Re: Dues Remissions
- From: Torence <torenceake@xxxxxxx>
- Date: Fri, 2 Apr 2010 09:03:01 CST
On Apr 1, 8:13 pm, grumpyj...@xxxxxxxx wrote:
Therefore, all PM of my former lodge are exempt from paying dues toThe Lodges that follow this practice here normally purchase Life
the current (merged) lodge.
Memberships for their PMs. The math works out well. In my Lodge, for
example, annual dues are $35 per year and the lodges gets to keep $25
with $10 going to Grand Lodge per capita. When the Lodge purchases a
Life Membership the sum equals 15 times annual dues or $525. Of that
the Grand Lodge receives $150 to go into their GL Life Membership Fund
and from which they draw the interest. The balance, $375, goes to a
Lodge Life Membership fund from which the Lodge draws the interest.
The fund has been paying 6.7% and we receive $23.45 for each $375
put into the principal. The benefit is that with annual dues the
income ceases with a Brother?s demise while the principal remains for
Life Members in perpetuity. Lodges have been content as long as the
fund pays the sort of interest that I just quoted.
I am an annual dues payer and refused the offer of the lodge that
raised me to be made a Life Member after my term as Master in 1993. My
current Lodge also offered to purchase a Life Membership for me. My
refusal is based upon a singular provision of the Life Membership
program, our Code 271K. That provision retains for the Grand Master
control over the principal that, IMHO, rightfully belongs to the Local
Lodge. I have put it out twice now into proposed legislation to make a
change to that Code affirming the Local Lodge as that portion?s owner.
The first time around I found myself summarily suspended ?for raising
vexatious questions.? This last time I was told that the changes were
too complex for the delegates to consider; and I was asked by our IPGM
to resubmit those revisions and start the process to make the changes
over again.
Fraternally,
Torence Evans Ake
Secretary ? Auburn Park Lodge No. 789 ? Crete, Illinois
PM ? Arcadia Lodge No. 1138 ? Lansing, Illinois
.
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