Fraternity-Testvériség, 1966 (44. évfolyam, 1-12. szám)
1966-06-01 / 6-7. szám
IC FRATERNITY VII. REINSURANCE Members carrying more than $15,000 insurance are reinsured with the North American Reassurance Company. It is the duty of the Controller to determine and report reinsurable certificates, subsequent changes, control and remit premiums computed by the Company. Reinsurance premiums actually paid in 1965 ...................................$1,443.39 Less: Experience refund for 1965 ........................................................ 548.97 Actual cost of reinsurance for the year.............................................$ 894.42 VIII. OTHER SERVICES a) I report the financial condition of the Employees’ Retirement Benefit Fund, as follows: Balance as of December 31, 1964 .............................................$118,316.56 Contributions of the employees in 1965 ............................... 4,771.49 Contribution of the Federation in 1965 ................................. 10,000.00 Interest income in 1965 .............................................................. 5,311.33 Total Income...............................................................................$138,399.38 Benefits remitted in 1965 ...........................................$8,958.23 Cash remitted ................................................................ 6,387.13 15,345.36 Balance on hand — December 31, 1965...................................$123,054.02 The Fund has 18 participating members and 6 pensioners. In compliance with the resolution of the 1964 Convention, we made the Fund solvent by transferring $10,000.00 from our books and $39,788.99 from the Unassigned Fund. With these transfers the Retirement Benefit Fund amounted to $162,843.00 as of December 31, 1965. b) Together with the Treasurer, I prepared a monthly statement of Income, Disbursements and Assets for publication in the “Fraternity”. — Occasionally, I wrote articles for our official paper. c) As one of the guardians of the deposit boxes, I accompanied the Treasurer 27 times to the bank during the year. d) As the recording secretary of the Supreme Council, I wish to make certain recommendations to change recording and witnessing procedures. e) As the Controller of the Bethlen Home, I attended five Board of Managers’ and one Board of Directors’ meetings to discuss affairs and examine books of the Home. Frequent changes in the personned have made it extremely difficult to cope with the ever-growing task in my department. Dr. Antal Postenyi left for Germany; he was replaced by Julius Gaal, who takes care of the head bookkeeper’s duties with diligence and expert knowledge. Besides the afore-mentioned gentlemen, Mrs. Janos Csorba, Mrs. George Zaboji, Miss Elizabeth Nagy, and since December 1, 1965, Mrs. Paul Paschke have rendered intelligent and faithful service to the Federation, for which I express my full appreciation. I express my sincere thanks to my fellow officers, members of the Supreme Council and loyal workers in the field and in the home office. LÁSZLÓ L. ESZENYI, Controller
