# LCMS Convention Proceedings_St. Louis Missouri_1956_S653
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

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FINANCIAL MATTERS

Resolution 7
Subject: Endowments and Gifts

Wuereas, The benefits of the Pension Fund would be greatly
enhanced’ if it would receive larger endowments and gifts; there-
fore be it

Resolved, That we encourage congregations and individuals to
make bequests in behalf of our Pension contingent fund or to the
current treasury of the Board of Support and Pensions.

Resolution 9
Subject: Pensions to Workers in Argentina and Brazil

Wuereas, Complicated situations have arisen in both South
American Districts due to the spiral of inflation; and

Wuereas, The Resolution passed by the Fort Wayne Conven-
tion in 1941 is no longer applicable to present conditions; therefore
be it —

Resolved, (a) That we rescind this resolution, stipulating that
our South American workers receive 75% of the minimum Pension
in United States currency. Paying a Pension in United States cur-
rency at $75 a month is contrary 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 and that payment of Pensions in United
States currency would presently provide benefits in excess of the
average cash salary obtaining in either the Argentina or the Brazil
Districts; and be it. further

Resolved, (b) That the Board of Support and Pensions be em-
powered.to adjust the Pensions in the Argentina and Brazil Dis-
tricts 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 66234% of the average annual salary basis, and that the
Pension because of disability be computed in exactly the ‘same
manner as that of the Retirement Pension; and that the Widow’s
Pension shall be 60% of the Worker’s Pension;.-and ‘be! it further

Resolved, (c). 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 hereby be discontinued as
of January 1, 1957; and be it further

Resolved, (d) That-the lack of full current payments prior to