Products & Benefits
Peace of Mind,
Peace of Mind,
When It Matters Most
Our benefits are designed to deliver security, compassion, and practical help. From timely financial support to compassionate service.
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Death Benefits
Endowment
Power of Attorney
& Will Preparation
Death Benefits
For Members joining up to age 45:
Active Member Regular Death Benefit
- Base death benefit $50,000, payable on death due to natural causes and/or accidental death
- Line-of-duty death is double the base benefit
Retired Member Death Benefit
- Base death benefit $18,800, for members with 300 months Fund participation at time of retirement from the TPS
- Paid Up: no further payment of Dues required
- Prorated death benefit, for members with less than 300 months Fund participation at time of retirement from the TPS. (Actual months divided by 300)
Members Joining the Fund after Age 45:
Modified Death Benefits
Death benefits are modified (reduced) for members joining after Age 45. See the Benefits and Dues Schedule for details.
Bonus Death Benefit
The board declares an annual bonus, currently 20% of the eligible death benefit.
Endowment
Regular Endowment Benefit
Benefit $3,150, for members who contributed (paid Fund dues) 300 months
Prorated Endowment Benefit
For Members who retire from the TPS with less than 300 months contributory Fund Membership, benefit will be prorated (($3,150 x (Actual months ÷ 300))
Power of Attorney & Will Preparation
Will Reimbursement Program – $200
The Fund offers a reimbursement for the preparation of a Member’s Will or Power of Attorney, payable twice during membership.
- Will and Power of Attorney Preparation – $200
Other
Assistance with funeral arrangements
Management of trust accounts for minors
Central Sick Bank (CSB) Waiver of Dues
The Fund covers member dues during a CSB leave, which means Fund participation continues to accrue (not contributory months)
Members on Leave
When a Member is on a leave of absence without pay, TPS cannot collect Fund dues. To administer Leave benefits correctly, the Fund requires confirmation from the Member.
- First 60 days: Dues are waived while the Member confirms leave details.
- Self-Pay option: Continue paying dues directly to maintain full Fund coverage.
- Freeze Membership: Suspend coverage until returning to work. If no response is received within 60 days, Membership will be frozen.
- Central Sick Bank Leave: Members must notify the Fund. Dues will be waived under the Waiver of Dues benefit.
