Peace of Mind,
When It Matters Most
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
Fraternal Partnerships – Exclusive Member Opportunities
Toronto Police Association & Upper Canada Wills & Estates
Through a fraternal partnership, the Toronto Police Association (TPA) and Upper Canada Wills & Estates are offering members, retirees and their families access to discounted Will and Power of Attorney preparation services.
Special Member Rates:
- Individual Package: $495 + HST
- Couples Package: $695 + HST
- Packages include a Simple Will, Power of Attorney for Personal Care and Power of Attorney for Property.
- Additional TPWOF Benefit: Eligible TPWOF members may also receive reimbursement of up to $200 through the Fund’s existing Will Reimbursement Program.
Members on Leave
- 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.
