Thursday, November 12, 2009
Life Member Trust Formula Amendment
The C&BL dictates a formula for the amount of money ROA must withdraw from the Life Member Trust each year. This formula is tied to the amount of term dues. A C&BL amendment has been drafted that freezes the formula at today's term dues rates in the event the term dues increase proposal passes. If the term dues proposal passes and the life member trust formula is not frozen at today's rates, then the life member trust fund will be in jeopardy of loosing money at too fast a rate to sustain itself. View the amendment at www.roa.org/forum
Life Member Dues Increase
A second proposal from the actuarial study recommended an increase in Life Member Dues. Go to www.roa.org/forum to read the proposal.
Wednesday, October 28, 2009
Term Dues increase proposal
Member dues are core components of the Reserve Officers Association's budget. Term and Life dues revenue, combined, currently amounts to approximately 23 percent of ROA's total operating budgeted income. The last term dues increase was back in 1991. With a large Life Member segment (over 80 percent of ROA members are fully paid Life Members), term dues income becomes the only source for increasing dues income to meet growing operational demands.
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