# LCMS Convention Proceedings_St. Louis Missouri_1950_S1286
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

FINANCIAL MATTERS 807

© The Enabling Act Relative to Synod’s Pension Fund
in Our South American Districts
(Unprinted Memorial 8)
Resolution 6
Wuereas, It may become necessary for our South American
.. brethren in Argentina and Brazil, together with their congrega-
tions, to participate in their respective State Welfare Programs; and
: Wuereas, It may become necessary for individuals or for all
members of Synod’s Pension Fund in Argentina and/or Brazil -
to withdraw their accumulations from Synod’s Pension Fund in

order to make the required payments to the State Welfare Fund;
therefore be it

Resolved, That this convention grant authority to the Board of
Support and Pensions, upon the approval of Synod’s Board of
Directors, to release from membership and participation in Synod’s
Pension Fund every member in our Argentina and/or Brazil
Districts who surrenders his Certificate of Participation and signs
a waiver releasing Synod from any further financial obligation in
the nature of Pension; and be it further

Resolved, If and when such requests are made, that the Board
of Support and Pensions be instructed to refund the total accumu-
lation, both personal and employer’s contributions, of each with-
drawing member to the Treasurer of the respective District, to be
applied toward the payment of the dues required from the worker
and from his employer by the Pension System of the State
Government.

Such members in the Argentina and Brazil Districts who may
elect to continue participation in Synod’s Pension Fund may do
so by making the required payments, personal and employers’, on
their salary, thus qualifying for such regular and special benefits
as may be provided for by Synod’s Pension Fund, and as have
been agreed upon by special arrangement.

ADDITIONAL INFORMATION To THRow Licut ON THE ABOVE RESOLUTION

The South American Districts did not begin soliciting members
for the Pension Fund until after January 1, 1942.

In Argentina, 42 workers — all but one — are members of
Synod’s Pension Fund. Since 25 congregations or employers do
not participate, the total credits of the 42 workers are only a little
more than $13,000 U.S. currency.

The Argentine Government in 1945 enacted pension laws
which may make it obligatory for workers and employers to par-
ticipate in the State Pension Program. The workers are required