William Penn Life, 1985 (20. évfolyam, 1-6. szám)
1985-05-01 / 3. szám
President’s Column By John Sabo National President William Penn Life The second issue (March-April, 1985) of the William Penn Life’s official publication was, in our opinion, an improvement over the first issue (January-February, 1985). The tabloid-type publication which now appears every other month, instead of quarterly, has met with the favor of many of our members. To date, we have received only one letter in which the writer noted that we should go back to the magazine-type publication. What is surprising is the letters from some of our members from whom we learned how delighted they were in the change from the magazine-type to the tabloid-type. A few of the members went so far as to offer their suggestions how we could improve, even more so, our tabloid-type publication. One of the biggest pluses to date is the frequency of the publication, bi-monthly instead of quarterly. We welcome constructive criticism, so keep your letters coming. Mother of Frances A. Furedy Dies At age 91, Mrs. Anna M. Furedy, mother of Frances Furedy, Administrative Assistant to the National President, died a natural death on April 28,1985. Mrs. Furedy was a strong believer in our fraternal system along with her beloved husband, who preceded her in death by 6 years. The Furedy family is a 100% William Penn Family who has and still is, doing much for the advancement of the William Penn Association. Most appreciated is Miss Frances Furedy, who serves the Association as Administrative Assistant to the National President. Son, Elmer Furedy, was the planner and overseer of the renovation of the former Catholic Knights of St. George Home Office Building and Carriage House. Son, Charles J. “Charlie”, served as Branch Manager of Branch 34, Pittsburgh, Pa., for many years. The burial for the late Mrs. Furedy took place on Thursday, May 2,1985. Practically all members of the Home Office, plus officers, several board, advisory board and auditing committee members were in attendance at the funeral. Father Paul Bolvary of St. Ann’s Hungarian Catholic Church, was the celebrant at the funeral Mass, assisted by Father Thomas F. Casey, pastor of St. Simon and Jude Church, Greentree. The late Mrs. Furedy was laid to rest next to her beloved husband, Michael Menyhért, in the Queen of Heaven Cemetery. Our blessings and parting words could no better be expressed as in the prayer of St. Francis of Assisi: Lord, make me an instrument of your peace Where there is hatred ... let me sow love Where there is injury . . . pardon Where there is doubt . . . faith Where there is despair . . . hope Where there is darkness . . . light Where there is sadness ... joy O Divine Master, grant that I may not so much seek To be consoled ... as to console To be understood ... as to understand To be loved ... as to love for WILLIAM Continued on page 4, column 1 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 Auditors Complete Work The Auditing Committee met at the Home Office on April 15-16-17, 1985. Present were Chairperson Emma Beganyi, Louis A. Fodor, Secretary and Charles Fabian, Michael Hrabar, Michael Kara and Violet Lenart, members of the Committee. Louis Fodor extended greetings to the Board of Directors and Mr. Elmer Charles, President Emeritus, who was in attendance after an extended illness. Our examinations included income from premiums, stocks and bonds and mortgages. Disbursements were checked against ledgers along with commissions, dividends and payroll. Expenses were examined, including A&H. All new purchases were examined and verified in the bank vault and verified sales of stocks and bonds against deposits to various accounts. Petty cash was counted, pension payments and other expenses verified. Met with the following National Officers, Mr. Gus G. Nagy, National Secretary and Mr. John L. Lovász, National Treasurer, who answered our questions satisfactorily. We wish to thank all the employees at the Home Office for their help and cooperation they extended our Committee, making our examination easier to perform in a more efficient manner. Fraternally, Emma Beganyi, Chairperson Louis A. Fodor, Secretary Annual Carnival The Knights of St. George Home of the William Penn Association, will sponsor the Annual carnival for our Home for the Aging on Sunday, July 28, 1985. A Field Mass will be celebrated at 11:00 A.M. by Father Frederick Becker, OFM, Cap., Resident Chaplain at our Home. This year’s festivities will offer a varied selection of amusements. Stands will offer games, wheels of chance and souvenir articles. The pool facilities at Camp Rolling Hills, a hay ride and pony rides will be available to everyone. For those who enjoy calmer activities, we have everyone’s favorite, “Bingo”. Or you can just relax and enjoy live music. For those who will be visiting us for the first time, you won’t want to miss our guided Continued on page 10, column 2 ACTUARIAL COMMENTS Bruce and Bruce Company In the March-April edition we talked with you about taking advantage of the new 1980 CSO law to get more insurance without increasing your WPA premiums. Specifically we urged you to: 1. Use the cash values in your present William Penn certificates to convert to the new 1980 CSO Single Premium Whole Life plan; 2. Continue to pay your present premiums to the Association, using them to buy one of the new forms of annual (or monthly) premium plans; 3. Catch up with inflation — and with your dependents’ needs — by increasing the premiums that you put into this new plan. Probably you can afford more premium dollars — and your family almost certainly needs more protection — than when you first bought your present certificates. These are sound ideas and real bargains. If you have not already done so, we urge you to act upon them. But the Single Premium Whole Life plan has other uses too, besides conversions of your present certificates. If your dependents would be hard pressed in the event of your early death, you can now increase their protection inexpensively for one lump-sum payment. For instance, you can provide them with $5,000 of additional protection by one payment of only: $715 if you are age 35 and in good health; $1,080 if you are age 45. Besides, if dividends are maintained as presently planned, there will be $1,530 of paid up additions 10 years from now and $3,775 after 20 years. All for $715 or $1,080. In order to cover the expenses of putting these new certificates on the books (as Continued on page 12, column 2 New Premiums Vital To Association Growth By Gus G. Nagy, National Secretary The William Penn Association, the largest Fraternal Benefit Society, (per assets) in the State of Pennsylvania, was organized in Hazleton in 1886. The primary mission of the Association is to provide financial security and fraternal benefits to its members, which makes the Association a non-profit organization and does not have to pay income taxes because they support fraternal activities. The fraternal activities in all the Branches should encompass the youth and the older members of the Association. We just received a report from the National Fraternal Congress that they received our 1984 activities and these, along with the fraternal activities of all other fraternal societies which encompasses the National Fraternal Congress, will be available from that headquarters to all government agencies and individuals when tax status of the fraternal benefit association will be discussed. The federal government is attempting to find ways to tax the fraternal benefit associations and we are preparing ourselves to answer some of the questions they have about our fraternal and insurance activities. Many of our Branches were late in submitting their financial, fraternal and election reports to the Home Office this year, resulting in delays in making compulsory reports. Please make every effort to have reports submitted when requested. We are fortunate to now have Fraternal Director John Tusai, (recently appointed) to coordinate fraternal activities for the William Penn Association. He will be in contact with the Branch officers and will assist wherever he can in the fraternal activities of the Branches. All Branch fraternal activities should be planned on membership increase (especially children). We must have new members to have money to support the cost of the fraternal program. Many organizations do not realize that new premiums from new members is what supports the cost of fraternal programs. We at William Penn Association have this goal in mind. 2
