# LCMS Convention Proceedings_St. Louis Missouri_1941_S384
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

884 Financial Matters

Fund Treasury (which now is the case). Whenever an addition
$500,000 is available ($1,000,000), another $500,000 is to be trans
ferred from the funds above mentioned to the Pension Fund ;
And this is to continue from time to time. This will build up...
a reserve of from 50 to 75 per cent. of the capital, This will make
the entire Pension System more secure. In fact, it may be safe
to guarantee a certain fixed amount to pay at retirement, based
on the length of time paid in. If this is done gradually, it -wil]
not rob. the Board of Support Fund as payments from the Pension
Plan will begin to operate,

other facts connected with it. The cost of $1,000 insurance is from
$1.25 to $1.50 a month. $500 would be just one half of this amount.

The worker (pastor, teacher, etc., in our case) pays no more than
60 cents a month. The employer (congregation or Synod in our
case) pays the balance, 75 cents, if we base this on $1.35 a month
for $1,000 insurance, $500 would be just one half of this amount.

to figure on.

Conditions, — No examination necessary. Insurance payable
at. death. No reserve. Only workers in U.S. A. and Canada
eligible. 75 per cent. of all pastors, teachers, candidates, and pro-