The Security Benefits Funds, (The Welfare Fund), are under the direct supervision and managed by the Trustee Board. Unlike the accounts mentioned in the above paragraph, the Welfare Fund Accounts receive their money not from the member dues but from annual contributions from the State of New York as negotiated through the contract bargaining process. All of the accounts are in excellent financial condition with more than adequate reserves. The annual income and expense reports will be mailed to each member in May.

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