William Penn Life, 1969 (4. évfolyam, 1-12. szám)

1969-10-01 / 10. szám

billing and collection system, and WHEREAS, more than two years have now elapsed since the computer operation was introduced and

WHEREAS it is an imposition and inconvenience for members to personally go to the District Office to pay NOW THEREFORE be and it is hereby resolved that effective January 1, 1970 the Office Clerks advise members coming to the Office to pay premiums, to send their premiums directly to Pittsburgh.

BE IT FURTHER RESOLVED that District Office clerks provide to these members an envelope and instruct the members how to include check or money order and payment due notice when sending payments to Pittsburgh.

17. It is resolved by the Board of Directors in regular quarterly meeting assembled in Pittsburgh, Pennsylvania this 9th day of September, 1969 that the Automatic Bank Check Plan be made available as soon as possible, under the direction and supervision of the National Officers, to new as well as old members who qualify and sign the required authorization forms to permit the bank to honor such checks, and

BE IT FURTHER RESOLVED that the National Officers are hereby authorized to take any and all steps necessary to institute the ABC Plan.

18. Moved, seconded and the Board adopted that the discounted rate of Check- O-Matic or ABC Plan will be at a monthly rate based on 1/6 of the semiannual premium.

National Officers, Board Members and Director Toma personally invited the National Officers, Board Members and William Penn Members to a testimonial dinner-dance sponsored by Branch 48 of New York City, on October 18, 1969, who will honor Mrs. Mary Huthansel and Mr. Charles Fabian by presenting them with the Illustrious Citations.

19. Moved, seconded and the Board adopted the following resolution pertaining to termination dividend.

RESOLUTION WHEREAS, it is the intention of the Board of Directors to discontinue the DATI dividend program, and WHEREAS, it is the further intention of the Board of Directors to declare a termination dividend on all active membership certificates issued on the American Experience 4% Table of Mortality to the members who will have attained Age 85 as of January 1, 1970 and thereafter to pay all premiums in full thereby freeing those members from payment of life premiums after attaining Age 85

NOW, THEREFORE, we, the Board of Directors of the William Penn Fraternal Association RESOLVE, in regular quarterly meeting assembled at the City of Pittsburgh, Pennsylvania, this 9th day of September, 1969

THAT the DATI Dividend Program is hereby discontinued retroactive to September 1, 1969, and WE FURTHER RESOLVE that the National Officers are hereby authorized to

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declare a termination dividend equal to the Net Single Premium at Age 85 less the Reserve Value of the member’s certificate, to those dues paying members attaining Age 85 on January 1, 1970 or thereafter whose certificates were issued on American Experience 4% Table of Mortality, to provide those members with paid-up certificates freeing them from payment of any additional life dues.

20. Moved, seconded and the Board

adopted that any employee whether elected, appointed or contracted, with twenty years or more of continuous

service, and who is a member of the William Penn Employee’s Pension Fund, be eligible for retirement at Age 62 with the same benefits as Age 65. Mandatory retirement is Age 65.

21. Moved, seconded and the Board

accepted the report read by General Counsel, Gay B. Banes,

22. Moved, seconded and the Board

accepted the following resolution pertaining to Christmas Parties.

RESOLUTION

It is resolved by the Board of Directors in regular quarterly meeting assembled this 9th day of September, 1969 that the Treasury of the Association subsidize the Branch Childrens’ Christmas Parties in 1969 under the following conditions:

a) Branches which conduct Childrens’ Christmas Parties shall be entitled to a sum equal to ONE DOLLAR per juvenile member between the ages of 0-15 inclusive.

b) The Home Office contribution to any one Branch shall not exceed $200.00.

c) Branches shall account to the Home Office for funds expended.

d) The Association will provide Carol Books and printed invitation to those Branches which request same on form provided by the Home Office.

23. Moved, seconded and the Board adopted the following resolution pertaining to Automatic Premium Loan.

RESOLUTION

WHEREAS the Association did extend Premium Loan privilege to all existing contracts in force not having said provisions provided for in the contract, and

WHEREAS an Endorsement Form has been submitted for approval to the Pennsylvania Insurance Department.

IT IS RESOLVED by the Board of Directors in regular quarterly meeting assembled this 9th day of September, 1969, that said endorsement is hereby approved retroactive to the date of issue, and

BE IT FURTHER RESOLVED that the Interest Rate on A.P.L. be established at 5% per annum

24. Moved, seconded and the Board accepted the Report of the President to the Board of Directors dated September 8, 1969 and Supervisors of Agencies Repoprts in their entirety.

25. The Board is deeply concerned about the acquisition costs, persistency and production.

After a lengthy discussion of these

problems, it is moved, seconded and the Board unanimously adopted the motion that the Staff be authorized to make studies to bring about necessary changes to improve the over-all field operation. The National President is authorized by the Board to seek out any assistance he deems necessary in the solution of this problem.

26. The Board acknowledged receipt of letters of thanks and appreciation from Mrs. Anna Bodnar and family, Branch 296, Springdale, Pennsylvania, Sophie Benedek, Branch 01, Bridgeport, Conn., Divine Redeemer Manor of Chagrin FaUs, Ohio, Stephen Gall, Branch 52, Windber, Pennsylvania and Elsie K. Bendes for the Joseph Kormondy Family.

27. The Board acknowledges the letter of Stephen Kotan, Sr. of Brownsville, Pennsylvania and requests the National Secretary to reply to Mr. Kotan.

28. The Board acknowledges the letter of thanks and appreciation from Medical Director of the William Penn Fraternal Association, Dr. Samuel C. Gomory, for the recent honor bestowed upon him marking his 50th anniversary as a practicing physician.

29. Moved, seconded and the Board adopted that William Penn Fraternal Association donate $50.00 to the Hungarian Transylvania Cultural Association, Chicago, 111., for dedication of their Flag.

41. Tournament Co-administrators Toma and Hegedűs submitted a detailed report on the results of the 1969 Bowling Tournament held in New York. Moved, seconded and the Board accepted the Report of the Bowling Tournament Committee with thanks.

42. Director Ivancso gave a verbal report to the Board on the forthcoming Bowling Tournament to be held in Toledo, Ohio in 1970. The report was acknowledged.

43. Director Hegedűs submits a lengthy written report which would enrich the image and promote the best interest of the Association. Moved, seconded and adopted by the Board that this report be attached and be made a part oif these minutes. It is further resolved that the report of Director Hegedűs become policy and guideline to be followed by the Board of Directors and the Association in the future.

44. Moved, seconded and unanimously requested by the Board that General Counsel prepare and define proper rules and guidelines of political activities within our Association which are to be followed by the Full Time Agents and employees of our Association, and most particularly in connection with our National Conventions.

45. President Charles, in his closing remarks, expressed sincere appreciation to all for responding to the call and responsibilities of the National Officers and Board of Directors. He thanked the members present for the decisions brought forth to such challenging problems and feels we should continue to meet these challenges. He felt all decisions were