Every year, IABC’s International Executive Board (IEB) reviews membership dues and related charges. The IEB conducted this review at its September 2012 meeting and approved changes in IABC dues. The changes went into effect on January 1. They include an incremental dues increase and a modification of the euro–U.S. dollar exchange rate.
• Cost-based increase
The first change is a cost-based increase of 2 percent, which raises international dues for members by US$5 or less. As required by a board motion from 2003, the IABC executive board conducted its annual review of consumer price index statistics and determined that a 2 percent increase was necessary. The increase allows IABC to keep up with costs in order to maintain the same quality of programs, service, and membership benefits, as well as invest in new programs.
While no one likes increases in dues, the board’s decision to make small adjustments on an annual basis eliminates the need for large “correctional” increases on an infrequent basis (such as the increase in 2003 when dues were raised by US$30).
• Modification of the euro to dollar exchange rate
The second change is a modification to the euro exchange rate, which affects only members who pay in euros. The euro exchange rate changed to €0.8 = US$1 (from €0.75 = US$1) for 2013. This decision is based on recent history of exchange rate activity as well as forecasts for 2013 from a wide variety of sources. Members are always welcome to pay in U.S. dollars, which negates the effects of this exchange rate change.
A small number of countries also experienced a tier change, moving either up or down to a new level of international dues. Members of those countries were notified by individual email.