# LCMS Convention Proceedings_St. Louis Missouri_1956_S639
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

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FINANCIAL MATTERS 639

from $30 to $60 a month, were put into effect February 1, 1954, with
the result that the monthly disbursements of Pensions and Sup-
port were increased from an average of $60,000 to $100,000.

Retirements

9. During the 1953 fiscal year 54 retiring workers— 41 pas-
tors, 12 male teachers, and 1 professor — applied for the Retire-
ment Pension, at an average age of 691% years. In 1954 we entered
66 applications for the Retirement Pension on our records —
42 pastors, 22 male teachers, and 2 professors—at an average
age of 714% years, and in 1955 requests for the Retirement Pension
were received from only 30 retiring workers—13 pastors, nine
male teachers, and 3 female teachers —- at an average age of
69 years. You will see from the above facts that the number of
retirements has fallen off somewhat. After January 1, 1957, we
may expect the number of retirements to be larger than it was
in 1955.

10. For a complete picture regarding retirements, we offer
the following tabulation:

still

Year Number _ Receiving Male Female Ret. Present

Retired Retired Pension Pastors Profs. Teachers Teachers Years Aver. Age
1938 ____. 15 1 1 17 94
1939 __... 28 5 4 1 16 85
1940 _... 33 6 4 2 15 84
1941 __... 34 13 7 1 5 14 86
1942 _.. 61 21 14 7 13 82
1943 __.... 31 13 10 3 12 81
1944 _.. §=6 43 16 11 5 11 79
1945 __. 49 20 12 8 10 79
1946 _.. 54 23 17 4 2 9 78
1947 _.. 931 21 11 4 5 1 8 78
1948 _.... 56 35 23 2 10 7 77
1949 _. 48 38 25 3 9 1 6 76
1950 _.... 33 al 16 5 5 75
1951... 52 38 28 2 7 1 4 74
1952 ___.. 41 26 16 1 8 1 3 73
1953 _.. 54 48 36 1 11 2 70
1954 _... «66 57 35 2 19 1 1 71
1955 _.... 37 33 21 1 9 2 69

766 435 291 17 118 9

average age was 54 and who had served an average of 31 years.

Disability Retirements

11. During 1955, 17 workers resigned because of disability,
10 pastors whose ages averaged 51 years and who had rendered
an average of 25 years of service, and 7 male teachers whose

12. Each year a number of disabled servants of the Word