mmburtch
Sleep deprived and cranky
- Joined
- Oct 11, 2006
- Messages
- 4,882
I think most of us like everyone who buys insurance hopes to never use it. As it stands, CPI couldn't replace any of the last few passes run. Part of that stems from the level of pass that we were running when we joined. For whatever reason, there just haven't been many moderately priced passes lately.
Converting the reserve to a monetary fund is probably the best course of action at this point. Of course that brings up the question of membership premium. $60 wouldn't be unreasonable for some of the recent passes, but that's rather high for someone wanting to run a beginner pass.
The reserve should probably be sold, a PP account or something like it should be set up so new applicants can deposit directly to the fund and an entry fee should be set.
CPI has a three member board, I think it would be best if they presented the members with a proposal for an up/down vote. Design by committee just doesn't work, especially with a bunch of opinionated SOBs like us.
Converting the reserve to a monetary fund is probably the best course of action at this point. Of course that brings up the question of membership premium. $60 wouldn't be unreasonable for some of the recent passes, but that's rather high for someone wanting to run a beginner pass.
The reserve should probably be sold, a PP account or something like it should be set up so new applicants can deposit directly to the fund and an entry fee should be set.
CPI has a three member board, I think it would be best if they presented the members with a proposal for an up/down vote. Design by committee just doesn't work, especially with a bunch of opinionated SOBs like us.