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  #51  
Old 11-16-2017, 06:00 PM
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Turd Ferguson Turd Ferguson is offline
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I don't think it matters. 99% sure I can deduct my fees at tax time if I actually paid them myself, which would make having them be a taxable benefit if paid by the employer even weirder.
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  #52  
Old 11-16-2017, 06:37 PM
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Quote:
Originally Posted by Turd Ferguson View Post
I don't think it matters. 99% sure I can deduct my fees at tax time if I actually paid them myself, which would make having them be a taxable benefit if paid by the employer even weirder.

Sounds like an accounting error... the reimbursement is getting mis-classified somehow. Seems like something he should take up with his employer... or perhaps just re-deduct them from his personal return if that gets him to the same place, money-wise (it often wouldn't in the United States due to thresholds and limits, but YMMV).
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  #53  
Old 11-16-2017, 06:50 PM
Cooke Cooke is offline
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Originally Posted by jas66Kent View Post
You guys have it easy....

FIA dues are 730 ($963 US or $1,228 CAN) this year.
A fairer comparison to the American situation might be to add AAA dues to SOA or CAS fees as the FIA effectively provides what the AAA plus CAS or SOA provides in total. Similarly, the CIA fee covers for Canadians what the combined American entities provide.

Alan
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  #54  
Old 11-16-2017, 06:58 PM
jas66Kent jas66Kent is offline
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One of the problems with the IFoA structure is that they do not allow non-members to take their exams (with only the exception of CT1).

So basically, you have to become a member in order to write the preliminary exams.

I think that is a mistake, as it limits potential entrants.
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  #55  
Old 11-16-2017, 07:02 PM
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Marcie Marcie is offline
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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
Those are all odd numbers, Ms Campbell.
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  #56  
Old 11-16-2017, 07:03 PM
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Quote:
Originally Posted by jas66Kent View Post
One of the problems with the IFoA structure is that they do not allow non-members to take their exams (with only the exception of CT1).

So basically, you have to become a member in order to write the preliminary exams.

I think that is a mistake, as it limits potential entrants.
Do you have to become a member to bypass exams through course exemptions, Jason?

Asking for a friend.
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  #57  
Old 11-16-2017, 07:09 PM
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Quote:
Originally Posted by NormalDan View Post
P&C exams are expensive to administer
Quote:
Originally Posted by Arthur Itas View Post
Covering legal costs?
These were my first two thoughts.

Does the SOA still have two FCASs on the payroll running the GI track? If so, a couple dozen exams a year probably isn't going to cover their salaries. Not to mention the spend on the big marketing push.

And suing the AAA/ABCD can't be cheap (unless you win - eh Bruce?)
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  #58  
Old 11-16-2017, 07:12 PM
jas66Kent jas66Kent is offline
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Originally Posted by Marcie View Post
Do you have to become a member to bypass exams through course exemptions, Jason?

Asking for a friend.
Yes. Primarily because you still need to pay to make the exemptions official with the IfoA. You cannot do that unless you are a member.
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  #59  
Old 11-16-2017, 10:15 PM
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My total cost for SOA + AAA dues was $1425
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  #60  
Old 11-16-2017, 10:15 PM
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Holy crap you guys are sitting on a pile of cash.

https://www.soa.org/about/2016-year-review.pdf
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