Detectives’ Endowment Association, Inc. member benefits website — Scott Munro, President

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Annuity

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Annuity Benefits for Active Members of The Detectives' Endowment Association

Effective July 1st, 2026, the DEA Annuity Fund will be moving to a fully self-directed plan. Historically, the DEA Annuity Fund offered two investment options but that will change effectively July 1st. 

Option #1 is the “trustee managed” option. Under option #1, the Fund’s trustees directed the investment strategy.

Option #2 is the self-directed option. Participants who selected this option manage their own investments through choices offered by Empower. 

On July 1st, 2026, option #1 will merge into option #2 and as a result, the DEA will move into a fully self-directed plan. Empower will become the administrator and record keeper for all participants of the Fund. Additionally, on July 1st, assets of the Fund managed by the trustees under option #1 will transition to Empower as custodian.  

As part of the transition, Empower will create a “Trustee Managed Fund” which will follow the same investment strategy used by the Fund’s trustees. During the transition period from July 1st through October 5th, Empower will build individual participant accounts and reconcile their respective account balances. During the transition period participant’s assets will remain invested in the Trustee Managed investments and continue to earn interest.

On or about October 5th will be the “go-live” date at which time participants can go on-line and access their newly created self-directed accounts. Option #1 participants will have the option to remain in the “Trustee Managed” investment strategy or move into another investment strategy offered by Empower.

Advantages to being a fully self-directed plan:

  • Under Empower’s advanced technology platform, all DEA Annuity Fund participants will now be able to access their accounts on-line with the ability to view their account activity and receive daily balances instead of waiting for quarterly balance information.
  • Rollover assets from the taxable portion of their final pension loan and their banked VSF DROP account into their DEA Annuity Fund account upon separation from the department.
  • Change investment options without waiting for the annual changeover period.
  • Receive redemptions quicker upon request, if eligible.

NOTE: YOUR ANNUITY CAN NOT BE REMOVED UNTIL YOU RETIRE.

Annuity Beneficiary Form
Annuity Application
Annuity Beneficiary Form