The Security Fund was established in 1960. The principal purpose of the Fund is the strengthening of the Union for the security of members. The fund is financed by 3% of the annual subscription of each member of the Union. Contributions paid prior to 1st September 1996 are returned to a teacher on retiring from teaching, or to his/her personal representatives on his/her death.
Financial experts have been retained to ensure the sound administration of the Fund and to advise on the investments it makes. The assets of the Fund are presently valued in excess of €2.12m.