Collection › LCMS Commission on Constitutional Matters — Minutes (St. Louis, Missouri) › 1962–1964 › Page 11

LCMS Commission on Constitutional Matters — Minutes St. Louis, Missouri — NOVEMBER 2, 1962, Page 11

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Source: LCMS Commission on Constitutional Matters minutes, file copy

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Exhibit 'C"' cont'd (2)

annuity for such Worker upon his retirement or disability; provided, how-
ever, that if the other synod to which such Worker shall have transferred
shall cease to be in fellowship with Synod prior to retirement or disability
of such transferred Worker, the individual account of such Worker shall

be closed, and there shall be refunded to him only the amount of his own
contributions to the Pension Fund plus interest theretofore credited thereon;
and provided further, that after such transfer of membership, such Worker
shall not be entitled to make any further contributions to the Pension Fund,
or to receive any benefits under the provisions of Section 10,47, and no
further contributions to the Pension Fund shall be received on his behalf.

At the time of transmitting assets in accordance with the foregoing pro-
visions, the Board shall cause to be delivered, to the Worker and to the
recipient of such assets, a statement indicating the portion of the amount
transmitted which represents, respectively, the amount of such Worker's
own contributions, his employers' contributions, and the amount of
earnings which have been credited thereto. "