Recent Payments Through 2016 the society paid out to members who retired due to age and medical a total of £13859.62
Here are some examples of benefits actually paid to members in return for a modest contribution of 80p per week for sickness benefits and 20p per week for provident benefit.
Mr W Northfleet
Mr W retired at 65 after 30 years of membership of the Society. He received a lump sum payment from the Provident Fund of £765.00 in return for total contributions paid of £312.80 In addition, as a result of his good sickness record (he had claimed just £40.00 in sickness benefits during his membership), he received a partial refund of his contributions to the Sick Fund amounting to £437.65
A total payout of £1,202.65
Mr B - Medical Retirement Private Member
Mr B retired for medical reasons at age 64 after 42 years of membership. He received a lump sum payment from the Provident Fund of £800.20 in return for total contributions paid of £318.28 He had also claimed £488.10 in sickness benefits during his membership, having paid in contributions of £980.89 to the Sick Fund,receiving £246.40 refund
Total pay out of £1046.60
Mr S- Medical Retirement
Although Mr S has only been a member of the Society for 8years, he has unfortunately suffered with ill health on a regular basis, and received a total of £735.50 from the Sick Fund in return for total contributions of £302.40
On being medically retired he also received a payment of £215.00 from the Provident Fund having paid £77.60 in contrbutions.
