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Is it true that the BR&CF offers a one-time retirement benefit to its members?

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Is it true that the BR&CF offers a one-time retirement benefit to its members?

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Article XIV in the BR&CF Constitution speaks to the issue of a one-time benefit for Retirement. In order to be eligible to receive this benefit, a member must be In Good and Regular Standing, and must have a continuous beneficial membership of ten years or more upon attaining the age of fifty-five years or more. Retirement benefits will be $500 for ten years of continuous beneficial membership with an additional $50 for each succeeding twelve month period in which the member maintained Good and Regular Standing. Refer to Article XIV in your Constitution for more details.

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