Benefits of the Fund

2024 Benefit Schedule

Active Member Regular Death Benefit        $50,000

• Base death benefit $50,000, payable on death due to natural causes and/or accidental death
• The Board declares an annual bonus, currently at 20%, the death benefit is currently $60,000
• Line-of-duty death is double the base benefit, up to $120,000

Retired Member Regular Death Benefit¹     $18,800

• Paid Up death benefit on retirement
• The Board declares an annual bonus, currently at 20%, the death benefit is currently $22,560
• No further payment of Dues required

¹ Retired from TPS with 300 months contributory Fund membership

Endowment

Regular Endowment Benefit ¹                       $3,150

Modified Retired Member Death Benefit and Endowment Benefit

For Members who retire from the TPS with less than 300 months contributory Fund Membership, benefits will be prorated (Actual months ÷ 300 months)

Will/Power of Attorney Preparation

Will Reimbursement Program                                              $200

The Fund offers a reimbursement for the preparation of a Member’s Will or Power of Attorney.

• Will and Power of Attorney Preparation = $200 (payable twice during your membership)
• Assistance with funeral arrangements
• Management of trust accounts for minors