# LCMS Convention Proceedings_St. Louis Missouri_1953_S659
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

FINANCIAL MATTERS 659

sioners out of the 372 are already receiving Support, aver-
$15.61 a month, in addition to‘their Pension. 7 of the 15
iat Old Age Beneficiaries are receiving Support, averaging
£99 a month, in addition to their Pension. 19 of the 39 disabled
Eon Fund members are receiving Support averaging $84.28
nth. Increasing all Pensions to these 426 pensioners to an
% yal Pension of $900 a year will entail an additional appropriation
B50. We have 471 widows receiving a Pension. Of these, 155
pady receive Support averaging well over $18 a month, in addi-
#, to their Pension. To increase the Widows’ Pension from $360
50 a year will require a further appropriation of $30,300.

1, We have an average of 25 additional Retirement Pensions
a d to our roll each year. The additional cost would be $4,500.
M-new Widows’ Pensions are usually added to our Pension roll
ch year. This would require an additional outlay of $3,600.

a 52. We believe firmly that Synod wishes our veterans and their
sidows to receive a more adequate Pension and will therefore not
esitate to increase the Pension to $900 a year to the retired
yorker and $450 a year to the worker’s widow even though the
ptal increased cost is $96,000.

s¢. 58. We submit for your information our budget appropriation
or 1953:

tension and Support Benefits in 1953 _......___.._.._. $782,000
Minus Pension Credits —_—_-—____. __. ‘

Cost to Synod in behalf of 1,275 beneficiaries ____ $715,000
ixecutive Office Operating Expenses ____ _— 22,000
‘andidate Subsidy a 15,000
eath Benefits —_——— 32,000
iccounting Department —..- 24,000

Our Budget Appropriation for 1953 is __...____ $808,000

faving given you the above information, we now submit for your
onsideration the following recommendations:

54.
Increase of Old Age Pensions, Disability Pension, and
Widows’ Pension
(Refer to 10.47 b(1), 10.47 c, and 10.47 d)

a. In February, 1952, the chairmen of the District Boards of
Support and Pensions throughout Synod met in the Lutheran
3uilding with the Board of Support and Pensions for a two-day
onference. This group resolved to submit the following overture,
vhich our Board herewith approves and makes its own.

b. Wuereas, We, the Pensions Conference of District Chairmen