Proposed Dues Bylaw
Summary
The current GEO dues bylaw, setting dues at 1.37%, was passed 14 years ago. Since then, the per capita fees we pay to our affiliates have risen more rapidly than the money collected from members' dues, meaning that the resources available for GEO to use locally have been diminishing steadily. Under the proposed bylaw, there will be a small dues increase phased over three years so that, by 2010, member dues will be 1.50%. More importantly, there will be a change in the dues structure. The new dues structure will require dues to be recalculated annually, insuring that GEO's operating budget will not be affected by increases in the per capita fees assessed by affiliates.
Language of the Proposed Dues Bylaw
The following language is the full text of the proposed dues bylaw. This is what members are voting to approve or voting to not approve.
A. Dues for the 2007-2008 Academic YearFor all terms ending on or after September 1, 2007 and on or before August 31, 2008, dues for members of the Organization shall be the sum of forty-five one-hundredths of one percent (0.45%) of the member's salary to be used to pay per capita fees to Affiliates and one percent (1.00%) of the member's salary to be used for the remainder of the Organization's financial obligations. B. Dues for the 2008-2009 Academic YearFor all terms ending on or after September 1, 2008 and on or before August 31, 2009, dues for members of the Organization shall be the sum of four tenths of one percent (0.40%) of the member's salary to be used to pay per capita fees to Affiliates and one and five one-hundredths percent (1.05%) of the member's salary to be used for the remainder of the Organization's financial obligations. C. Dues for the 2009-2010 Academic YearFor all terms ending on or after September 1, 2009 and on or before August 31, 2010, dues for members of the Organization shall be the sum of forty-five one-hundredths of one percent (0.45%) of the member's salary to be used to pay per capita fees to Affiliates and one and five one-hundredths percent (1.05%) of the member's salary to used for the remainder of the Organization's financial obligations. D. Establishment of Dues after the 2009-2010 Academic YearFor all terms ending on or after September 1, 2010, the dues for members of the Organization shall be the sum of the amount of the per capita fees the Organization is required to pay to Affiliates on behalf of the member; and, one and five one-hundredths percent (1.05%) of the member's salary to used for the remainder of the Organization's financial obligations. |