Author Topic: Free Professional Society Dues After ...  (Read 2989 times)

Joggernot

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Free Professional Society Dues After ...
« on: May 08, 2014, 02:32:23 PM »
I retired five years ago and just today I learned that for retired members, my professional society gives 100% dues reduction to retirees with more than 30 years in the society.  I joined in 1973, so I now have lifetime free dues in the society!  Yes, the first 30 years were well worth being a member of the society, but the last 10 were marginal.  No, I won't try to get a refund for the last five years.  But, if your're retired and a bit older, look into the free membership.

TomTX

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Re: Free Professional Society Dues After ...
« Reply #1 on: May 08, 2014, 07:16:54 PM »
Good point. A fair number of professional societies do something similar.

MrsPete

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Re: Free Professional Society Dues After ...
« Reply #2 on: May 08, 2014, 07:49:39 PM »
Once you're retired, what do you get from your professional society?  I'm a member of one, but I do it ONLY for the insurance.  I don't even get any reading material that's of real interest to me -- all they ever send out is political junk that I try to avoid.  I suppose other societies must vary. 

I'll share a tidbit from the other end of the spectrum:  You could join my professional organization for a super-low price while you're still in college -- I'm thinking it was like $5/year or something ridiculously low -- and IF you were a member in college, you could belong during your first year of career work for 1/2 price.  I did it, and it was worthwhile.  Sure, it's a temporary benefit, but that first year out of college can be tough financially! 

MMMdude

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Re: Free Professional Society Dues After ...
« Reply #3 on: May 08, 2014, 08:07:26 PM »
We have rule of 90 (age+ years in Institute) whereby 100% of dues are eliminated.  They have 50% reduction if your income is less than $30k per year and reductions for things like medical leave

Rural

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Re: Free Professional Society Dues After ...
« Reply #4 on: May 09, 2014, 03:31:52 AM »
Ours is based on income, which is completely self-reported. I think they do all right. Probably a status thing, bragging about how much you make.

There's a tremendously reduced fee for retirees.

As for what you get out of it after retirement, well, I'll get the same things as I get right now, which are primarily the major journal subscriptions.

Joggernot

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Re: Free Professional Society Dues After ...
« Reply #5 on: May 09, 2014, 05:53:39 AM »
As for what you get out of it after retirement, well, I'll get the same things as I get right now, which are primarily the major journal subscriptions.
Yes, I get one good magazine and one technical journal.  Both are worth reading at least in part.  I don't use their insurance.

MMMdude

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Re: Free Professional Society Dues After ...
« Reply #6 on: March 24, 2016, 07:49:08 PM »
We have rule of 90 (age+ years in Institute) whereby 100% of dues are eliminated.  They have 50% reduction if your income is less than $30k per year and reductions for things like medical leave

Bumping this from way back.  They've ditched the rule of 90 and it is solely based on active earnings.  This is awesome news for early retirees and by my math i just made about $19,000!  $700 per year X 33 (3% withdrawal rate) that i would need to save to pay for this each year