World survey by the Interchurch World Movement of North America : revised preliminary statement and budget .. . chyear (based on a minimum of $1,000) to coverthe old age annuity; additional dues to coverother benefits. In working out the plan actuarial determina-tion was made as to the annuities which couldbe purchased by accumulated credits undervarying conditions. The amount of the annuity resulting from thepayment of $60 annually during a period of 35years, closing at the age of 65, was $—more than .50 per cent, of the assumed salaryof $1,000. NUMBER OF BENEFICIARIES THE number of min
World survey by the Interchurch World Movement of North America : revised preliminary statement and budget .. . chyear (based on a minimum of $1,000) to coverthe old age annuity; additional dues to coverother benefits. In working out the plan actuarial determina-tion was made as to the annuities which couldbe purchased by accumulated credits undervarying conditions. The amount of the annuity resulting from thepayment of $60 annually during a period of 35years, closing at the age of 65, was $—more than .50 per cent, of the assumed salaryof $1,000. NUMBER OF BENEFICIARIES THE number of ministers in seventeen re-porting denominations who may in timebecome eligible to old age benefits is 73, number reported by these churches as nowbeing beneficiai-ies is 15,772. The returns areincomplete and difficult to classify. In somedenominations eveiy retired minister, minis-ters widow and dependent orphan child isautomatically a beneficiary; while in othersformal application and action is required. 292 Ministerial Pensions: MINISTERIAL SALARIES AND PENSIONS If ill* ^ HelpPerpehiate theNinistiy. ODS great army of min-isters, missionaries, etc.,must be continually re-plenished with new the young man with minis-terial aspirations, whose life isyet before him, the vision of agedministers who have passed their daysof usefulness is a discouraging suggestion of that ill-matchedpair—age and penury paralyzes hisambition and too often he does notheed Gods call but turns to gainful occupations. Thechurch cannot stand by and permit this impression togather momentum. The young man must be assured ofa brighter prospect for the future. Provide for Aged Ministers and this obstacle will be removed. The future will hold barrier will be raised. Recruits will not refuse the minis-try before they see the larger meaning of the Divine Call. MINISTERIAL SALARIES AND PENSIONS: Ministerial Pensions 293 from $100 to $200 200 to 300 300 to 400 400 to 500 500
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