Three
dollars of each member's dues per month goes into a retirement
investment account. Provided certain provision and restrictions are
complied with, members, upon retiring will receive a lump sum cash
payment in the guaranteed minimum amount of at least $1080 ($3/mo. x 30
years).
This amount is expected to increase substantially over the years
as the fund grows. The fund was established in 1997. Each year the Board
of Directors will vote to establish the amount of the gift for the
upcoming year based on investment returns, expected payouts and
contributions to the fund.
ATTENTION MEMBERS: YOU MUST NOTIFY US OF
YOUR INTENT TO RETIRE BY NOVEMBER 31 THE YEAR PRIOR TO YOUR RETIREMENT.
Failure to notify us may result in a delay in the disbursement of your
check.