# LCMS Convention Proceedings_St. Louis Missouri_1956_S640
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

640 FINANCIAL MATTERS

by death. This was the largest number of reported deaths since
the Pension Fund was inaugurated. Forty-three were retired
workers — 28 pastors, 11 male teachers, 3 professors, and 1 woman
teacher. Their average age was 74. They had rendered service
in Synod before retirement for an average of 45 years each and
had enjoyed an average of 6 years of retirement. The Pension
benefits paid to these 43 retired and now deceased members
average $5,089.27 to each. Twenty-eight of the 43 deceased retired
members referred to above were survived by widows who have
since been included with those widows who are receiving the
Widows’ Pension. .

14. Thirty-three workers who had not yet retired were also
called to the Church Triumphant. Twenty-seven were pastors,
4 were teachers, and 2 were professors. Their average age was
63 years, and they had given an average of 39 years of service
to the Lord. All but one of the 33 were survived by widows, who
now also receive the Widows’ Pension.

15. The Death Benefits paid in the cases of 73 of the above-
reported deaths totaled $35,300. In three cases no Death Benefit

was paid because the respective Pension Fund accounts were
delinquent.

Support Cases

an average of $45 a month.

17. The cost of the pensions remitted in 1955 was reduced
by $114,994.76 which represents the actual annuities due from

$1,180,750 to make Possible the payment of the $100 monthly

Retirement Pension and $60 monthly Widows’ Pension.

Continued Subsidy Necessary
18. It will be necessary to continue such subsidy of Synod’s
Pension for at least another 15 years when the accumulations to
the credit of the individual Pension Fund member should be in

ar
the
$1é
Pe

yei
rel

bi

9

ete at eg

RP EFT