# LCMS Convention Proceedings_St. Louis Missouri_1956_S647 # Machine transcription, uncorrected — CHI Digital Archive (demonstration) nal lar ing ge 2ve ing is ide ave eir Iso la- 2ad dit lits la- FINANCIAL MATTERS 647 also to 3 workers who received Support only, as well as 4 widows and 1 orphan. 40. Complicated situations, particularly in Brazil, and the spiral of inflation which has hit both South American countries, prompted the Board of Support and Pensions to pass the following resolution at its meeting on February 11, 1956: 41. Forasmuch as the Resolution passed by the Fort Wayne Convention in 1941 (see page 381, Section II, C, c) 3, a.b.c., is no longer applicable to present conditions, the Board of Support and Pensions requests Synod to rescind the resolution passed at the con- vention in 1941, stipulating that our South American workers shall receive 75% of the minimum Pension in U. S. currency; not only because paying a Pension in U. S. currency at $75 a month is con- trary to the policy fixed by Synod’s Board of Directors, that salaries in any foreign land shall be paid in the coin of the realm, but also because the payment of pensions in U. S. currency would presently provide benefits in excess of the average cash salary obtaining in either the Argentina or the Brazil District. 42. And we also request that Synod resolve, in its stead, that the Board of Support and Pensions be empowered to adjust the Pensions in the Argentine and Brazil Districts each year after the average salary of workers in Brazil, respectively in Argentina, has been determined, keeping in mind also the value of the coin of the realm, such Pensions to be at least 60% of said average salary, increased by 15% because the pastor or teacher has the free use of a dwelling, and not to be more than 66%% of the average annual salary basis. And that the Pension because of disability be com- puted in exactly the same manner as that of the Retirement Pen- sion; and that the Widows’ Pension shall be 60% of the worker’s Pension. 43. The Board of Support and Pensions also resolved to request Synod to pass a resolution that the payment of benefits be made on the basis of actual participation, with the provision that the deductions because of Social Security benefits will thereby be done away with. This means that the pension so determined and calcu- lated will be paid in full regardless of any benefits accruable to such a retired worker, or to his widow, from participation in the Social Security program of his respective country. 44. The ceiling on the wages of a retired worker in Argentina or Brazil shall also be adjusted by the Board of Support and Pensions — and shall be in line with the ceiling of wages obtaining here in the States. 45. The Death Benefit in behalf of South American pastors and teachers shall remain at 75% of the Death Benefit obtaining ETO A at