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

No comments:

Post a Comment

Post a Comment