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.

Two (2) checks are issued to the benefactor. One check is the amount of money in account of the deceased member’s account. The other check is figured by multiplying $5.00 times the total number of members at the time of death. Example: $5.00 X 2,960=$14,800.00.*

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