Board Meeting Synopsis

September 2, 2020

The Board of Directors met for its regular meeting on Wednesday, September 2, 2020 via Zoom video conferencing service. All directors were present as well as society officers.

Actions of the Board during its meeting included the following:

  1. Received and accepted reports from the Executive Committee.
  2. Received and accepted reports from the Audit Committee.
  3. Reviewed and ratified the investment transactions for the second quarter of 2020.
  4. Voted to eliminate Chapter Funds on Deposit with the Society.
  5. Approved updates in Interest Crediting Rates.
  6. Approved the required Corporate Governance Annual Disclosure filing for 2019.
  7. Reviewed and discussed June 30, 2020 financial reports for the society including the Quarterly Statutory Statement for the period ending June 30, 2020.
  8. Received and discussed reports from society officers.

Facts on Aging

Per AARP, in 2002, 25 percent of all workers were 50-plus. But, by 2022, 35 percent of people in the labor force will be age 50-plus.
 
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