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1. SUBSCRIPTION PAYMENT RATES 1-50 employees inclusive :30,000.00 51-100 employees inclusive :34,500.00 101-4,000 employees inclusive : 21,400.00 for every 100 employees or part thereof. Over 4,000 employees : Use the above rate for the first 4,000 then add 10,700.00 for every 100 employees over 4,000 employees or part thereof. 2. MEMBERSHIP CATEGORY Profit making institutions – pays 100% of the prescribed subscription rate Educational, Medical institutions - pays 75% of the prescribed subscription rate Charitable, Religious institutions - pays 50% of the prescribed subscription rate 3. OTHER CHARGES APPLICABLE TO NEW MEMBERS ONLY Entrance Fee: 5,000.00 Paid Once On Joining Building Levy: 10% Of Annual Subscription, Paid Once On Joining 4. EXAMPLES ON CALCULATING SUBSCRIPTIONS a) For 49 employees TOTAL = 30,000+5,000+3,000=38,000.00. b) For 87 employees TOTAL =34,500+5,000+3,450=42,950.00. c) For 3912 employees TOTAL= 21,400X40+5,000+85,600=856,000+5,000+85,600=946,600.00. d) For 4213 employees TOTAL=856,000+10,700X3+5,000+88,810=888,100+5,000+88,810=981,910.00 |