FES LIFE INVESTMENT PROGRAM

1. The FES Board of Directors approved closing the Life Investment Program to new applicants on August 4, 1994, as there has been no recent request for participation, and the fund supporting the program is depleted. All current participants will continue to receive benefits as described in the following policy.

2. FES Life Investment Program current participants will have dues paid for life regardless of the amount of annual dues that may be approved by National (NSPE), State (FES) or the FES chapter in the future.

3. Termination of membership in the Society for any reason by a participating member will cause a forfeiture of any further benefits.

4. A participating member in the FES/LIP moving to another state will continue to receive FES benefits and will have NSPE dues paid, but not local chapter dues.

5. Any responsibilities previously assigned to the FES/LIP Board of Trustees shall become the responsibility of the FES Budget Committee.

ADOPTED BY THE FES BOARD OF DIRECTORS
October 2-3, 1970

Revisions approved by the FES Board of Directors
October 11-12, 1973
June 24, 1978
June 12, 1981
August 1, 1991
August 4, 1994

Reaffirmed by the FES Board of Directors
August 6, 1998