# LCMS Convention Proceedings_St. Louis Missouri_1953_S500
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

500 FINANCIAL MATTERS

ment or for their dependents in the event of their dea
fore be it

e. Resolved, That participation in Synod’s Pension
be required of every pastor, professor, missionary, tea
coness, or other full-time church worker who after July
accepts a position in, and receives his salary from, The Ly
Church — Missouri Synod or from a District in Synod, =

The Arrears Problem

63. During the past twelve months the office of our
Secretary has made a concerted and organized attempt +
all those Pension Fund members over age 55 who hay
personally not made Pension Fund contributions in full
period October 1, 1937, to date or whose congregations hai
to do so. The reaction among the men and their congr
has been very acceptable. Former congregations have
pealed to with favorable results. We urge upon all Pen
members whose account is not paid in full the advisah
getting their account in order and also asking their
even their previous employer, to make payment of emi
arrears so that when the time of retirement comes, ,
retiring Pension Fund member will be eligible to receive
minimum Pension. We will, in the near future, begin n
appeal of this kind to all workers in the age group 45 to:

The Delinquency Problem

64. We have the further serious problem of trying
the Pension Fund participation of several hundred mer
have not made Pension Fund contributions for a year 0
Very likely they have decided to provide in some oth
the day ‘of their retirement. To such we must say, “You

eligible at retirement to receive only the actual earned a
the accumulation now to the credit of your Pension Fun

congregations were remitting at the rate of 6% in 1952. ‘Y
a survey of 116 of the largest congregations in Synod At
that only ten had not fully reached a remittance rate <
the end of 1952, but were in the process of eventually
at the rate of 8% by January, 1954. We wish to thank
gregations in Synod for this splendid co-operation.