The Magazine of The Evangelical Lutheran Church in America


WCC finances shaping up

The World Council of Churches, a Geneva-based ecumenical group to which the ELCA belongs, reported that its pension fund is now "out of a deficit position," thanks to a $24 million bank loan.

Leaders attributed the deficit to the financial crisis and a growing imbalance between retirees (70 percent) and active members (30 percent) who contribute to the fund's balance.

Olav Fykse Tveit, WCC general secretary, said the organization hopes to leverage Geneva real estate it owns.


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October issue

OCTOBER issue:

Women and the Reformation: Then & Now