# LCMS Convention Proceedings_St. Louis Missouri_1953_S666
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

670 FINANCIAL MATTERS

a willingness to extend

the a ass
workers; be it therefore Aer "0 cover even more “ of

the United States to hav
e the Federal Insuranc ibutj
extended to cover all church workers; and be it Font eutions Act
9 ‘ er

Resolved, That the contributi

Fs tribut
workers be reduced by one half. and.
Federal Insurance Contributions Act.

Approved in a re i i t
Seattle, Wash., held on Mare eeting of, Zion wutheran Chureh,

; Herman LL. Wren, Secretary
ACTION

of both congregations and
used as a supplement to the

teachers.

Upon recommendation of Committee 10 the follow _
ing reso.

Resolution 1

co
MMENDATION OF BOARD OF SUPPORT AND PENSIONS

wy . AND ITS SECRETARY
and Poe ‘s, ane ubmitied ve report of the Board of Support
, ed in the R i .
485 to 505, offers in understandable lene fe earls, rvey
of the work of the Board and its Executi

R
Executive Some we Board of Support and Pensions and its
ae tary be. commended for the intelligent and faithful
inistration of their office; and be it er “ee

Resolved, That the
y be encouraged to conti i
. y : ontinue th
| reheade all congregations and workers of Synod ot yen ee
icipating to support Synod’s Pension Plan, not yet Par-

FINANCIAL MATTERS 671

Resolution 2

CREASE PENSION ALLOWANCE FOR RETIRED WORKERS

. AND WIDOWS

Y WHEREAS, We are deeply appreciative and grateful for what
Fod has done in behalf of its veterans of the Cross and their
ndents, especially since the adoption of the Pension Plan in
ber, 1937; and
WueErEAs, It is also highly gratifying and commendable that our
egations or employers are responding favorably to Synod’s
estion of increasing their contributions to the fund at the rate
per cent each year, until they all reach 8 per cent by Jan-
1, 1954; and

Wuereas, We realize that even this last adopted method, while
Mcreasing the funds for further pension benefits, still does not
uately meet present-day requirements of the beneficiaries; and
WHEREAS, Present-day economic conditions have resulted in
easing the purchasing value of the dollar, thus making it
‘Yexceedingly difficult for our veterans of the Cross and their de-
pendents to live a normal life, especially if they have no other
'§ncome to meet current expenses besides that of the Pension
“allowance; therefore be it
° Resolved, That, beginning with February 1, 1954, the retired
worker be. granted a minimum of $100 a month and the widow
$60 a month, and that adjustments for disabled members be made

‘accordingly.

Resolution 3
INCREASE OF EARNINGS OF THE PENSIONERS, 10.47 b (3)
Wuereas, The cost of living has greatly increased these past
three years; and .
‘  Wuerzas, The ceiling adopted by Synod in 1947, namely, $90
a month, on the earnings from part-time activity on the part of
a pensioner no longer is in keeping with living costs; and
Wuereas, Synod’s Board of Directors has already, during this
‘interim, permitted the Board of Support and Pensions to operate
with a ceiling of $120 a month on the earnings from part-time
church or secular work; therefore be it
Resolved, That. 10.47b (3) be amended to read as follows:
“A worker retiring at the age of 65 or over shall be entitled to
receive his Old Age Benefits in full if his annual earnings from
church work and/or secular work does not exceed: an average of
$120 a month. If he receives average earnings in excess of $120.
. a month from church work and/or secular work, a corresponding
reduction shall be made in his Old Age Benefit; and be it further