Lady Grover’s Hospital Fund for Officers’ Families

Member Distribution Payment Process

Following approval at the Special General Meeting (“SGM”) last October, the Society registered new Rules which took effect on 1 January 2022. These provide for future benefits to be paid on a discretionary basis rather than under a contract of insurance.

We undertook to distribute part of our reserves to members as at 31 December 2021, provided they had joined the Society no later than 31 January 2021. The payment process will be straightforward for those members who pay the correct subscription and where we have up-to-date bank details, these include those who have paid recently by direct debit or standing order. 

The payment will be based on the age of the oldest beneficiary as at 31 December 2021 and the membership type.  The table below shows the respective entitlements.

Attained age at 31/12/2021 (age of beneficiary for Officer members)Officer Members, Divorcees, Adult ChildrenWidow(er) Members
Under 50£100£250
50 to 69£100£350
70 or over£200£450

We will be carrying out the payment process in two parts; those with e-mail addresses, who are the majority of members, will be approached and paid first followed by those without e-mail addresses. 

Members will receive an e-mail (or letter for those without e-mail addresses) detailing their oldest beneficiary’s date of birth, membership type and payment amount.  As several members have indicated that they wish to forego the payment and would prefer the Society to retain this amount for the future benefit of members we will provide members with an opportunity to instruct us to do this.