TO: SPEEA Council
FROM: Jimmie Mathis (SPEEA Treasurer), SPEEA Council Officers
SUBJECT: PRE-SUBMITTED NEW BUSINESS: IFPTE REFERENDUM-Per Capita Tax Assessment
Referendum-Per Capita Tax Assessment Article 13, Section 13.1(d)
The IFPTE Executive Council has approved a referendum to SPEEA and the other IFPTE bodies for a $0.15 surcharge on the Per Capita tax. SPEEA has a voting strength of 139.
The IFPTE Referendum Ballot is to approve the enactment of a $0.15 Per Cap surcharge to the per capita tax formula outlined in Article 13 of the 2009 IFPTE Constitution. The $0.15 per month per capita tax will commence in the second quarter of 2011 (April payment due in May), and will continue until April 2031.
This assessment will be used for the sole purpose of withdrawing the Federation from the National Integrated Group Pension Plan (NIGPP). All IFPTE Locals have been provided extensive information explaining the need to withdraw from the NIGPP plan.
The SPEEA Council will be casting SPEEA’s 139 votes on this referendum.
SPEEA has an extensive Contract Administrator and legal support that is not available to most locals. Because SPEEA does not require as many resources, the SPEEA Per Capita is reduced to and the actual Per Capita surcharge amounts to $0.10/member/month.
It is moved that: THE SPEEA COUNCIL APPROVES CASTING 139 VOTES FOR THE IFPTE PER CAPITA REFERENDUM.