LCMS Convention Proceedings St. Louis, Missouri — 1932, Page 243

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Ev. Luth: Synod: of Missouri, Ohio, and Other States. 1932. 948..

Report of Committee. 19:—

We recommend that Synod instruct-its Board:of Support to insert
under the “Directions for Applicants” on its questionnaire the follow- :
ing paragraph : —

“Although the Church cheerfully acknowledges its obligations to
help support the incapacitated pastors and teachers and their depen-
dents, yet we would not have this understood as absolving children and
near relatives from their Scriptural duty.” .

Synod adopted this recommendation of Committee 19.

Adoption of Pension System.
(Memorial 614.)

Wuergas, Various church-bodies have established a pension
system for the benefit of their servants;
Wuereas, Synod already in 1917 instructed its Board of Support
to submit a plan for a pension system to Synod in 1920;
Wuereas, In the estimation of many the time for the establish-
ment of such a system is ripe; therefore be it
Resolved, That we petition Synod to elect a committee which
together with the Board of Support work out a pension system and
submit it to Synod in 1935.
(From Twin City Conference, adopted at a meeting
in Concordia College, St. Paul, Minn., February 10,

1932.)
Cart S. Munpincer, Chairman.

W. Wattuer, Secretary.

The Western Conference of the Ontario District submitted the
following overture regarding pensions (Memorial 613) : —

1) We recommend that every student at our synodical colleges
and seminaries be required to pay an annual tuition-fee of $50,
payable in semiannual instalments. Only in exceptional cases shall
this amount be paid by the District Boards of Support.

2) This tuition-money shall be invested in sound securities,
yielding at least 414% interest, and the interest is to be reinvested
semiannually. The amounts paid in by such as discontinue their
studies or do not enter the service of the Church within five years
after graduation from the seminaries or normal schools shall be paid
into the Synodical Treasury.

3) At the age of sixty-five the annuitant shall be paid either an
annuity for life or a last-survivor annuity for himself and wife, both
based upon annuity tables in general use.

4) A person in the service of the Church may after his gradua-
tion contribute to this fund further sums of money, which shall be
credited to his account, and thus raise the amount of the annuity.