IEEE Financial Advantage Program Y. W. Liu – member of Individual Benefits and services Committee.

11
IEEE Financial Advantage Program Y. W. Liu – member of Individual Benefits and services Committee

Transcript of IEEE Financial Advantage Program Y. W. Liu – member of Individual Benefits and services Committee.

Page 1: IEEE Financial Advantage Program Y. W. Liu – member of Individual Benefits and services Committee.

IEEE Financial Advantage Program

Y. W. Liu – member of Individual Benefits and services Committee

Page 2: IEEE Financial Advantage Program Y. W. Liu – member of Individual Benefits and services Committee.

IEEE Financial Advantage Program MISSION

To enhance the value of IEEE membership A broad range of cost-saving and value-added

products and services that address the non-

technical needs of IEEE members and their families. Leveraging the buying power of over 365,000

members Value that provides members clear advantage over

non-members. Providing a non-dues revenue stream

Offset the dependency on association dues.

Page 3: IEEE Financial Advantage Program Y. W. Liu – member of Individual Benefits and services Committee.

FAP in USA Personal Insurance

Life, Healthcare, Long Term Care, Disability Income, Dental, Auto/Home, Accident, Cancer, Travel

Business Insurance Professional Liability, Small Employer

Member Credit Card Annual $4 million income to IEEE

Page 4: IEEE Financial Advantage Program Y. W. Liu – member of Individual Benefits and services Committee.

FAP in Asia Pacific Travel Insurance

Gateway International Gateway Premier Gateway Global Gateway USA Gateway visit America

Credit Card Hong Kong Singapore (coming soon)

Page 5: IEEE Financial Advantage Program Y. W. Liu – member of Individual Benefits and services Committee.

Hong Kong Credit Card

Page 6: IEEE Financial Advantage Program Y. W. Liu – member of Individual Benefits and services Committee.

Hong Kong Credit Card Partner with local bank Established in 2000 With contract for eight years and extend

automatically About US$3,000 annual rebate in form of

donation to Hong Kong Section Promote the Card Program in Newsletter Virtually no administration cost

Page 7: IEEE Financial Advantage Program Y. W. Liu – member of Individual Benefits and services Committee.

FAP Development process Ask your benefits partner to make a pro

posal Get support and approval from Section Refer to IBSC to negotiate IEEE Corporate and Legal Review IEEE Excom for approval HQ is exploring with world corporate

Page 8: IEEE Financial Advantage Program Y. W. Liu – member of Individual Benefits and services Committee.

IEEE Staff Support Provide Credit Card standard agreemen

t Negotiating a market agreement Coordinating legal and tax requirement Signing of agreement if Section is not a l

egal entity Rebate will return to Section

Page 9: IEEE Financial Advantage Program Y. W. Liu – member of Individual Benefits and services Committee.

Administration Section set up volunteer position for

FAP Initiate and oversees program Review and address issues concern Report the program in annual report

on the no. of member participating and income generated

Page 10: IEEE Financial Advantage Program Y. W. Liu – member of Individual Benefits and services Committee.

Concerned issues Section need to be a legal entity

Benefit program partner looks for a legal entity to deal with

Attraction needed Large membership base Prestige of IEEE

Page 11: IEEE Financial Advantage Program Y. W. Liu – member of Individual Benefits and services Committee.

Concerned issue Tax– income may attract tax liability Data privacy – members details shall

not pass to partner Use of IEEE logo shall be strictly

controlled


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