# LCMS Convention Workbook_St. Louis Missouri_1969_S488
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

STEWARDSHIP AND FINANCES; RETIREMENT AND BENEFITS

475

Exhibit “E”

SUMMARY OF BENEFIT PAYMENTS FOR THE YEARS 1965—1968

Type of Benefit 1968 1967 1966 1965
CONCORDIA WELFARE PLAN
Medical Expense — Health Care __...........- $1.761.158 $1,545,960 $1,081,371 $271,889
Disability Income — Salary Continuation 173,242 131.989 75,202 342
Death Benefits
Worker .......2-2cc2cccecceeeceneeeeeeeeecoeeseeerees $200,885 $156,699 $133,023 $47,513
Dependent -..........0..-125 seeeeeeeeeee reece 31,255 232,140 37,909 194.608 23.862 156.885 7,530 55,043
Total Welfare Plan Benefits Paid $2,166.540 $1,872,557 $1,313,458 $334,274
CONCORDIA RETIREMENT PLAN
Retirement Benefits
Regular Retirement .............----------- $ 80,275 $ 57,682 $30.219 $ 79
Disability Retirement .......-..--..------------ 29,203 $ 109,478 17,010 S$ 174,692 2.893 $ 33,112 — $ 79
Dependent Benefits
Worker Died Active —.............-------e+ $254,936 $161,733 $ 69,938 $14,678
Worker Died Retired ..............----------- 4,762 259,698 1,027 162.760 20 69,958 — 14,678
Death Benefit — Lump Sum ...... _..... .-----. 2.807 1,973 69 —
Total Benefits Paid ........-.....-------- $ 371,983 $ 239,425 $ 103,139 $ 14,757
Less Amounts Applicable to
Lay Retirement Plan .......--------- . 69,224 51.960 28,840 —
Total Applicable to Con, Retr. Plan .... $ 302.759 $ 187.465 $ 74,299 $ 14,757
Exhibit “F” 95:31-46, James 2:14-18, 1 John 3:13-18; 4:13-21, etc.);

Board of Managers.
Concordia Retirement and
Welfare Plans of
The Lutheran Church — Missouri Synod

We have examined the financial statements of the Con-
cordia Plans of The Lutheran Church — Missouri Synod as
of December 31, 1968. Our examination was made in accor-
dance with generally accepted auditing standards, and ac-
cordingly included such tests of the accounting records and
such other auditing procedures as we considered necessary
in the circumstances.
Our examination did not include a review of the ac-
tuarial basis of the Concordia Retirement Plan, upon which
an independent report is made by the Plan’s consulting
actuaries.
In our opinion, subject to our comment on the actuarial
basis of the Concordia Retirement Plan, the accompanying
statements of financial condition and related summaries of
operations present fairly the financial position of the Con-
cordia Plans of The Lutheran Church — Missouri Synod at
December 31, 1968, and the results of their operations for
the year then ended, in conformity with generally accepted
accounting principles applied on a basis consistent with that
of the prior year.
Tracy B. Witton & COMPANY
Certified Public Accountants

St. Louis, Missouri

February 10, 1969

(12-07)

To Engage in 30-Million-Dollar Offering
for Relief and Inner-City Ministries

Wuereas, Christianity exists in a struggling, con-
fused, and rapidly changing world wherein poverty, dis-
ease. malnutrition, and starvation are needlessly de-
stroying tens of millions of lives annually; and

Wuereas, The vast bulk of our Synod’s, Districts’,
and congregations’ financial efforts (including the recent
Ebenezer offering) seems to be directed to self-service
programs, however good these programs may be: and

Wuereas, Such ecclesiastical self-service in the midst
of almost unbelievable suffering by many millions, both
at home and abroad, seems contrary to the whole min-
istry of mercy and healing as seen in the lives of Christ
and the apostles in the New Testament (cf.. e. g., Matt.

and

Wuereas, The opportunities for rich and total min-
istries in our nation’s huge metropolitan inner cities
seem ripe and limitless, while our pastors and parishes
engaged in such ministries generally suffer from a gross
lack of financial resources; and

Wuereas, Our current synodical and congregational
concern for building new buildings is one of several
emphases which prohibit us from engaging in the afore-
mentioned Christlike ministries on a large scale basis;
therefore be it

Resolved, That the Synod engage in a large, special
$30,000,000 offering to be gathered over a 2-year span,
the funds to be divided as follows:

Lutheran World Relief
Inner-city Research and Ministries

and be it further

Resolved, That synodical officers be directed im-
mediately to effect revisions and additions to our annual
budgets to clear the way for a much greater synodical
ministry to poor, oppressed, diseased, and starving peo-
ples; and be it further

$15,000,000
$15,000,000

Resolved, That to implement these resolutions, the
Synod declare an immediate moratorium on all synodical
building programs -not yet begun, except for any such
programs as may be directly and explicitly designed
to effect immediate economizing measures; and be it
finally

Resolved, That the Synod advise all her Districts
and congregations to undertake similar financial re-
forms, building moratoriums. ete. and provide them
with necessary counsel and help the better to conduct
such ministries of Christian compassion within their

own environs. REDEEMER LUTHERAN CHURCH

Fort Wayne, Ind.

Hersert LINDEMANN, Pastor
Mack GoerGLeIN, Pastor

Paut SAUERTEIG, Chairman
MicuaeL E. WENDT, Secretary