Category Archives: Pensions

MSBA honors Sen. Rosen and Rep. O’Driscoll

Posted on September 20, 2018 by mnmsba

MSBA recently presented Sen. Julie Rosen (Vernon Center) and Rep. Tim O’Driscoll (Sartell) with its “Outstanding Legislator of the Year” award for 2018. MSBA officials honored Sen. Rosen and Rep. O’Driscoll for their work during the 2018 legislative session on … Continue reading →

Posted in 2018 legislature, Pensions | Tagged advocacy, Advocacy Tour, Grace Keliher, Julie Rosen, Kirk Schneidawind, Linda Leiding, Mark Dayton, MSBA, MSBA Advocacy Tour, omnibus pension bill, pension bill, Rep. Tim O’Driscoll, TRA | Leave a comment

Minnesota Senate OKs 2018 pension bill

Posted on March 27, 2018 by mnmsba

Courtesy of the Minnesota Teachers Retirement Association (TRA) The 2018 Omnibus Pension Bill passed out of the Minnesota Senate on a unanimous vote (66-0) on Monday, March 26. The bill will next proceed through various committees in the Minnesota House … Continue reading →

Posted in Pensions | Tagged Julie Rosen, Minnesota Management and Budget, pension, pension bill, Teachers Retirement Association, TRA | Leave a comment

Minnesota Senate OKs Omnibus Retirement Bill; awaits passage in the House

Posted on May 23, 2017 by mnmsba

The Minnesota Senate passed the Omnibus Retirement Bill (SF 545) Sunday night on a 67-0 vote. The bill awaits passage by the Minnesota House. The Senate bill does not provide funding to cover the costs of the proposed employer contribution … Continue reading →

Posted in 2017 Legislature, Pensions | Tagged pensions, pensions bill, retirement bill | Leave a comment

Minnesota Legislative Pension Commission members announced

Posted on February 9, 2017 by mnmsba

The Minnesota Legislative Commission on Pensions and Retirement has announced its appointments for 2017-2018. The Legislative Commission on Pensions and Retirement (sometimes referred to as the “Pension Commission”) is a bipartisan joint commission that considers pension and retirement-related legislation. The … Continue reading →

Posted in Pensions | Tagged Pension Commission, pensions | 1 Comment

Teachers Retirement Association Board OKs legislative proposal despite concerns from MSBA

Posted on November 18, 2016 by mnmsba

The Teachers Retirement Association (TRA) Board of Trustees approved a legislative proposal Wednesday, November 16, that would lower the annual cost-of-living adjustment (COLA) for retired teachers from 2 percent to 1 percent for 10 years and 1.5 percent thereafter. The … Continue reading →

Posted in Pensions | Tagged Kirk Schneidawind, pension, pensions, Teacher Retirement Association, TRA | Leave a comment

Gov. Dayton vetoes Omnibus Pensions Bill

Posted on May 31, 2016 by mnmsba

Gov. Mark Dayton vetoed the Omnibus Pensions Bill a few moments ago. In a letter sent today to Senate President Sandra Pappas, Gov. Dayton wrote: “I have vetoed and am returning Chapter 177, Senate File 588, the omnibus pension bill. The … Continue reading →

Posted in 2016 Legislative Session, Gov. Dayton, Pensions | Tagged Gov. Mark Dayton, pensions, Sen. Sandy Pappas | Leave a comment

Pensions update — without addition state aid, legislative proposal too costly for school boards

Posted on February 9, 2016 by mnmsba

Local school districts have two pension funds impacting school employees. The Teacher Retirement Association (TRA) covers school employees — including licensed staff, teachers, principals and superintendents. The Public Employees Retirement Association (PERA) covers non-licensed staff (custodians, food service, bus drivers, … Continue reading →

Posted in Pensions, Uncategorized | Tagged MSBA, pensions, PERA, TRA | Leave a comment

Pension commission approves new mortality assumptions

Posted on February 6, 2016 by mnmsba

Source: Minnesota Teachers Retirement Association The Legislative Commission on Pensions and Retirement (LCPR) met Wednesday and Thursday to hear testimony from the statewide retirement systems and the St. Paul Teachers Retirement Fund Association (SPTRFA) regarding sustainability measures necessitated by improvements … Continue reading →

Posted in Pensions, Uncategorized | Tagged Gary Amoroso, Grace Keliher, Minnesota Teachers Retirement Association, pensions, Rep. Ann Lenczewski, Rep. Sarah Anderson, Rep. Tim O’Driscoll, Rep. Tony Albright, Sen. Jeff Hayden, Sen. Julie Rosen, Sen. Sandy Pappas, TRA | Leave a comment

TRA Board approves “sustainability package” recommendations for pension fund — despite opposition from MSBA

Posted on December 23, 2015 by mnmsba

In an effort to address funding shortfalls, the Minnesota Teachers Retirement Association (TRA) Board of Trustees passed “sustainability package” recommendations for its pension fund during its December 16 meeting in St. Paul. MSBA Deputy Executive Director Tiffany Rodning — MSBA’s representative … Continue reading →

Posted in Pensions, Uncategorized | Tagged Legislative Commission on Pensions and Retirement, Teachers Retirement Association, Tiffany Rodning, TRA | Leave a comment

Pension Update: Employers should prepare for changes to TRA fund

Posted on October 1, 2015 by mnmsba

By Kirk Schneidawind, MSBA Executive Director The Teachers Retirement Association (TRA) recently completed an “experience study” to evaluate the system’s actual experience, and look forward to predict future experience, especially economic assumptions such as inflation and investment returns. The study … Continue reading →

Posted in Pensions | Tagged Kirk Schneidawind, pensions, Teachers Retirement Association, TRA | Leave a comment