# LCMS Convention Proceedings_St. Louis Missouri_1953_S669
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

676 FINANCIAL MATTERS

against this proposal and submits the following:

Since this is a i
question of practical wisd
° :
atfecting the temporal and material side of life naboee
Onscientious Christians may differ; therefore be it abo

Resolved,

Your Committee has car i
efully weighed the ar
suments fop
and

to include ministers and
other fessi
Social Security benefits law: phoressional church

Use of Pension Fund for Church Extension
(Memorial 813)

vial whe English District convention ad

submitted by the Chicago Pastoral Conference:

Encutse Disrercr
Rev. C. F, Danxworrz, Secretary
ACTION
Upon recommendation of Committee 11 Synod ‘resolved:

Resolution 7

We ,
REAS, There have been repeated requests from the Districts

of Synod for the use of Pensi
Chan Extension ng ension Fund money for the purpose of

FINANCIAL MATTERS 877

: HEREAS, There is a difference of opinion regarding the legality.
ting Synod’s Pension funds; therefore be it

hb Extension Funds; and be it further

Resolved, That all members of Synod having suggestions or
Mice with regard to this matter submit the same to the Board
Directors of Synod; and be it further

3 Resolved, That if Pension Funds can be legally invested in the
Bstrict and/or the General Church Extension Fund, the Board of
mustees of Synod’s Trust Funds be authorized to proceed with

-h an investment. -

Report on Synod’s Retirement Plan
for Lay Employees

: (Memorial 814)
‘;. Synod’s Retirement Plan for Lay Employees was authorized at
he Chicago Convention in 1947 and became effective as of Jan-
@ vary 1, 1948. Copy of the Retirement Plan booklet containing the
ig benefits of the Plan was sent to every agency of Synod.
: ... The Lay Retirement Committee is composed of the following
& members:
Re Mr. Walter H. Schlueter, ex officio (Treasurer of Synod)

‘ Mr. A. T. Leimbach, chairman
Mr. Charles E. Groerich, secretary
Mr. Wm. C. Krato, (Concordia Seminary)

Mr. Otto Seibel (Concordia Publishing House)

Mr. Milton Voertman (Concordia Publishing House)
Mr. Wm. A. Lahrmann (Concordia Publishing House)
Mr. O. A. Dorn, Advisory (Concordia Publishing House
Mr. Theo. W. Eckhart, Advisory (Synod)
Mr. Donald B. Warren, Advisory (actuary)

Your Lay Retirement Committee met regularly since it was
organized, and conducted all. the necessary business of the com-
mittee. ,

Mr. ‘Donald B: Warren of Nelson and Warren, Consulting Ac-

. tuaries, assisted in the development and administration of the Plan.
This firm rendered a complete and comprehensive report for the:
period ended December 31, 1949, which included a valuation bal-
ance sheet. A similar report as of December 31, 1952, is now in

process.