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Realign payback seasons so that the Christmas payout comes in November

By: harrrrrry | 10-04-2019 09:49

Currently payback seasons run from December to May and June to November. Actual payback is paid out in the next following month, so payback is actually paid towards the end of December and January

One of the supposed benefits of having a 6 month season is that accumulating payback allows the member to use the payment for something more significant than they could otherwise achieve with individual monthly payments. However, this breaks down because probably one of their biggest meeds would be to help with the Christmas season. A payment in late December is too late to help much for that.

Consequently I'm suggesting:

  • that for 2019 only, the second payback season be reduced to 5 months, ie June to October, allowing final payout by the end of November
  • for 2020 and subsequent years, payback becomes November to April (with actual payback towards the end of May and November).

In addition to helping members, I suspect this will also help staff and agents, as December and the New Year are probably busy times for them. It will also mean that if circumstances force a delayed payment (as happened in 2018) it will be seen as less of a catastrophy for those that were relying on a payout in time for Christmas.

n/a

Comments

by: smiler48
on: 31-05-2019 13:06

I support this idea

by: extreme_one
on: 25-05-2019 07:42

Good idea!

Well thought out, well explained and very useful for the majority of the membership.

by: carolcat
on: 27-05-2019 14:50

Especially those who like to buy Christmas gifts in advance :)

by: klmwong
on: 24-05-2019 13:28

Excellent idea. Always good to have a bit of extra money before Christmas.

by: jsmith2009
on: 24-05-2019 07:34

Personally I don't really mind what date is used for Payback.

by: nikmobile
on: 23-05-2019 19:03

not to fussed myself I see it as a little bonus but I do see where your coming from

by: haleemanoor
on: 28-09-2020 20:00

well explained and very useful for the majority of the membership. Great idea

by: clara4
on: 10-09-2020 17:10

Supported

by: vijay42924
on: 09-09-2020 09:36

supported

by: gloriousiam
on: 26-08-2020 20:05

would be great for some of users.

by: adventure17
on: 20-08-2020 21:46

Voted.