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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

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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.

TRA Executive Director
Laurie Hacking to retire

Laurie Fiori Hacking, executive director of Teachers Retirement Association (TRA) of Minnesota, has announced that she will retire at the end of 2017.

Hacking joined TRA in March 2006, serving as the executive director of the teacher pension system for over 11 years. TRA is a $20 billion fund serving nearly 190,000 active, retired or deferred Minnesota public educators.  “It has been an honor to serve the teachers of Minnesota, helping them achieve economic security in retirement and helping to support the state’s education system in the recruitment and retention of experienced, quality teachers,” Hacking said.

Full story HERE. Job posting HERE.

TRA financial remedies fail
at legislature

Gov. Mark Dayton vetoed a bill passed by the 90th Minnesota legislature that linked pension-related legislation to language restricting cities and other local governments from setting minimum wage rates or other worker benefit and leave terms for private employers within their jurisdictions.

Details here.


Direct deposit schedule

2017 Direct Deposit Schedule
January 3 July 3
February 1 August 1
March 1 September 1
April 3 October 2
May 1 November 1
June 1 December 1


Additional News

2017 Federal Tax Tables

2017 Minnesota Tax Tables


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