# LCMS Convention Proceedings_St. Louis Missouri_1935_S300
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

EES ST

288 Proceedings of Thirty-Sixth Regular Convention,

benefit; and other similar details. Your Committee is of the opinion
that these are questions which should be considered and decided upon
by a committee chosen by Synod if the present committee’s suggestions
submitted above meet with favor, and such new committee may then

along the lines Proposed above,
Respectfully submitted by your

Commirree on Pensions.
F. J. Lanxeyay. F. Geru. Kueuyerr. A, W. Huar.

A reliable actuary compiled the following illustrations of the monthly
life annuities derived from the outlined plan by a worker and his survivin

widow for an 8-per-cent, annual contribution on a salary of $1,200 ($48
from the worker and $48 from the congregation or board) at varioug times
of entry and retirement. The figures are based on the assumption that
the accumulation earns interest atthe rate of 4 per cent. Tf the present
unusually low rate of interest on safe investments (about 3 per cent.)
continues, the annuities will be reduced in Proportion.

Amount of Annuity Amount of Annuity

Age of Entry Age of Retirement

for Worker for Widow
(payable monthly) (payable monthly)
i: 25 68 $98.96 $49.48
35 68 59.56 29.78
F 45 68 82.94 16.47
. 55 68 14.96 7.48
i 25 35* 5.28 2.64
25 45* 14.80 7.40
25 55* 33.78 16.89
25 65* 76.58 38.29

" Disability cases,
Report of Committee 29-—