Fraternity-Testvériség, 1969 (47. évfolyam, 1-12. szám)
1969-05-01 / 5. szám
III. Valuation Ratio: 110.88% (We are among the first rated companies and maintained our excellent rating). IV. Ratio of Investment Income 4.27% (Very good. The same as in 1967) V. Mortality experience 48.7% (Unchangeably very good. The best for the past 10 years). VI. Deceased in 1967: 378 1968: 365 VII. We have minor decrease in membership and certificate only. This trend what the members and certificates are concerned lasts for almost a decade and is being explained by the members of the field force that they needed to get 10 or 20 new members to be able to make $10,000.00 while they can achieve the same by recruiting one new member. We are a fraternal organization, however, and the need for increase in membership should also he emphasized. NEW MEASURES Our Offi cers do everything possible that we should he able to show increase also in this field. Our Convention decided to raise the salaries of the field workers and that of the commissions. The plans concerning this decision were worked out hv the Officers. Under the leadership of our Secretary we held conferences with our field workers and informed them about the new system of payments, which was received with great enthusiasm. As well as the increased commissions I with the approval of the Board of Directors meeting in September) and the new system of payments were begun by January 1, 1969 (pending the approval of the Board of Directors). We do not know it for sure, hut it seems to be possible, that this resolution of the Convention and the subsequent decisions of the Board of Directors inspired our field force to such an extent, that during the month of February $400,000 worth of policies were written, which has been unparalelled in the last ten years. If we could maintain this spirit for the entire vear. this year tnav become after many years one of the most successful years. \E\X WORKERS U\ THE FIELD FORCE We have right to he hopeful by the fact, that our field force was strengthened by four new field workers. Among them there are three who came to us with fine qualifications and experience. Dr. Tibor Háló Section Manager ($200,000) Detroit, Michigan and Toledo, Ohio. William Puskas Section Manager ($200,000) New Brunswick, New Jersey and Frank Dance District Manager ($250,000) Bethlehem and vicinity, who have already overwritten their quotas. The fourth one is László Dékány Section Manager, New York ($126,000). SUPERVISORS In accordance with the decision of our Supreme Council meeting in September, 1968 we have terminated the positions of the supervisors. Since January 1, 1969 both former supervisors serve a particular area with quota requirements. Paul Ferenczy took over the Connecticut district with a quota of $250,000. Joseph Benedek a part of the Ohio District with a quota of $100,000. COMMISSION AND NEW PAYMENT SYSTEM In accordance with the decision of our Convention the commission was raised by three dollars. The new system of salaries was worked out in detail, which will he given to the Board by our Controller. AUTOMATION Our Convention ordered to make plans to introduce full or partial automation of the Home Office. It was resolved to ask bids for this plan. The meeting of the Officers authorized the Controller to secure the necessary informations and he will bring a report on this subject during our meeting. SCHOLARSHIP GRANTS Our students in higher institutions of learning were supported by grants of $25.00, $50.00 and $100.00 occasionally from our Donation Fund. The Convention decided to spend a certain amount for scholarship and study grants this year. It is our plan to give out scholarships that more and more of our young people should benefit by the help of our Federation. Naturally, we plan to utilize these grants that the recipients should be helpful to our field workers in getting new members or prospects. CONCERNING THE HEART-LUNG MACHINE The final decision will he made by the Board of Directors. OUR BETHLEN HOME Our Convention decided — due to lack of orphans - to close down the Children’s Home and to take care of our orphans in some other way. In accordance with this resolution the Superintendent sent the children (half-orphans and children from troubled homes) home in June. Very soon there was such an uproar within the circles of the town of Ligonier and within the American Hungarian Reformed community, that our Board at the request of the Minister’s and Elder’s Associations decided to reopen the Children’s Home with October 1. Our Board of Supervisors submits a separate plan to our Board concerning the reorganization of Bethlen Home. 9
