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New website on the way

MinnesotaTRA.org soon will be getting a new look.

In the coming weeks, you will be viewing a revamped website that we hope will provide all members with the convenience, ease of navigation, and aesthetics that you expect. We’ve reimagined how we organize content so that it’s easier to find information that’s relevant for you no matter what your age or where you are in your career.

We look forward to you visiting our new online space!

Construction Note:

There is a great deal of construction in and around some offices. Be sure to check your route with the MDOT website. Leave plenty of time for detours!


Gov. Dayton signs 2018 pension bill

Gov. Mark Dayton has signed the 2018 Omnibus Retirement Bill into law.

“That’s the last bill I’ll sign as governor of Minnesota and what a great way to end on,” Dayton said at the May 31 signing ceremony in the Capitol rotunda, which was packed with Minnesotans from all walks of public service.

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

Related links:

Star Tribune, June 1: Dayton signs pension bill aimed at long-term stability in state retirement system

Pioneer Press, May 31: Editorial: Unanimously passed pension repair. Wow.

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

 

 

 

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

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Newly Eligible Minnesota State Faculty

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(Federal and Minnesota)

Fund Facts

 

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