scouts-l Mail Archive for November of 1999: Re: Uniform suggestions?
MAJ) Mike Walton (settummanque, the blackeagle (blackeagle@SCOUTER.NET
Wed Nov 03 1999 - 22:13:01 CST
Earlier, we were talking about the BSA's retirement fund; specifically:
Sarah noted Ed Dunn's comments about the sales of BSA uniform and supplies:
>>Sandy, while I applaud your ideas, I will remind you of the fact that
>>the uniforms are sold to make money that goes into Boy Scout
>>professional retirement! That is why the high price. I laughed when I
>>read about the red jackshirt being changed-that is a key profit maker!
And I replied then:
Well, part of it anyways, Ed. There's something like a 60/20/20 split that
the money goes into; 60 percent to program and program support, 20 percent
to the Supply Division for suppliers, and 20 percent to the Scout
Executive's Alliance and to co-mingle with other funds for the Professional
I've had two replies from this; a fax from a professional finance director
and another correspondence from a longtime professional member. In both
cases, the "60/20/20" split" that I explained is inaccurate; it may have
applied back in the 70s and early 80s, but it doesn't apply now.
The professional retirement fund is not as completely dependent upon our
uniform purchases as we all may think. While it is true that uniforms and
insignia do help that fund, the fund is already more or less
"self-supporting" through investments and great management on the part of
the BSA's fund managers (don't ask me; I didn't ask and it's none of my
business who manages the BSA's retirement investments).
If we all NEVER bought another uniform, Ed, the professional retirement fund
would continue to survive and grow without it. According to one
professional, the breakdown goes something like this: interest-14.41%,
dividends-8.13%,gain on sale of investments-63.00%,unrealized gain on
investments-10.79%, BSA contributions-1.96%, employee contributions-1.71%.
Those were the percentages that he received from National.
As you can see, the employee (professional) contributes a percentage of
their salary to be matched by the BSA (as a corporate entity). I remember
reading this but I didn't contribute; only full-time professionals (as you
and several others were and some others are currently) are eligible to "buy
in" to the fund.
Someone else asked me to explain the Scout Executive Alliance, because they
have never heard of it or the term. I couldn't find my copy of the BSA
flyer from my Parapro stuff...but someone else graciously summarized what
the flyer explained (thank you!):
"The SEA is an insurance plan for professionals and pro-techs and is
voluntary. It was formed many years ago after the accidental deaths of some
professionals where their families had no money even for final expenses. The
only sources of funds for the SEA are the contributions of the members and
the proceeds from investments. The BSA does not contribute any money to the
SEA, and BSA's administrative expenses which are attributable to the SEA are
completely reimbursed by the SEA every year. There is no commingling of SEA
and retirement plan funds. To do so violates federal laws."
Sarah then continued to say:
>Am I the only one who is tired of this guy's sour grapes? Perhaps it's
>time to make an addition (only the second) to my twit filter.
to which I need to modify my response to her and all of you:
Nah...it's not really sour grapes; Ed's correct that some of the money paid
for the uniforms do go back to the BSA's general fund, and maybe a small
pay for the retirements of our professional cadre.... but also some of that
used to provide books and videotapes for your Council, too.
Thanks to those professionals out there whom are providing what they can
when they can to help me to tell ALL sides of the Scouting story as
accurately and with as much candor as I can! I do appreciate the "glances
over the shoulders" from my fellow Scouters!
(MAJ) Mike L. Walton (settummanque, the blackeagle)
personal inquiries via firstname.lastname@example.org,
blackeagle@SCOUTER.net or email@example.com
professional inquiries via firstname.lastname@example.org
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