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PATACSI Fellows Assistance Plan

500.00

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Description

PATACSI Fellows Assistance Plan

PATACSI Fellows Financial Assistance Plan (PFFAP)

The PFFAP is a one-time monetary support to a PATACSI Fellow for his/her hospitalization or death. It is befitting that, as a society, we have a definite plan in place to help a colleague or his/her family during a difficult time. This is also a token of appreciation to our senior colleagues for their long years of service to our society.

Contributions:

Annual contribution of PhP 500 per active fellow which is due every December 29th.

Delinquency:

Non-payment of annual contribution for 2 years shall render the fellow inactive, and therefore, ineligible for benefits.

Reinstatement of delinquent members:

Upon payment of back dues plus 10% of the said amount, the delinquent member becomes eligible for full benefit.

Benefits:

A total amount of one hundred thousand Pesos (Php 100,000.00) shall be given to a qualified member as requested during his/her major illness*, permanent major disability^, or mandatory to the bereaved family.

The full amount is provided as a one time benefit and is exclusive of other donations from the members.

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