# LCMS Convention Proceedings_St. Louis Missouri_1953_S671
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

680 FINANCIAL MATTERS

Concordia Publishing House, and other agencies of S
corporate existence by authority of Synod”; and
th > WHEREAS » The Plan was amended as of January 1 19
a retirement benefits are reduced by one half the am Pt, 80
any primary insurance amount to which a retiring em lowe of
enti led or would be entitled under the Old Age Tnsuran, 7
its Provisions of the Social Security Act and so that on Bene-
contributions into the Retirement Fund are reduced by th plover
of any taxes incurred in connection with that Act; and © Smount
Wuereas, Under the provisions of the Plan every emplo
yee
retirement benefits therein i i
"men provided, irr i
contributions into the Retirement Fund: “a “f Smployer
Whereas, Certain a i
. 8encies of Synod have mad
: f ; € no contriby.
ions into the Retirement Fund and others, particularly some ot

tributions on account of thei
eir employees’ now bei
the Federal Social Security Act; and ene Covered under

Wuereas, The Retirement Commi
S, mittee appointed b ¥
Board of Directors is charged with the administration of he wes

therefore

Te Resolved by this convention of Synod assembled in Housto:
x., on June 17—27, 1953, that any agency of Synod desiring not te

employed by such agency; and be it further

Resolved, That the Board of Directors of Synod shall determine

aaa of euch any such exclusion shall be effective and
action by filing a written re ort th i
Secretary of the Retirement Committee. ° sree with the
A. T, Lemeacu, Chairman
Cuartes E, Grorricn, Secretary

nod as hays ~

FINANCIAL MATTERS 681

” ACTION
f+Upon recommendation of Committee 11 Synod resolved:

Resolution 8
e WHEREAS, The plan presented by the Lay Retirement Com-
Riittee (Reports and Memorials, pages 509, 510) appears to be
factical and reasonable; and
85: WueEreas, A clarification of this question and a definite ruling
by Synod in this matter is greatly desired; therefore be it
& Resolved, That we adopt the resolutions of the Lay Retirement
Committee.
‘Keymen Insurance” for Those Who Travel for Synod
E (Memorial 817)
—° We memorialize Synod to adopt a policy to carry what is
K known as keymen insurance for those who travel in the interest
3 of Synod. THe Concorpia Circurr Pastorat CONFERENCE
Rev. R. J. Deve, Secretary

ACTION
Committee 11 recommended and Synod resolved:

Resolution 9

Wuereas, This question requires more study than is possible
’ here in convention; and

“4 WuereEas, Many details of information essential for reaching

_a decision are lacking; therefore be it

Resolved, That we refer Memorial 817 entitled “‘Keymen In-
surance’ for Those Who Travel for Synod” to the Board of Direc-
tors for further study and action.

Advance Scholarship Fund to Be Made
Budgetary Item
(Memorial 818)

Wrereas, The Lutheran Church — Missouri Synod now has an
Advance Scholarship Fund to enable prospective professors — with
capabilities, but lacking the necessary credits—to obtain such
credits through further study; and

Wuereas,. Gifts. of $250 to $500 are now solicited from the
various Districts to finance this project; and

Wuenreas, This is not a District project, but one of Synod itself;
therefore be it

ed