Difference between revisions of "Life Membership"
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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. | ||
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Revision as of 12:55, 14 January 2017
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. Headquarters Staff may create a petition when they feel that is advantageous. 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 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 or greater than the the-current dues is added. When the balance in the Life Dues Account is equal 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 is issued over the signatures of the President and Secretary.
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.
