As I understand it the increase will not apply to the 2011 returns; the increased returns will come due in 2012..............I could be wrong wouldn't be the first time :huh:.
The cost of an endowment is set by the individual lodge; the lodge must pay returns on both endowed members and lifetime members the difference being that the lodge doesn't get any disbursements for lifetime members and hopefully will for those endowed. We use to give lifetime membership to all of our past masters but began purchasing an endowment for them several years ago so that we could get the benefit of disbursements......hasn't worked out real well for the past couple of years but hopefully the worm will turn soon.
You are right the increase is not due till 2012, June I think it is? So we have a year and a half to get ready for it.
The Endowments will get a dispursment sometime in the near future. 4/5ths of the Grand West had to approve it being discussed and voted on but itt happened