How Does the Fund Function?

Members authorize a $5.00 payroll deduction to the Fund, from his/her paycheck.

An account balance is maintained for each member and fluctuates throughout membership. Monies are distributed to designated benefactor(s) at the time of your death.

All members receive a statement annually which records all $5.00 deductions from payroll and payments of $5.00 to benefactors.

Monies not used for benefactors are invested and managed currently by Morgan Stanley. Types of investments are dictated by a written Investment Policy and strictly adhered to and monitored.

*As of December 5, 2024