 1 $30 a month. Synod supplies from
ppropriation to the Board of Support and Pensions a subsidy
to provide an Old Age Pension of $60 a month when all
and employer’s Pension Fund contributions have been
m October 1, 1937, to the date of retirement.

Retirement Annuity Only

‘Four other men, 1 pastor and 3 teachers who also retired
ie2,:are receiving only the earned retirement annuity which
ges $17.36 a month, because their wages from part-time work
y in excess of the ceiling of $120 a month. Nine other
aen receive only the Retirement Annuity. One disabled
“receives only her Disability Annuity and five pastors’
or former widows of pastors, receive only their Widows’

Disability Pensions

ecause of disability, during 1952, 19 servants of the Word
65, 17 pastors and 2 teachers, resigned and became
ceive the Disability Pension which Synod promises
ho participate in the Pension Fund with their em-
e cause of their retirement was: Nervousness, 6; heart
tuberculosis, 4; other causes, 4.

average accumulation from personal and employer’s
utio ons was $1,869.50. Their Disability Annuity was $98.52,
ionth. Yet Synod is paying a Disability Pension of $60
these 19. Others receive less than $60 a month because