# LCMS Convention Proceedings_St. Louis Missouri_1956_S645
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

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645

FINANCIAL MATTERS

Whereas, Dr. Huggins furthermore advises: “If arrears are
made up, it should be done only in what might be classed as
emergency cases, with as little publicity as possible, so if it is done,
I know of no better fund than the Contingent Fund”; and

Wuereas, Also, a Contingent Fund is there for the purpose of
meeting emergencies, such as the need of those members or their
employers who are unable to make their payments;

Therefore, We herewith request that the convention approve
the position taken by the Board of Support and Pensions. We feel
that the regulation 10.41 c may not be sufficiently clear and specific.
Therefore, we suggest that it be amended to read:

“This Contingent Fund will be used for supplemental and/or
emergency benefits at the discretion of the Board of Support and
Pensions.”

33. We have also communicated with many congregations,
requesting that they give consideration to paying their arrears in
behalf of their present workers in the Word or in behalf of their
former workers who are now serving elsewhere. Here, too, the
reaction has been very gratifying. We wish to express our sincere
appreciation to the congregations that have acted favorably.

Participation of Congregations Gratifying

34. We know of no better place than this in our report to make
the following statement: Our congregations throughout Synod are
to be commended highly for the wholehearted support they have
given Synod’s Pension Program in the past, and the continued
co-operation they are giving Synod’s Program of providing for the
day of their pastor’s and teacher’s retirement. This is particularly
evident in the ready reaction to Synod’s resolution that the
employer’s rate of participation be increased to 8%. As of Jan-
uary 1, 1956, only 25 congregations were not remitting at this
increased rate.

Uniform Deductions

35. At the convention in Houston it was resolved that addi-

tional deductions must be made from the minimum subsidized

Pension wherever the congregation fails to increase its rate of
participation to 8%. For the lack of each per cent above 4% it

was resolved that the deduction shall be in the sum of $2.50 for
each year of such reduced participation, this deduction to be sub-
tracted from the annual Pension of $1,200.

Our Board herewith suggests and recommends that this
deduction be increased from $2.50 to $5.00 for each percentage of
participation lacking in the individual member’s Pension Fund