# LCMS Convention Proceedings_St. Louis Missouri_1938_S312 # Machine transcription, uncorrected — CHI Digital Archive (demonstration) 812 Financial Matters 1. It will encourage workers of advanced years who in view of the short period of service before them can expect only a nominal benefit from the regular pension to join the fund together with their congregations. 2. It will make it easier for workers whose strength is spent and who are no longer fully able to perform their official duties efficiently to retire without being subjected to a searching investi- gation into their personal circumstances. 3. The amount invested by Synod in this manner will do much to relieve the idle-candidate problem. In order to enhance the efficiency of this measure, we would recommend that Synod consider an increase of the minimum to $360 or even $400 a year. In this connection Synod might reconsider the resolution adopted in 1904 and repeated at almost every subsequent conven- tion, to the effect that all workers make an annual voluntary con- tribution for support through the solicitor to be elected by their respective conferences. Those workers who contribute 4 per cent. of their salaries to the Pension Fund should be exempted from that obligation, since by that very act they relieve the Board of Support of its eventual obligation toward them and their dependents. Respectfully submitted, Boarp or Surrort anp PENSIONS F. G. Kugnnert, Chairman Regarding the name and personnel of this board, Committee 15 recommended: 1, That the Board of Support henceforth be called the Board of Support and Pensions. 2. That the Board of Support and Pensions shall consist of ten members. a) Five of these shall live in reasonably close proximity to one another: one pastor, one teacher, and three laymen. These five shall constitute a subcommittee, with power to act in routine matters. b) Five members at large: two pastors, one teacher, and two laymen. These together with the subcommittee shall deter- mine more important matters. Action of Synod: These resolutions were adopted. In regard to the Pension Plan, Committee 15 reported: At the Cleveland Convention it was resolved: “That Synod institute a pension system for its servants of the Word; ee