# LCMS Convention Proceedings_St. Louis Missouri_1938_S313
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

RI errr ree ape

ee

Financial Matters 818

“That the pension plan be elastic and flexible in order to fit
the various conditions and possibilities obtaining in Synod;

“That the plan be based on a safe and sound actuarial founda-
tion.”

To carry out the proposed pension system, it was furthermore
resolved:

by Synod’s Board of Directors and the College of Presidents;
“That the Board of Directors be authorized to make the neces-
Sary expenditures incurred by the establishment of a pension

a pension system on October 1, 1937.

When the plan was instituted, more than 600 workers and 350
congregations had registered, practically all District boards had
voted to participate, the Fiscal Conference had added the neces-

gregations have not as yet given the pension system serious con-
sideration, the results thus far attained are most gratifying. Be it

Resolved, That a hearty vote of thanks be given the Board
of Support as well as the Advisory Committee for services faith-
fully rendered,

Since the Pension System is now Synod’s system of support,
all workers and congregations are earnestly urged to make Synod’s
system, if possible, their own.

We note with satisfaction that the system has been instituted
and operated with a minimum of overhead expense, or service
charge. The creation and equipment of a new office was avoided.
The office of the Board of Support, now called Board of Support and
Pensions, has charge of the executive functions, our Fiscal Office