William Penn Life, 1981 (16. évfolyam, 1-3. szám)

1981-01-01 / 1. szám

11 Treasurer, Gus G. Nagy; General Counsel, Gay B. Banes and Medical Director, Julius Kesseru, M.D. 5) Mr. Charles announced that a Christmas dinner will be held on Tuesday evening December 16, 1980 at the Churchill Valley Coun­try Club. All Directors, Officers and Home Office Employees are invited to attend. Employees of the Associa­tion with 25 years or more of con­tinuous service will be honored at this event. Vice Presidents, Louis L. Varga and John P. Balia will co-chair the dinner. 6) Dr. Julius Kesseru, Medical Director of the William Penn Association, submitted his report on the activities of the Medical Depart­ment for the period of January 1, 1980 to September 30, 1980. The Board acknowledged the Medical Director's report with sin­cere thanks and appreciation. 7) Director Albert J. Stelkovics read the Minutes of the Executive Committee Meetings dated Novem­ber 1 3 and 1 4, 1 980. The Board acknowledged the Minutes as read for further delibera­tion. 8) Vice President, Louis L. Varga, submitted a verbal report on his at­tendance at the American Hungarian Catholic Society Convention in Cleveland, Ohio. Mr. Charles expressed his deepest congratulations to Mr. Varga on behalf of himself and the Board of Directors for the fine job he per­formed at this convention. He stated that Mr. Varga's presence at this convention was a most important factor in bringing about the favorable decision for the American Hungarian Catholic Society to merge with the William Penn. The Board of Directors also acknowledged the report of Vice President Varga with sincere thanks and appreciation. 9) Director William Kohut read the Minutes of the Field Committee meetings dated November 1 2, 1 980 and December 1 0, 1 980. The Board acknowledged these Minutes and accepted same as corrected for fur­ther deliberation. One of the main points in the Field Committee's Minutes deals with a discussion with Mr. Richard Smith, a representative of Kinder Bros. & Associates. Mr. Smith participated in the Penn­sylvania Fraternal Congress program where his topic was ''Developing a Professional Field Force for Frater­­nals". Mr. Charles requested Mr. Smith to meet with the Field Com­mittee and the Executive Committee to discuss a program for sales pro­motion for the William Penn Associa­tion. Mr. Richard Smith gave a brief resume of his career in the insurance business and consulting business. He proposed to establish a Managerial Sales Force comprised of Managers and Agents. He stated he would procure this staff, educate and train them and get them started in a specific area. The Board of Directors ensued on a lengthy discussion of the Field Pro­gram and Mr. Richard Smith's pro­posal. All the Directors spoke re­garding this subject and it was stated that in order for the Associa­tion to grow and prosper we must bring in additional new premium dollars. Mr. Charles urged the Board to give Mr. Smith's proposal very serious consideration. 10) Director Stelkovics read the agreement submitted by Richard Smith of Kinder Bros. & Associates for the preparation of sales manual, brochures, recruiting, training, educating and supervision of a sales group consisting of a Manager and four Agents. It was moved, seconded and authorized by the Board that this agreement be referred to the Field Committee and General Counsel for complete review. The Board further authorized the Field Committee to implement the agreement as soon as feasible. 1 1) Acting Secretary, Stephen T. Szilagyi, submitted his report to the Board of Directors. Mr. Szilagyi ex­plained some of the duties he per­formed as Acting Secretary. The Board of Directors accepted Mr. Szilagyi's report with sincere thanks and appreciation. 12) It was moved, seconded and authorized that each Board member receive a copy of the Penn Life publication as soon as it is pub­lished. 1 3) The Board of Directors authorized the Executive Committee to review the Penn Life publication and also review the report of Mr. Ballew pertaining to our publication and attempt to bring forth recom­mendations which may improve our publication. 14) It was moved, seconded and the Board authorized that the Annu­ity Program be placed into effect as of January 1, 1981. The guaranteed contractual interest rate to be paid will be 4% plus an excess interest rate of 6% for a total of 10%. An­nuity Plans presently in force are Flexible Premium Retirement Annu­ity, Single Premium Deferred Retire­ment Annuity and Single Premium Immediate Retirement Annuity. 1 5) It was moved, seconded and authorized by the Board that Bruce and Associates be instructed to prepare a new single deposit premium juvenile life insurance pro­gram as soon as possible. 16) Vice President of Member­ship and Acting Treasurer, Gus G. Nagy, submitted his report to the Board. The Board of Directors acknowl­edged the report of Mr. Nagy with sincere thanks. 17) National President, Elmer Charles submitted his report which dealt with various subjects pertain­ing to the Association. The Board of Directors acknowledged the Pres­ident's report with sincere thanks. 1 8) It was moved, seconded and authorized by the Board of Directors that the William Penn Association donate $300.00 to the Children's Hospital Fund of Pittsburgh, Pa. This is in addition to the individual con­tributions made by the Officers, Directors and Employees of the Association. 19) The Board of Directors ex­pressed sincere thanks and apprecia­tion to Director and Mrs. William Kohut for the help they rendered in furnishing the guest house and the other building programs at Penn Scenic View. The Association is deeply indebted to them for the assistance they rendered with these projects. 20) President Charles read letters of recommendation for improving the National Bowling Tournaments which were sent to him by the Board members. It was moved, seconded and authorized that the Executive Committee review these recommen­dations and bring forth its recom­mendation to the Board. 21) Mr. Charles thanked the Board of Directors for the very fine Christmas present that was presented to him at the Family Christmas Party. He also thanked the Board on behalf of the Home Of­fice Employees for the wonderful evening of fraternal fellowship en­joyed at the Family Christmas Party and the presentation of awards to those with 25 years or more of serv­ice. 27

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