# LCMS Convention Proceedings_St. Louis Missouri_1941_S385
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

Financial Matters 385

‘Following are the amounts suggested and the cost to ‘the
red: Pastors below the age of sixty receive a policy of $2,000;
sé sixty years and older, $500;. candidates, $500; teachers
60, $1,000. .

Cost to Pastor Congregation Pension Payments
per Month per Month Pastor Congregation
30 38 YW, of 1%, .0025 ¥ of 1%, .0032
60 75 ¥% of 1%, .005 % of 1%, .0063
1.20 1.50 1%, .01 1%4%, 0125

The above is based on the average salary. Higher salaries
d be on a lower basis and lower salaries on a slightly higher

All sections in the present Pension regulations in conflict with
@,.recommendations are hereby repealed.
Should the Synod act favorably on these changes, we suggest
special committee be appointed by the President of Synod,
isting of two pastors, one teacher, and two laymen, who are
tudy especially the group-insurance plan, also with whom to
ace the insurance, and submit their findings to the Board of
Directors of Synod. If the Board approves these findings, they are
é published in the synodical organs and to go into effect within
ree months after the date published.
Respectfully submitted,

A. H: AHLBRAND
Report of Committee 12

We recommend that Synod reject this memorial advocating
‘group insurance and the transfer of the L.L.L Endowment Fund
: e Pension Fund.

* Action of Synod: This recommendation was adopted.

Synod’s Pension Plan
(Memorial 809)

On the basis of this memorial, Committee 12 recommended
he following:
' 1. That a worker who is now eligible and has not yet joined the
’'Pension Plan but who joins before March 31, 1942, shall be granted
‘full special death benefits of $250 provided he has been a member
of the Pension System for at least six months and who with his
alary-paying organization has made the required contributions,
and $150 death benefits if his salary-paying organization has not
articipated. After this time the present regulations shall apply.

2. We recommend that every eligible worker who, and every
salary-paying organization which, for reasons deemed insuffi-
cient by the District officials and the Board of Support and Pen- |
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