RETIREMENT in terms of ICE subscription rates could soon be at the age of 65 rather than the end of full-time employment, if ideas put to Council by the Finance & Planning committee are taken up.
At the moment, some people giving up full time work are deemed to have retired and pay a much reduced subscription to ICE - currently ú50 including publications.
But many members continue to use their designatory letters in suppor t of par t-time consultancy.
Senior vice president and F&P chairman Joe Dwyer suggested to Council that it would be fairer to redefine retirement at the statutory age of 65.
President George Fleming agreed that it was an important issue. He pointed out that many engineers were still working in their 70s.
Immediate past president Roger Sainsbury added that the current rules say members are not deemed to be retired if they earn more than ú7,000 a year from engineering.
Dwyer also suggested that the retired members' rate ramp up to ú95 by 2004.
The ideas are part of a five year financial strategy being put together by the F&P committee on behalf of executive.
The retirement rate is a key issue because ICE's UK working membership is predicted to decline by 1% a year to 2004 assuming UK construction continues to require fewer professional engineers.
At the same time, the number of retired members is predicted to rise from 8,500 to 12,500. Extra income generated by increasing the retired rate substantially would raise about ú340,000.
This money could fund the ú0.5M extension of the executive secretary programme.