Tag Archives: TRA

Minnesota Senate OKs 2018 pension bill

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

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Teachers Retirement Association Board OKs legislative proposal despite concerns from MSBA

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

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

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

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Pension commission approves new mortality assumptions

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

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

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

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Pension Update: Employers should prepare for changes to TRA fund

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

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