YEAR 2013 FELLOWSHIP DUES
Readers of the 2013 Conference Budget recall that the estimated cost-of-living adjustment (COLA) for the fellowship dues rate was about 3%. The variables are now in place for an actual Conference fellowship dues rate for the ensuing calendar year because a COLA of 1.7% has been published. This means that the 2012 Annual Meeting’s approved fellowship dues rate for the Year 2013 will increase some, but not by the amount that the 2013 budget anticipates. This will result in an increase of 24 cents, from the current rate of $14.37 to the $14.61 rate per member for the 2013 calendar year.
According to fellowship dues policy, the Maine Conference increases/decreases its annual fellowship dues rate according to a COLA. The actual COLA driven rate adjustment plus any additional amount approved at the Annual Meeting then becomes the Maine Conference fellowship dues rate for the ensuing year. Conference policy pegs the fellowship dues rate to the Social Security Administration’s latest automatic COLA.
- The Social Security Administration’s announced COLA is 1.7% (versus the Conference’s 3% estimated in the 2013 budget). This resulted from slower-than-anticipated price inflation, as measured by the year-over-year change in the 3rd quarter’s Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).
For more on the CPI-W, please see: http://www.socialsecurity.gov/OACT/STATS/cpiw.html. The CPI-W is published by the U.S. Department of Labor’s (DOL) Bureau of Labor Statistics.