| A PENSION PLAN FOR MELINDA | ||||||||||||||||
![]() From the Subud USA Board of Directors: It's time for us all to rally for one of the most dedicated Subud workers in the history of Subud USA: Melinda Wallis.
Aliman Sears & Deliana Fuddy with Melinda at the national office, 2006
So, growing out of an appreciation for Melinda's service and a love for her personally we are now starting to plan a pension for Melinda, who is already 65 but plans to continue working for us all. She loves this job, working for you in Subud. Our goal is to provide a pension of $500 per month for Melinda in addition to what she will receive from Social Security. Melinda's pension plan will have three components. The first component is similar to an IRA or a Keogh plan. During our national congress last year in Vancouver, $3,300 was raised for Melinda. Our budget will add $2,100 per year to this account, which will build to $15,000 in five years. The $15,000 becomes Melinda's personal money, and she will be able to withdraw that amount when she chooses. In addition, when Melinda retires, Subud USA will continue paying $2,100 per year, which is $175 per month, directly to Melinda as part of her pension. We calculate that this $175 per month, plus the revenues from the $15,000, will be equivalent to a payment of $250 per month. The third component is more novel. We will build a Pension Endowment Fund, for Melinda and for future employees of Subud USA. The principal of this Fund will remain (forever) with Subud USA, but the interest income earned from this Fund will be used to augment Melinda's pension. Our goal is to raise $65,000 for this Pension Endowment Fund. Assuming interest rates hover around 5%, this fund will then provide another $250 per month for Melinda. Of course we need your contributions to provide a pension for Melinda. Please make your check payable to Subud USA, and mark it 'For Pension Endowment Fund - Melinda'. This and all donations to Subud USA are tax deductible.
If you prefer to send a contribution using a credit card, you may do so by filling in the form HERE. |
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Melinda's Gallery
Working hard preparing to send supplies to our adopted school in Slidell, Louisiana, after Hurricane Katrina
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| Subud USA Home Page: http://www.subudusa.org | ||||||||||||||||