# LCMS Convention Proceedings_St. Louis Missouri_1956_S646
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

646 FINANCIAL MATTERS

account. This would conform with the present deduction of $20 for
each year during which personal payments at the rate of 4% have
not been made. Thus, $40 would be subtracted from the subsidized
Pension if no employer’s payments were made after January 1, 1954.

The Delinquency Problem

36. Our office has also made a concerted effort to assist pastors
and teachers in reactivating their Pension Fund accounts. We have
been very successful in this and can report at the present time that
the number of totally delinquent accounts is approximately 150.
A totally delinquent account is one where both the worker and
his congregation are not making current payments. Approxi-
mately 125 workers in Synod are not keeping up their personal
contributions although their congregation continues making regular
payments. And in 21 cases the congregations are not making
regular payments in behalf of their workers. Considering the large
number of participating workers and congregations, we believe
this report to be a good one.

37. We have been urging congregations to continue making
employers’ contributions in behalf of a pastor or teacher who is
not making personal contributions because he chooses to provide
in some other manner for the day of his retirement. We have
assured these congregations that in doing so they will meet their
Pension Fund obligation to their servant of the Word and also
to Synod as it seeks to provide for pastors and teachers through
the Pension Fund. In this connection we believe that the regula-
tion of the Pension Fund, 10.43f, should be amended to read
as follows:

“Employers’ contributions paid for a nonmember or for a
delinquent Pension Fund member shall be placed to his credit
as employer’s payments. Interest shall be added to such credits
at the end of each fiscal year. And from the resulting accumula-
tion, said nonmember or nonparticipating member, or his widow
and dependent children, shall receive the actual earned annuity.”

Pensions to Workers in Argentina and Brazil

38. We wish to make the following report on the Pension and
Support beneficiaries in the Argentine and the Brazil Districts.
During 1955, 1 retired worker, 4 disabled workers, and 2 widows
received Pension and Support benefits in Argentina, and 1 widow
received Support only.

39. In Brazil, Pension benefits were paid to 3 retired workers,
5 disabled workers, and 3 widows of Pension Fund members, and

alsc
anc

spi
prc
res

lor
Pe
ve
re

tri
in
al
pi
ot

mn mt Hh Oo aoe

~~ FA