Changes

Life Membership

138 bytes added, 00:25, 15 November 2016
The procedure for handling a [[Petition for Life Membership]] is:
A Petition for Membership is required. Normally, these are completed by the petitioner and returned either on paper or electronically. In rare cases, [[Headquarters Staff ]] may create a petition when one they feel that is not submittedadvantageous. These are usually not accompanied by payment.
Headquarters Staff will then notify the petitioner of the amount of Life Dues. This is done by multiplying the current annual dues by the petitioner's life expectancy according to the most recent US government Actuarial Life Table, such as [http://www.ssa.gov/OACT/STATS/table4c6.html this from the Social Security Administration]. Use whichever gender has the longer life expectancy — no bias based on gender is to be employed.
A Life Dues Account may be set up, provided that dues must be paid each year at the then-current rate, and an amount equal to the or greater of one tenth of than the the-current life dues and is added. When the current annual dues balance in the Life Dues Account is also depositedequal to or greater than the then-current rate, the member will be converted to Life Membership automatically. Should a member fail to make any year's deposit, or if there is a balance left, the amount on deposit will be converted to a credit. Such credits may be used to reestablish a new Life Dues Account if desired.
Once all dues are paid, a new [[Membership Card]] and a [[Certificate ]] of Life Membership]] are issued. Regular Membership will be converted to Life Membership immediately, with no credit issued for any partial year remaining.
Those who become Life Members after 2014 will also receive a life subscription to ''The [[Augustan Omnibus]]''.
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