The Washington times., 1902-03-16
THE MODERN W00DMEN.

The Modern Woodmen Of America. un-
der authority of the head camp. have had
an efficient committee and competent act
uary engaged for some weeks in formulat-
ing plan for readjustment Of rates,
with view to putting that society upon a
safe, equitable, and enduring basis for all
time to come. This committee has COM
pleted its report and announced its plan
1t is summarized below:
For the year beginning January 1.
1904, every beneficial member of the Mod
ern Woodmen of America shall pay upon
each assessment for $1,000 insurance a
sum equal to the monthly Mortality
Rate" shown in the annexed table. cor
responding to his attained age computed
from his nearest birthday. and from and
after the 1st day of January of each and
every year thereafter he shall increase his
payments for mortality assessments each
succeeding year to a sum corresponding
to the monthly Mortality Rate" for that
year. until he shall nave reached seventy
years of age, and thereafter the pay
ments shall remain level and uniform
throughout life. provided that all mem
bers over seventy years Of age shall pay
$1.T5 per II 600 of insurance each assess
ment.
From and after January I, 1904, every
present member under seventy years OF
age shall pay upon each assessment Q
uniform sum equal to the reserve rate"
as shown. in the annexed table, corre-
spending to his attained age as computed
from his nearest birthday, until he shall
have reached seventy years Of age.
= Every person who shall become q
beneficial member on and after January
1, 1904. shall pay upon each assessment
sum equal to the monthly mortality
rate" corresponding to his age at entry.
as computed from his nearest birthday,
until the first day of January of tho
next succeeding year, when his payments
upon each assessment for mortality pur-
poses shall increase as provided in Sec
tion l.
Every person becoming a beneficial
member on and after January 1, 1904,
shall also pay upon each assessment
uniform sum equal to the reserve rate"
as shown in the annexed table, corre-
spending to his age at entry, until he
shall have reached seventy years Of age.
III at any time the mortuary accumu-
iation from monthly assessments should
exceed the current mortuary COST and be
suficient to avoid the necessity for call
ing OF the next assessment, the same may
be omitted.
Each present member at his attained
age and each future member at his entry
age shall pay to the mortality fund. per
Sl,ooO protection. upon each assessment
the sum corresponding to his attained or
entry age increasing from year to year,
until seventy. and remaining level there
after.
Each present member at his attained
age. and each future member at his entry
age, under seventy years, shall pay, per
$1,000 protection, upon each assessment,
the sum in the table correspond
ing to his attained or entry age.
which shall remain level until aged sew
enty. and then discontinue This sum in
cludes the reserve contribution, which is
to maintain the mortality rate
level at and after seventy years of age.
and also the equal fraternaI levy Of i've
cents month, which is intended to SUP
plemeEt the reserve contributions OF
members forty-six years of age and over.
This plan shall be in full force and ef-
'ect on and after January 1. 1904"