Collection › LCMS Convention Proceedings (St. Louis, Missouri) › 1926 · 33rd Convention, Holy Cross Church › Sheet 220

LCMS Convention Proceedings St. Louis, Missouri — 1926, Sheet 220

Scan: The Lutheran Church—Missouri Synod

Transcription machine transcription, uncorrected

Ey. Luth. Synod. of Missouri, Ohio, and Other States. 1926. 219.

Pernsion.

Regarding the introduction of a partial pension system for such
ministers of the Word as have served a certain number of years and
have reached a certain age (see Synodalbericht of 1923, p. 184, § 3),
the Support Conference passed the following resolutions: —

“TI, Wuereas, The question of General Pension has been exten-
sively considered by the Support Conference and presented to many
conferences and Districts for their deliberation without any feasible
solution of the problem; and

“WHEREAS, Upon expert study and survey of the feasibility of
a General Pension system, it has been found that it would require
two funds which are not now available, viz.: —

“1, A requisite Endowment Fund to cover ‘accrued liabilities’ for
service rendered;

“2, A requisite reserve fund to cover ‘accruing liabilities,’ that i is,
liabilities for services to be rendered; and

“WHEREAS, The acquirement of such funds would necessitate

“1, The proportionate enlargement of our present Endowment
Fund to cover accrued liabilities and

“2. Instead of voluntary non-voluntary contributions toward a re-
serve fund by all active men in the service of the Church to cover
accruing liabilities; and

““WueErEAS, The experience of other church-bodies demonstrates
that a 1 per cent. payment (M. E. Church) for annuity service under
the plan of non-voluntary contributions for the reserve fund>»is en-
tirely inadequate, but, instead, the payment of 714 per cent. (Epis-
copal Church), or $150 on a $2,000 salary, would necessarily be re-
quired; therefore be it

“Resolved, That we, the Support Conference, cannot at the
present time recommend a General Pension system.

“TI. WHEREAS, Even under a General Pension system ‘necessitous
cases’ arise which require additional support over and above the pay-
ment provided on the basis of mere annuity service, and the degree
of such need must be ascertained by a special investigation; finally,

“Wuereas, Our present system permits of an adequate support
for all beneficiaries; therefore be it

“Resolved, That under existing conditions we recommend the
continuation and financial strengthening of the present method of
support.”

The Conference also resolved to cancel the sentence about the

“pension of those who had reached the age of sixty-eight, which had
-been adopted in 1922.