# LCMS Convention Proceedings_St. Louis Missouri_1944_S340
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

340 Financial Matters :

traditional Board of Support. To help attain this goal, we recom='#
mend that it be

Resolved, That Synod urge her members, as
remember also the Pension Contingent Fund
nuities, gifts, and memorial wreaths.

good stewards, to’
with bequests, an-"

IX .

We call attention to an unprinted memorial asking Synod “to :
consider the question whether the Pension Fund should be in-:
corporated as a. separate legal body.” The advice of counsel fs.’
urged by the petitioner, who also requests a report on this matter
for the 1947 convention. :
We have considered the overture and have requested the
guidance of Synod’s Counsel, Our information is that this question
th when Synod’s Pension Plan came into
ery complete legal opinion held it to be un-
t advantage to the Pension Fund to be in-
rate legal body. We therefore recommend

necessary and withou
corporated as a sepa
that it be

Resolved, That Synod do not enter upon this matter.

ACTION
This report of Committee 12 with its resolutions was adopted.
The following additiona

mittee 12.

A request came before your Committee through an unprinted
overture to clarify the Situation regarding members who retire ..
to receive their Old Age Benefit and who have other sources of
income. We believe that the following sentences should be ac-
cepted as Synod’s interpretation: .

1. A worker retiring at the age of 65 is entitled to receive .
his Old Age Benefit without question regardless of the amount or
the source of his income for any secular work,

2. A worker retiring at the age of 65 shall be entitled to re-

ceive his Old Age Benefit in full if his income from church work
does not exceed $40.00 per month.

1 report: was brought in by Com-.

3. In all borderline cases the Board of Support and Pensions:
Shall be the judge, basing its verdict upon the principles of right, .
tempered. with Christian love and charity,

. i
ACTION
This report was adopted in the above form.