# LCMS Convention Proceedings_St. Louis Missouri_1959_S285
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

:

SUPPORT AND PENSIONS 285

time would necessarily increase the amount of subsidy required;
and

Wuereas, The Synod now makes provisions for additional sup-
port, based on need, beyond the retirement pension to retired
members; therefore be it

Resolved, That the minimum pension remain at the present
level ($100 per month).

Action: This resolution was adopted.

Change of Restrictions in Synod’s Pension Plan
RESOLUTION 3C, COMMITTEE 10
Wuereas, The Social Security Act is a social insurance plan;

and
Wuereas, The Pension Plan of the Synod is now a subsidized

annuity program; and

Wuereas, A program of unlimited earnings is incompatible
with a subsidized pension plan; therefore be it

Resolved, That the limits of earnings be retained for retired
members even upon reaching the age of 72.

Action: This resolution was adopted.

Reducing the Rate of Contributions of Older Workers

RESOLUTION 4, COMMITTEE 10

Memorial 813, page 643, Reports and Memorials

Wuereas, During the development period of Synod’s Pension
Plan there are varying amounts of subsidy included in the min-

imum pension payments; and
Wuereas, The varying amounts of subsidy are necessary to
conform with Synod’s policy of providing a minimum pension; and
Wuereas, After the Pension Plan becomes self-sustaining, it

will be to the member’s benefit to contribute the full percentage in
order to increase the amount of his pension upon retirement; and

Wuereas, The Pension Plan was founded on sound principles
to establish and develop a self-sustaining pension plan; therefore
be it

Resolved, That the present rate of contribution be continued
regardless of the age of the member.

Action: This resolution was adopted.