What does it mean to be eligible for reduced dues due to retirement?
For 2009, there are two categories under which members could pay reduced membership dues due to retirement. They were category 2: attainment of age 55 and retirement to the point of current year’s income (excluding retirement pay, Social Security or equivalent benefits and investment income) not exceeding the 2009 income limit ($30,000) or category 3: attainment of age 70. While the categories do not change frequently, they are subject to change so members should check the SOA Web site for the most current information. The income limit changes annually (it is currently set at 80 percent of the U.S. per capita income, rounded to the nearest thousand).
