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  #31  
Old 11-16-2017, 12:26 PM
Cooke Cooke is offline
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Originally Posted by twig93 View Post
Silly Canadians!
Canadian tax treatment must have changed since my working days as it was not a taxable benefit then when my employer paid the dues in those days. As a retiree I can only deduct the fees I pay if I can show they are a necessary business expense.

Alan
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  #32  
Old 11-16-2017, 01:51 PM
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whoanonstop whoanonstop is offline
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Originally Posted by twig93 View Post
Sure. From a purely selfish standpoint, it's 15 more frequent flier miles for me since I get to pay the dues with my credit card and get reimbursed by my employer.

But it seems like they're ripping off my employer when they should be reducing the dues rather than increasing them.
Can you outline why the benefits of decreasing the dues outweigh the benefits of increasing them?

Also, don't assume that just because your employer pays for them that they are completely free to you.

LOL and I literally just checked what the increase was. Dues could easily be (and probably should be) in the 4 digits. Even if companies stopped paying for dues, a person wouldn't churn out from being an ASA/FSA over a few hundred dollars.

Again, the credentials that are harbored by the SOA and CAS are creating way more value for actuaries than the cost of the dues. If anyone wants to challenge this statement, drop your credential and see if you can make the same amount of money anywhere else.

-Riley
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  #33  
Old 11-16-2017, 01:59 PM
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Even the SOA deserves a COLA increase. If you don't comply, the SOA will get a new job at a competitor.
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  #34  
Old 11-16-2017, 02:03 PM
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I dunno, it's pretty high for professional dues.

CFA dues: $275
https://www.cfainstitute.org/communi...ges/index.aspx

IEEE dues: $201 (U.S. full membership...what an odd number)
https://www.ieee.org/membership_serv...join_dues.html

even funnier:
Quote:
1. This amount will vary from US$201-US$203 depending your region.
CPA dues: $455 at highest level
https://www.aicpa.org/MEMBERSHIP/DUES

ABA: $467 at highest
https://www.americanbar.org/membersh...igibility.html
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  #35  
Old 11-16-2017, 02:14 PM
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If I can't go to most meetings, what do I get for Section dues that I can't otherwise get?
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  #36  
Old 11-16-2017, 02:17 PM
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Quote:
Originally Posted by campbell View Post
I dunno, it's pretty high for professional dues.

CFA dues: $275
https://www.cfainstitute.org/communi...ges/index.aspx

IEEE dues: $201 (U.S. full membership...what an odd number)
https://www.ieee.org/membership_serv...join_dues.html

even funnier:


CPA dues: $455 at highest level
https://www.aicpa.org/MEMBERSHIP/DUES

ABA: $467 at highest
https://www.americanbar.org/membersh...igibility.html
So either all fees are low or the benefits from FSA/ASA increase the perception of what someone should be paid by more...

-Riley
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  #37  
Old 11-16-2017, 02:53 PM
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Originally Posted by kazh View Post
If I can't go to most meetings, what do I get for Section dues that I can't otherwise get?
It depends on the section what you get with those dues.

1. Many of the sections (but not all) have a print newsletter that will get mailed to you

2. A few sections have members-only content, or discounts on webcasts, etc.

3. Some contests (like the Investment Section's contest that I won an iPad with one year) are open only to section members

4. You have to be a section member to be on the section council (some people like to do this, because you get to make contacts with people of similar interests that you normally wouldn't; if you become chair of a section, you can go to meetings of section chairs... and the SOA covers this expense)

5. Some sections use their dues money to support research projects related to their topic, and some would like to support that
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  #38  
Old 11-16-2017, 02:53 PM
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Oh look, there's a page:
https://www.soa.org/sections/section-benefits/
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  #39  
Old 11-16-2017, 02:58 PM
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Mary Pat Campbell
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Resources I have used from my section memberships (other than the being-on-section-council-thing):

- getAbstract (I get one summary emailed to me per week, and I also look up summaries for books I'm interested in)
- EBSCO Business Source Corporate Plus - I read HBR, etc. here and research stuff
- EBSCO Risk Management e-Library - research
- Leadership Inspiration Contest (I've gotten Amazon gift cards from that)
- Asset Allocation Contest (gotten an iPad from this one)

I see Speculative Fiction Contest, but I'm pretty sure you don't need to be a section member for that.
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  #40  
Old 11-16-2017, 03:06 PM
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Quote:
Originally Posted by whoanonstop View Post
Can you outline why the benefits of decreasing the dues outweigh the benefits of increasing them?
Sure:
Benefits of decreasing dues: More money for my employer which theoretically means more money for me.

Benefits of increasing dues: None... unless I'm mistaken, the SOA is already rolling in money and raking it in every year with exam fees such that the stash of cash is ever increasing already.

Quote:
Also, don't assume that just because your employer pays for them that they are completely free to you.
I'm not assuming that.
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