Bundang Central Presbyterian Church runs pension scheme for 500 missionaries with 12 billion won ($10 million) fund

백지희l승인2022.01.28l수정2022.01.28 11:42

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▲ Bundang Central Presbyterian Church / Pastor Jeongchun Choi

Bundang Central Presbyterian Church has secured 12 billion won ($10 million) fund and has started to provide pension for 500 missionaries or their families, announced at the press conference held at the church January 5. The pension scheme is expected to support missionaries do their missions without a worry of financial support of themselves and their families. The affected missionaries must be under 45 with serving as a missionary for a long time of which 60% belonged to the church and 40% from other churches. 100,000 won ($83) is payable for 240 months to receive pension after 30 years. Application must be submitted by February 19 before 6pm at the church's website. Finalists are noticed through email within the end of March. Finalists will have to serve missionary work for 20 years and because it is 'support fund' no canceling, change, transfer, raising monthly payment or early payment are allowed. They also must submit a report on the year's activities accompanied by another report on next year's plan.

 

"Missionary is one of the important missions of Christians in South Korea. Because missionary is a virtuous deed, we thought it needed that we should provide financial support for them to carry on their missions without a worry about their later years. We have seen many missionaries were in need of help in their later years despite their devotion and contribution to helping people not only in Korea but in the world. And it is not right for us Christians not to do something for this. We hope our pension scheme would set a milestone in the history of the Korean missionary works" says Jeongchun Choi, Paster of Bundang Central Presbyterian Church.

According to a survey jointly carried out by the Korean World Missionary Foundation and the Dongseo Missionary Research Development Institute on 341 missionaries from 54 countries, only 20% said they had means to support after retirement and 18.5% said they did not even have National Health Insurance.

 

"Bundang Central Presbyterian Church has a mission to create a better world through spreading the teachings of Jesus and the Bible and missionaries are playing the vital role in this. Supporting their good deed without financial worrying in later years for them and their families is but our duty to fulfill" emphasizes Choi. <PowerKorea>

 

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