# LCMS Convention Proceedings_St. Louis Missouri_1956_S651
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

FINANCIAL MATTERS

Year-End Statements

58. Annual statements are prepared after September 30 of each
year, and these are mailed to all active members during the month
of November. The statements reflect a summary of the activity
which took place in the individual accounts during the prior year,
as well as total accumulation in the account. Members are en-
couraged to notify the Accounting Department should they disagree
with any of the figures shown on the statement.

59. If you have any questions regarding a particular phase of
the accounting set-up of the Pension Fund, we shall be glad to
give your inquiry our prompt attention.

PENSION Funp AccoUNTING DEPARTMENT
Russe. E. Rotiine

Tue Boarp or SuprorT AND PENSIONS
Oscar Fepper, Chairman
Apo.tpH W. OBERMANN, Recording Secretary

L. F. BarTELt C. PFoTENHAUER
NorsBertT FLEISCHER Ever A. RoTH
ArtTHuR H. HAHN G. W. BerrIncHAUS
B. W. JANSSEN Orto C. Davin

Epwin A. SoMMER, Executive Secretary
PautMeEr L. JANKE, SR.
Assistant Executive Secretary
ACTION
Concerning various items in this report, Committee 10 sub-
mitted the following resolutions, which were adopted, with the
exception of Resolution 6.
Resolution 4

Subject: Uniform Deductions

Wuereas, The convention in Houston resolved that additional
deductions must be made from the minimum subsidized Pension
whenever the congregation fails to increase its rate of participation
to eight per cent (8%); and

Wuereas, For the lack of each per cent above four per cent
(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 subtracted from the annual Pension of $1,200; therefore be it

Resolved, That the deduction be increased from $2.50 to $5.00
for each percentage of participation lacking in the individual mem-
ber’s Pension Fund account.