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Website unavailable

The MyTRA and MyEmployer portion of this website will be unavailable Tuesday, January 23, from 11 am until 2 pm for maintenance.

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.

2017 CAFR available

TRA's Comprehensive Annual Financial Report (CAFR) is available. Basically our financial report, the CAFR shows our financial health, where TRA assets are invested, how money is spent, and sources of revenue.

Annual increase letters in the mail

If you were eligible for a post-retirement increase on Jan. 1, you will receive a letter detailing the increase to your monthly benefit, along with current Minnesota tax information. (2018 federal tax information is not available so TRA used 2017 information.)

A post-retirement increase of 2 percent goes into effect on Jan. 1. Members who started receiving a benefit on or before July 1, 2016, receive a 2 percent increase. Members who started receiving a benefit between July 2, 2016 and June 1, 2017, get a prorated increase.

Tax tables are available on our website under Forms and Publications. Federal tables will be added when available.

We encourage recipients to view their MyTRA account, or their bank statements for net amounts after the 2018 Federal tax tables have been received, as the net amount (direct deposited) may change.

Retirement counselors are
on the road

Register now for an individual counseling session in a city near you.

Setting the record straight
about pension finances

An article published by Bloomberg News (“New Math Deals Minnesota’s Pensions the Biggest Hit in the U.S.,” Aug. 31, 2017),  uses numbers reported under the Governmental Accounting Standards Board (GASB) rules to paint an incomplete and misleading picture of the financial health of Minnesota’s public pension plans.

The key point to understand about numbers reported under GASB rules is that the true health of a pension plan is determined not by GASB annual accounting rules but by funding policy. (More HERE.)

Board of Trustees names new
executive director

Following a months-long nationwide search, the Minnesota Teachers Retirement Association Board of Trustees has selected TRA Deputy Executive Director Jay Stoffel to succeed Laurie Hacking as executive director of the TRA fund, a $20 billion public pension plan serving nearly 190,000 active, retired or deferred Minnesota public school educators.

Stoffel’s appointment is effective Sept. 1, 2017, allowing for a transition before Hacking retires at the end of the year.

Read more HERE.

Learn about your pension

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

 

TRA ends year on a high note

As of June 30, 2017, TRA had approximately $21.22 billion in assets. Our unaudited investment return is 15.11% for the fiscal year.

Read the details in our Investment Return & Inflation Analysis report.

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

 

 

Additional News

2017 Federal Tax Tables

2018 Minnesota Tax Tables

 

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HOT LINKS

NEW! Winter TRIB newsletters

Counseling services

St. Paul construction alert

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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