# LCMS Convention Proceedings_St. Louis Missouri_1944_S335
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

‘

Financial’ Matters . , 885

‘And: what about the costs? We do know that the last alloca-
t upward of a thousand dollars for regular and special
erk hire. Not only is allocation a laborious and monotonous task
‘those concerned, but it also seriously impairs the office routine
delays other operations which should be kept current. With-
out allocation it is possible to keep practically current on Pension
stings' at all times. That would mean that delinquency notices
juld be sent out promptly. That was not the case last fall. It
uld: also mean that there would be a true balance in all accounts
‘practically all times. Under allocation there is a true balance
ly: once each year, that is, as of September 30, the.end of the
eal year. But that true balance is not ascertained until several
ths later. It would mean further that the statements of their
unts would be intelligible to the members when they receive
once a year. Under allocation many members do not under-
d their statements, and none can prove them.

‘We repeat the suggestion of three years ago that Synod resolve
to. discontinue socialized allocation of employers’ contributions and
at it amend the Pension Plan by eliminating all reference to it.
‘Instead it should be required that each Pension account be kept

gnd commensurate action taken. The annual interest postings can
»be made with negligible disturbance to the routine work, as it can
“be anticipated months in advance.

W. H. ScHLUETER Cuas. E. GRoERICH
Tueo. W. EcKHART ‘A. W. Huce

On these two memorials Committee. 12 reported as’ follows:

Committee 12 has reviewed the report of the Board of Support
and Pensions (806), the memorial to have the allocation feature of
‘the Pension System discontinued: (807), and several unpririted
‘overtures submitted by the Pensions Conference and individuals.
Opportunity was given members of Synod to appéar before the
Committee and to present their views on pertinent matters. In ad-
dition, several members of our Committee were privileged to at-
‘ terid the Pensions Conference held prior to the convening of Synod.
.. As a result of our discussion we offer the following observations and
: recommendations: ;

It is obvious that the Board of Support and Pensions deals

vinced that the members of this Board are aware of their respon-
sibilities and that careful thought is being given to the ever-
increasing problems confronting the Church in many matters re-
lating to support and pensions. Particularly do we desire to call

osted currently, so that delinquency can be promptly discovered .

with a vital phase of the Church’s far-flung program. We are con-

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