ANNOUNCING NEW WELFARE PACKAGES FOR THE INSTITUTE’S FINANCIAL MEMBERS

 We are pleased to inform our esteemed members that with effect from January 1, 2013, members of the Institute would be enjoying the following welfare packages:

 1.      Group Life Insurance:

This policy, which is to the tune of Seven hundred and fifty thousand naira only (N750,000.00) covers all FINANCIAL MEMBERS of the Institute.

 2.       Group Personal Accident Insurance:

This policy, which is to the tune of One hundred million naira only (N1,000,000.00) covers all members of Council and the various Committees of Council.  

 PLEASE, PROVIDE ANSWERS TO THE FOLLOWING:

 i.        Who is a financial member?

 Answer:

A financial member is someone who had paid ALL his/her financial dues to the Institute.

 ii.       What encompasses ‘ALL FINANCIAL DUES?’

 Answer:

All Financial dues encompass not only the yearly subscription but also Building levy, District levy, e.t.c.,

 iii.      If I have an outstanding of 5 years but paid the current year only, would I be covered?

 Answer:

No, you are not!!! You have to offset all the 5 years’ outstanding before you could enjoy any of these benefits.

 iv.      Who will pay the premium?

 Answer:

The Institute has taken up the responsibility of paying the premium for these policies at no extra cost to members. That is why members are being advised to ensure that they fulfil their financial obligations to the Institute as at when due to enable them enjoy these and other welfare packages to be put in place by the Institute.

 BENEFIT FOR ELDERLY/RETIRED MEMBERS OF THE INSTITUTE

Council has also approved the following benefits, with effect from January 1, 2013 for any member who is 65 years and above:

                            i.            Exemption from paying Annual Subscription

                          ii.            Free attendance of one MPTP per year; and

                          iii.          Payment of 50% on Annual Dinner and Annual Tax Conference fees

Question:

What if I have retired from active work before 65, am I entitled to this benefit:

 Answer:

Only members who are65 years and above are automatic benefactor irrespective of whether they are in active service or not.

 Question:

What if I am not financially up to date by the time I clock 65 years?

 Answer:

Beneficiary of this privilege MUST be financially up-to-date when he/she clocks 65 years. if not, to qualify, all outstanding up to and including when such member become 65 years old must be paid.