Difference between revisions of "Life Membership"
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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 | + | 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 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. | 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. | ||
Revision as of 14:59, 8 September 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 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 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.
