Difference between revisions of "Life Membership"
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| − | Life Membership in The Augustan Society, Inc., is available only to current members in [[Good Standing]]. It is not permitted to join as a Life Member. | + | '''Life Membership''' in The Augustan Society, Inc., is available only to current members in [[Good Standing]]. It is not permitted to join as a Life Member. |
The procedure for handling a [[Petition for Life Membership]] is: | The procedure for handling a [[Petition for Life Membership]] is: | ||
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A Petition for Membership is required. Normally, these are completed by the petitioner and returned either on paper or electronically. In rare cases, Staff may create a petition when one is not submitted. These are usually not accompanied by payment. | A Petition for Membership is required. Normally, these are completed by the petitioner and returned either on paper or electronically. In rare cases, Staff may create a petition when one is not submitted. These are usually not accompanied by payment. | ||
| − | 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>. Use whichever gender has the longer life expectancy -- no bias based on gender is to be employed. | + | 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]>. 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 and an amount equal to one tenth of the the-current life dues is also deposited. Should a member fail to make any year's deposit, the amount on deposit will be converted to a credit. | + | A Life Dues Account may be set up, provided that dues must be paid each year and an amount equal to the greater of one tenth of the the-current life dues and the current annual dues is also deposited. Should a member fail to make any year's deposit, the amount on deposit will be converted to a credit. |
Once all dues are paid, a new [[Membership Card]] and [[Certificate of Life Membership]] are issued. | Once all dues are paid, a new [[Membership Card]] and [[Certificate of Life Membership]] are issued. | ||
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Regular Membership will be converted to Life Membership immediately, with no credit issued for any partial year remaining. | 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 | + | Those who become Life Members after 2014 will also receive a life subscription to ''The [[Augustan Omnibus]]''. |
Those who became Life Members before 2015 did not receive a life subscription to the Augustan Omnibus. They may purchase same for an amount equal to the current annual subscription rate multiplied by the Actuarial Life Table, as above. | Those who became Life Members before 2015 did not receive a life subscription to the Augustan Omnibus. They may purchase same for an amount equal to the current annual subscription rate multiplied by the Actuarial Life Table, as above. | ||
Revision as of 20:33, 7 August 2016
Life Membership in The Augustan Society, Inc., is available only to current members in Good Standing. It is not permitted to join as a Life Member.
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, Staff may create a petition when one is not submitted. These are usually not accompanied by payment.
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 <[1]>. 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 and an amount equal to the greater of one tenth of the the-current life dues and the current annual dues is also deposited. Should a member fail to make any year's deposit, the amount on deposit will be converted to a credit.
Once all dues are paid, a new Membership Card and 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.
Those who became Life Members before 2015 did not receive a life subscription to the Augustan Omnibus. They may purchase same for an amount equal to the current annual subscription rate multiplied by the Actuarial Life Table, as above.
