# LCMS Convention Proceedings_St. Louis Missouri_1944_S334
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

834 ‘ “- Financial ‘Matters

‘name: “Graduate of 1944,” the treasurer will understand why you
pay only 2 per cent. :

5. If you ask your treasurer to deduct the 2 per cent from.
.your salary and send them along with the employer’s 4 per cent,
both.you and we will save. ‘ :

6. The greatest of all thieves is Procrastination. Whatever . '
may be the obstacle, please write us.

7. Synod’s instruction to assist those who are unable to con-
tribute (Proceedings, 1941, 381) makes participation ‘possible for
all. Your communication will be considered confidential,

8, Our Pension Manual is out of print. You will receive a copy
as soon as it comes from the press,

Boarp oF Support anp PENSIONS

F. A. Hertwic Avotrn W. OseRMANN
- Tueo. M. Koscus C. H. Denning
GEorGE WEICLE ” Taro. Dorrie

Avcust Ecczrpinc. J.J. Outs”
Rev, F. G. Kvueunert, Chairman

Pension Plan Allocation to be Discontinued
(Memorial 807)

Discontinuance of socialized allocation of employers’ contri-
butions as a feature of Synod’s Pension Plan was advocated three ;
. years ago. Our daily contact with. the Plan during these three
years has convinced us that all the objections made to socialized
allocation at that time are still valid and that, if anything, the
objections were understated,

Three years ago the arguments advanced were sufficiently con-
vincing to persuade both the Support Conference and the respective
Convention Committee that socialized allocation: of employer's
contributions did not justify itself and might well be dispensed
with, and the latter Committee so reported to Synod. We hope
to bring facts and arguments this year which should be even
more convincing,

Let us deal briefly with the element of benefits. We shall.
bring data to prove that the member receiving a salary below the
“average was aided by allocation to the extent of only $3.25 last
year. In thirty years that would add to his reserve with interest
‘about $200.00, and if he were to retire at age sixty-five after thirty
years of service, allocation ‘would have added about $13.00 to his
annuity, or about $1.08 monthly. These sums are given as aver-
‘ages. - Some few would gain more than that. A majority would
‘gain less, -