Evening star., 1926-10-01
|S135,00O GOAL SET
| BY YPRESBYTER|ANS
Capital Quota in $15,0OO,000
Campaign for Minister'S
Retirement Fund.

Plans for launching in Washington
late this month campaign Tor ap-
nroximately $4,000 as the local
o,,ota, of q fund of $4,000, 900 to De
raised nationally for inauguratlng the
new retirement system for ministers
and missionaries of 1.-The presbyterian
Church were laid today at luncneon
meeting Of the Washington committee
of laymen and clergymen at the COS
mos Club.
After hearing representatives of the
national committee of laymen, OF
which Will H. Hays is chairman. ana
Secretary of the Treasury Mellon Is
treasurer, explain the details or the
retirement plan, the local committee
voted unanimous approval or the
campaign and set October 81 as the
date of the formal public opening or
the campaign.
Larner Is Chairman.
John b. Iarner. chairman OF the
Washington Presbytery's committee,
announced that while the national
committee had assigned quotas to
none of the presbyteries of the coun-
try it had been tentatively agreed
that Washington's quota should De
S133.650. This sum is per cent
above the 1925 benevolences OF the
Washington Presbytery and is COM
parable to sums being raised in other
sections of the country by PreSpy-
terian committees.
The committee voted to call a meet
ing of all Presbyterian ministers at
the Cosmos Club next Friday noon. at
which time the program would be
explained to them. On Sunday, Oc-
tober 81, the ministers are to explain
the campaign and the new pension
system to their congregations.
Tells How Plan will Work.
Rev. DR.. Reid S. Dickson of Phila-
delphia, associate secretary of the
Presbyterian Board of Ministerial Re-
lief and Sustentation, explained to the
committee today how the new pension
tirement plan could not be made
retroactive, he said, 1t is necessary
that 100000 be raised to care for
the retirement Of those who will reach
the age of 65 within the next Is years.
After that period the premiums of
10 per cent of each minister's salary.
to be paid 212 per cent by the minister
himself and ~ per cent by each
church. would provide a fund suffi-
cient to sustain the pensions.
Maximum pensions for Presbyterian N
ministers and missionaries under the
plan are to be $4,000, with the mini
mum at $500, rated according to years
Of service on retirement. Under the
present plan the maximum is $500 and
the average retirement provision for
the 1900 men and women on pension
is but $343.
Authorized Last May.
/ The new plan was authorized at
the last General Assembly, held in
Baltimore last May, when an open
campaign for the $15,000,000 was
agreed upon when reports were sub
mitted showing that during the previ-
Gus year quietly conducted drive
had failed
The fund never could be raised, Mr..
Dickson pointed out today, without
the support of the ministers from
their pulpits.
Representatives from each church
are to be appointed and will have COM
plete jurisdiction over the raising of
funds among their congregations
Local workers. however will have the
aid Of H. o. Williams, field representa-.
tive of the National Laymen's Com
mittee assigned to the Baltimore
synod, Of which the Washington Pres
bytery Is a part.