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Originally Posted by RoughAshlar
Do you have any more information on this? The cost of the lifetime dues, how they are invested etc? We dont have anything like this in my lodge and Im thinking of doing up a proposal. Id like to see how other lodges are doing this beforehand.
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It is going to vary. Usually the Grand Lodge has a system in place for this. It is based on 20 years membership in FL if I remember correctly based on the current rates. So if your Lodge dues are $50 a year, times that by 20 ($1000) and thats the life time dues.
Again depending on the Grand Lodge if I read correctly will depend on how the funds are managed. Some Grand Lodges keep the money and put it into a fund and the Lodge gets money each year. Others the Lodge keeps the money, puts it in a fund and then pays the Grand Lodge every year out of that fund.