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Alumni Benefit Fund

Committee on Alumni Benefit Fund

Objective: To provide sickness and death benefit to UP Medical Alumni:

Eligibility: All graduates of the UP College of Medicine who have paid contributions to the mutual aid fund.

ORIGINAL PLAN FOR ALUMNI BENEFIT FUND

Contribution Benefit
Flat Rate Contribution = P 2,000.00 Sickness benefit
PhP 5,000 = 5 years
PhP 10,000 = 10 years after contribution
Death benefit
PhP 5,000 = 1-5 years after contribution
PhP 10,000 = 6-10 years after contribution
PhP 20,000 = 10 years after contribution



NEW GUIDELINES FOR ALUMNI BENEFIT FUND

The board also agreed with the new suggested contribution rates for the UPMAS benefits as shown below. The existing PHP 2000 fee is not enough to maintain the funds and give reasonable benefits to the members.

Age Group Recommended Contribution
Age less than 30 PhP 2,300
30 - 35 years old PhP 2,900
35 - 40 years old PhP 3,600
40 - 45 years old PhP 4,300
45 - 50 years old PhP 5,200
50 - 55 years old PhP 6,100
55 - 60 years old PhP 7,000

Recent improvement was approved by the 2011 Board effective 2012.

Contributions and benefits are doubled for those enrolling after January 1, 2012.

Present members have the option to double their benefits by paying the additional contribution based on the scale of the revised plan and based on their present age.

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