William Penn Life, 1985 (20. évfolyam, 1-6. szám)

1985-03-01 / 2. szám

President’s Column By John Sabo National President William Penn Life The “new look” of the society’s official publica­tion was favorably received by many of our mem­bers. We were pleased to note the interest expressed by so manv of those who read our house organ Rarely have we received letters from our membership in the past but this first issue really caught the fancy of our readers. The editorial staff, however, already has made improvements on the first issue. Compare this issue with the January — February, 1985 edition and you will note the difference. We thank all those who wrote to us and we shall always welcome your letters or telephone messages. We intend to improve with age even as aging produces guality wines. Tax Exemption of Fraternal Benefit Societies in Jeopardy The Treasury Department of the United States of America has proposed elimination of the tax exemption of all fraternal benefit societies in order that it may improve the federal taxation program upon our fraternal system. Should the historical tax exemption be repealed, it would also adversely affect the William Penn Associa­tion. Our society has provided benefits and programs of signifi­cant value to our community, our churches, the Hungarian language newspapers, scholarships to our student members as well as aid to our elderly. Loss of our tax exemption would put us on the same levels as commercial insurers and could mean the end of our volunteer fraternal programs. We urge all branch officers and members to immediately write to President Ronald Reagan, The White House, 1600 Pennsylvania Avenue, N.W., Washington, D.C. 20050, to reject this tax movement. Please send a copy of your letter to Treasury Secretary James Baker, U.S. Treasury Department, Washington, D.C. 20020. It would also help if you sent a similar letter to your Congressman and to your state’s two senators. We need your help, please do not fail us! Your National President on January 28, 1985, wrote the following letter to President Ronald Reagan in regards to the Treasury Department “Tax Reform” bill. On February 26, 1985, your President Sabo received the follow­ing reply from the White House. The letter of January 28,1985 to President Reagan will probably be of help to you when you write to President Reagan, Treasury Secretary James Baker, your Congressman or Senators. Annual Statement Data The Annual Statement which had to be filed by March 1, 1985 with each insurance department in the states in which we are licensed to write new business reveals some very interesting results. 1. Admitted assets of the Association reached a new high $71,460,633, compared to $68,300,195 one year ago. 2. All liabilities totaled $62,596,533 compared to $59,981,748 in the prior year. 3. Surplus increased to $8,864,099 from $8,318,446 in the previous year. Continued on page 5 column 1 t WILLIAMW PENN LIFE U.S. Postage Paid Pittsburgh, PA Permit No. 2724 Editor-in-chief..........................................................................................John Sabo Associate Editor.................................................................................Gus. G. Nagy Editing Office 709 Brighton Rd. Pittsburgh, PA 15233 _______Area Code (412) 231-2979 Office of Publication 709 Brighton Rd., Pittsburgh, PA 15233 Graphics by A.J.B. Communications Published Bi-Monthly Postmaster: If undelivered, please send form 3579 to: WILLIAM PENN ASSOCIATION 709 Brighton Rd., Pittsburgh, PA 15233 From One Fine Lady To Our “First Lady” The William Penn Associa­tion is proud of all its members, largely because they live ex­emplary lives, respect others and love their country. An out­standing example of that comes to us from New Brunswick, New Jersey where Mrs. Elizabeth Ellis, a Branch member in that city, is proud to say she helped save “The Lady.” “The Lady,” of course is our beautiful Statue of Liberty in New York Harbor. Mrs. Ellis, personally, re­ceived a letter from Lee lacocca, the chairman of the Chrysler Corporation and also chairman of the committee leading the restoration of “The Lady.” She was so thrilled to receive the letter from the Statue of Liberty Foundation that she donated $1,000 to help in restoring our “First Lady.” Mrs. Ellis, 84, one of the oldest members of the Bayard Street Presbyterian Church of New Brunswick, is more than happy to send $1000 to lacocca, because, as far as she is concerned, there could be no finer way to memorialize her husband, her father and their families than to help the statue’s torch glow once again. And there could be no finer way to create that memorial Continued on page 4 column 4 42nd Annual National Bowling Tournament By Gus G. Nagy National Secretary Final plans have been made for the 1985 National Bowling Tournament which will be held in New Brunswick, New Jersey with headquarters at the new Hyatt Regency, Two Albany Street, New Brunswick. The tournament commences Friday, May 24 and continues thru Sun­day, May 26. Room rates are $42.00 for single or double. The Bowling Tournament Committee, consisting of members from New Jersey branches, plans to make this tournament the most memo­rable in the history of the Association. The bowling will begin on Saturday at 9:00 A.M. at the famous Carolier Lanes located on Route 1 in New Brunswick with the team events. Singles and doubles event will be on Continued on page 7 column 3 SPEAKING FRATERNALLY By John F. Kenawell Congratulations to those Branches who told us of their successful Christmas parties in the last issue. While these parties were an important part of our Fraternal Society as we shared the holiday spirit with each other, we should extend the Spirit of Fraternalism to those less fortunate throughout the year. Through the Knights of St. George Home of The William Penn Association our Society shares in the care for the elder­ly. However, each Branch could share in the Apostolate of the Elderly through homes for the elderly in their own localities. Several projects your Branch could consider are: 1. Collect used magazines and deliver them to a local in­stitution. 2. Visit an elderly home to give companionship to residents who are less fortunate and lonely. Possibly write letters for those with crippling ill­nesses. 3. Take some residents to an outside activity such as a ballgame or sports activity; movie or play; shopping or lunch; church services or any of many available ac­tivities. 4. Have a group of Branch members who would take a resident into their home to share in a family dinner. The suggestions are just a few of the many needs of the elderly. You may have similar projects you are already work­ing on now. If you do, let me know and I will pass them along to others. In future issues I hope to report on other Fraternal projects that can be conducted in your Branch — parish — or community. The Fraternal Spirit is alive and working in the William Penn Association. A special congratulations is in order for the McKees Rocks gang at Branch 8020. Through the dedicated efforts of the Branch membership, sufficient funds were raised to make a $1,000 contribution to Mt. St. George. From Fr. Fred, the Sisters and the Residents of Mt. St. George, THANK YOU!!! ACTUARIAL COMMENTS Bruce and Bruce Company A bargain! A genuine, certified bargain. A genuine, certified bargain for William Penn members only. An especially great deal if you are a good, healthy risk. But a good deal even if you are not. No catch. No gimmick. Just an opportunity for members, made possible by the new 1980 CSO law. In the January-February issue we wrote to you about the new, improved plans to be offered by William Penn on the 1980 CSO basis, crediting higher interest rates. Now we get down to cases, specifically to the new Single Premium Whole Life plan. Thanks to the low rates on this plan, you can have more in­surance for your present premium without any reduction in your accumulated cash value. Much more insurance in many cases. Here is how it works. Single Premium Plan Tell the William Penn Home Office that you want to convert your present certificates into the new Single Premium plan and want to use your present cash values to pay for this new cer­tificate. (They will send you the necessary form.) You can use the cash value of all or any of your certificates. (All is smarter.) You can also use any dividend accumula­tions as well as the cash value of any dividend paid-up addi­tions. The cash value of the new certificate at time of issue will exactly equal the cash that you put into it. Thereafter it will grow. This first step will not even re­quire evidence of your good health. The single premium rate will depend only on your age. It will be the same for males and females, smokers and non­­smokers. Here are some sam­ple rates per $1,000, payable only one time, with coverage for the rest of your life. Age Rate Age Rate 15$ 55 55$299 25 81 65 433 35 127 75 592 45 198 85 744 Of course the William Penn also expects to credit dividends on this new plan. While these cannot legally be guaranteed, the present intention is that for each $1,000 of this Single Premium Whole Life, there will also be paid-up additions 10 years from now of $306; 20 years from now, $755. In addi­tion to the basic $1,000. The same amount regardless of your age. The bargain is real. Depend­ing on the age and plan of your present certificates, you may find that you will have more in-Continued on page 5 column 4 2

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