Friendly SocietiesPublished for the Institute of Actuaries and the Faculty of Actuaries at the University Press, 1951 - Fraternal organizations - 126 pages |
From inside the book
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Page 26
... 26 weeks , is often allowed in the case of the death benefit . The continued non - payment of contributions for a further prescribed period , such as 26 weeks , entails the exclusion of the member from the society , and a member who ...
... 26 weeks , is often allowed in the case of the death benefit . The continued non - payment of contributions for a further prescribed period , such as 26 weeks , entails the exclusion of the member from the society , and a member who ...
Page 81
... 26 weeks , 10s . second 26 weeks , 5s . remainder of illness ) , subject to an off - period as described earlier . There is thus no arbitrary limit to the total amount a member may draw in sick pay ; this amount depends upon the number ...
... 26 weeks , 10s . second 26 weeks , 5s . remainder of illness ) , subject to an off - period as described earlier . There is thus no arbitrary limit to the total amount a member may draw in sick pay ; this amount depends upon the number ...
Page 83
... 26 weeks and half pay for a further 26 weeks . In such circumstances it would not be correct to value the benefits by employing only the first and second 6 months ' sickness factors , since , as no certificate of recovery is required ...
... 26 weeks and half pay for a further 26 weeks . In such circumstances it would not be correct to value the benefits by employing only the first and second 6 months ' sickness factors , since , as no certificate of recovery is required ...
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Common terms and phrases
26 weeks actual actuary adjustment adopted affiliated orders age at entry age groups allowed amount annuity appropriate arise benefit fund benefit payable calculated Central Fund certificate committee of management consideration corresponding death benefits deposit account dissolution district funeral fund employment expected exposed to risk Faculty of Actuaries form F Friendly Societies Act full pay future important income increase Industrial Assurance Insurance investments levy management fund membership method mortality experience necessary negative values normally number of members obtained paid pay for 26 payable on death payment pension practice profit and loss quinquennial rate of benefit rate of claim rates of sickness reduced regard registered friendly societies Registrar reserve respect Section sick pay sickness benefit sickness claims experience sickness experience sickness rates standard table surplus or deficiency tion type of benefit unemployment benefit usually valuation balance sheet valuation basis valuation date weeks of sickness withdrawal