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House approves 2018 pension bill
in final minutes of session

Moments before the 2018 legislative session was gaveled to a close, the House unanimously approved the Omnibus Retirement Bill after a brief introduction by co-author and pension commission member Rep. Tim O’Driscoll. The bill now goes to Gov. Mark Dayton.

The bill includes sustainability measures for all four of Minnesota’s public employee pension systems: the Teachers Retirement Association (TRA), the Public Employees Retirement Association (PERA), the Minnesota State Retirement System (MSRS), and the St. Paul Teachers Retirement Fund Association (SPTRFA). MORE

Group workshops for June

Planning for Retirement group workshops begin in June. The workshop is tailored to those members within 10 years of retirement.

At this 3-hour workshop of 20-25 members, you will be given a personalized, detailed estimate of your projected monthly retirement benefit -- therefore you must make an appointment.

See the list and make an appointment today!

Star Tribune editorial board:
House should OK clean pension bill

Read an excellent take on the 2018 Omnibus Pension Bill on the Star Tribune's Opinion page.

Minnesota Senate OKs
2018 pension sustainability bill

The 2018 Omnibus Pension Bill passed out of the Minnesota State Senate on a unanimous vote (66-0) on Mon., March 26. The bill will next proceed through various committees in the state House of Representatives. 

Bill co-author Sen. Julie Rosen, R-Vernon Center, who chairs the Legislative Commission on Pensions and Retirement (LCPR), summarized the bill’s provisions and praised the engagement of those who have worked for three years to bring forward a public pension sustainability package whose reforms will result in $3.4 billion in immediate savings. READ MORE

Commission explores public pension privatization

The Legislative Commission on Pensions and Retirement (LCPR) heard testimony on Jan. 24 from a University of Minnesota research fellow whose pension policy research is funded in part by the anti-pension Laura and John Arnold Foundation. READ MORE

2018 Federal tax update

The 2018 federal tax tables have been entered into the TRA computer system.

Annuitants with federal tax withholding designations will notice the change to your net payment amounts starting on February 1.  In most, if not all cases, the new tax tables result in an increase to your net payment.

TRA will not send updated annual increase letters.

1099-R statements available online

The annuitant 1099-R forms for 2017 can now be printed through your MyTRA Online account.

Don't have an account? Watch our video on how to create one.

A paper copy is scheduled to arrive in your mailbox by January 31.


 

 

Direct deposit schedule

2018 Direct Deposit Schedule
January 2 July 2
February 1 August 1
March 1 September 4
April 2 October 1
May 1 November 1
June 1 December 3

 

Learn about your pension

As a public employee, you are already contributing to your financial future! Watch our video to learn more.

 

 

 

Additional News

2018 Federal Tax Tables

2018 Minnesota Tax Tables

 

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HOT LINKS

New member orientation

Winter TRIB newsletters

Counseling services

Statewide construction information

Handbook of Benefits and Services

Visitor Security Policy

Newly Eligible Minnesota State Faculty

Tax Withholding Calculator
(Federal and Minnesota)

Fund Facts

 

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