# LCMS Convention Proceedings_St. Louis Missouri_1944_S326
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

326 . Financial Matters

II. Pensions

Tequest Synod ‘w of the fact that Practically
all our seminary graduates at first receive a limited salary, and
for other good reasons, they will be admitted into membership
at half rate, respectively three-fourths rate, and Synod will supply ©
the other 2 per cent of their contribution for two years and 1 per
cent for the following two years, provided that payment is made
from the date when the Sraduate became eligible for membership
and that the employer is Participating in full,

-B. Statistics
Total Registration on January 31, 1944

Pastors _ Tectia nee 2,955
Teachers _ - 1,051
Professors oo ya rrcrtetennreenenenernannneneeetnee en, 163
Workers Not Serving Congregations -- 207
Female Workers sentence tense senenetenecneene — - 84
; 4,460
members Died ee :'-)
Members Retired woe : ~ 212
Members Withdrawn areeesceeeeccneed neces 53
— 457
Total Active Members ene 4,003
Congregations i — 2,436
Institutional Boards ____ is oo 37.
Synod’s and the Districts’ Salary-paying Boards 49
Pension Fund Balance, January 31, 1944 wane $1,979,537.89
Disbursed for “Death Benefits (Total) 39,375.00
. One Year’s Growth
Workers Congregations Balance
January 31, 1944 ' 4,460 2,436 $1,979,537.89
‘January 31, 1943 4,006 2,041 1,317,784.91

455 (11%) 395 (19%) $ 661,752.98 (50%)

C. Why a Pension Fund?

1. There can be no doubt as to the import and intention of
the unanimous institution of the Fund in 1935 and of the 1938
‘resolution that “the pension system is now Synod’s system of
support.” This means that Synod has replaced the traditional z
manner of doling out Support according to need and those never-
ending investigations by a more “decent and orderly” system.

No one ever discovered a Scripture Passage prohibiting this

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