ZajednicÌŒar = Fraternalist. [volume] (Allegheny, Pa.) 1894-current, 1959-10-07

Notwithstanding the comparative demonstra-
ted by the foregoing table, revsons must be made in
the rates and benefits offered The rates have been
effect for many years. Notwithstanding the constant rate
of Blue Cross and other similar organizations in
the past years. Also additional must be
provided to establish additional being requested by
Insurance Departments Steps in this direction
the best interests of all sick and accident members and
should be supported
salaries paid the top Officers of the Union are
low the salary level paid commercial companies and fra
ternal societies of comparable Officers who
age the Unions twenty-five million dollars of assets
cessfuly and who bring members and increase
insurance force at such low acquisition expenses worth
many hundreds of thousands dollars annually the
Union.
Many financial institutions the size and stature of the
Union compensate their Presidents at the rate of
year To equal what other fraternal societies Of
parable size will be doing in the coming year. salary of
not less than $4,000 would be required Anything below
this level will represent in opinion inadequate compen
saon for the quality of services received We urge the
Union to increase the compensation of it's top Officers to
level consistent with the standing and position Of the Union
Summary schedules to show the salaries paid by other in
organizations for both Officers employees
been submitted to the Officers to support this
dation.
'4" Recommendations
The following recommendations are made by the &C.
tuary:
1. Offer limited number of dividend options the de-
termination of the benefits the manner of application
to be left to the Officers
2 Revise the dividend scale to a equitable basis
The scale should be designed that the Union can
increase decrease the total dividends to be paid
to reflect the actual profit experience during year
The Union must retain larger share of the profits each
year for the safety of the membership
Increase the salaries of the top Officers to reflect
the value of past services and, at the time anti
cpate future nationary trends which otherwise
duce the effective purchasing power of the salaries of the
Officers each year.
Increase the average size certificate in force by sell
ing larger amounts of insurance and by eliminating far
possible the sale of $500 certificates should be anc
pated that between and the next Convention min
nnum contract which be sold will need be increased
to $500 possibly $1,000.
to conservative and economical operation should be con-
tinued. Emphasis ON the need for members and in
creased amounts of insurance should be continued.
The Union has enjoyed very favorable experience dur
ing the past four particularly in view of the difficult
economic times Reserves maintained on conservative
basis to guarantee members that their claims
paid in full they arise The significant operating ratios
indicate the high quality Of leadership enjoyed by the Union
and explain why the Union is a leader in it's field
has been privilege and pleasure to be associated
with the Union and appreciate the fine cooperation
dered by the Officers the completion Of all actuarial
ngnments Respectfully submitted,
Harley n. Bruce and Associates