nineteen hundred and forty-six - Amazon Web Services

RELIEF AND ANNUITY BOARD 469
Plan "A" offers membership to all pastors of churches affiliated with any of
the twenty state conventions of the Southern Baptist Convention and the District
of Columbia, and is designated Widows Supplemental Annuity Plan for
State Conventions.
PJan "B" offers the same protection to all other denominational servants,
whether state or southwide, and is designated Widows Supplemental Annuity
Plan for Boards, Institutions, and Agencies.
The plans are so integrated members may transfer from one state convention
to another, or from one type of service to another, without jeopardy.
It is hoped both forms of the plan can be inaugurated as of July 1, 1946. The
terms of the certificate of membership in Plan "A," together with certain explanatory
notes, follow.
WIDOWS SUPPLEMENTAL ANNUITY PLAN FOR STATE
CONVENTIONS OBJECTIVE
The objective of the Widows Supplemental Annuity Plan is to establish a
uniform program throughout the Southern Baptist Convention to provide annuities
for widows of members of a Ministers Retirement Plan of a State Convention
(hereinafter referred to as the convention) of the Southern Baptist Convention,
administered by the Relief and Annuity Board, where such members die before
entering upon an age retirement annuity or who die while receiving a disability
annuity provided under a Ministers Retirement Plan.
PLAN
The Widows Supplemental Annuity Plan (hereinafter referred to as the
Plan) shall be administered in-accordance with the following provisions:
(1) Member Contributions—The contributions of the member (hereinafter
referred to as member contributions) shall be the following percentages of the
salary basis:
Attained Age at Beginning of Fiscal Year Contribution
Up to 59, inclusive lVz%
60 to 69, inclusive 2 %
70 and up 2%%
(2) Convention Contributions—The contributions of the convention (hereinafter
referred to as convention contributions) shall be amounts equivalent to
the contributions of the members and shall be in addition thereto.
(3) Salary Basis—The salary basis shall be the basis upon which the member
is paying contributions under a Ministers Retirement Plan. The maximum
salary basis shall be four thousand dollars ($4,000) per year.
(4) Fiscal Year—The fiscal year of the Plan shall begin on July 1 of each
year.
(5) Protection—In event that the full member contributions and convention
contributions on behalf of the member shall have been paid within a given fiscal
year the protection under the Plan shall be extended to the wife of the member
during the ensuing fiscal year of the Plan. Members may enter the Plan only as
of the beginning of a fiscal year and must participate in the Plan for a full fiscal
year before any benefits are incurred except in cases of transfers provided for
in paragraph (12).
(6) Benefit—In the event of the death of the member before entering upon
an age retirement annuity or after entering upon a disability retirement annuity,
during a fiscal year for which the full member contributions and convention
contributions have been paid, an annuity shall be payable to the widow of such
member. The annuity shall be payable in equal monthly installments, effective
fvom the date of death of the member, such monthly installments ceasing with
the last payment preceding the date of the death or remarriage of the widow.
shall forth of percentage the (7) be in member Amount equivalent the of following a upon of potential to Benefit—The fifty which table:
percent age contributions retirement amount (50%) have of of annuity, the been the average widows paid which under of annuity retirement all the salary Plan shall annuity as bases be set a