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BOARD OF TRUSTEES

TRA governance

TRA is managed by a board of eight trustees. The Board of Trustees meets approximately six times per year to oversee the administration of the pension fund.

The board consists of five elected trustees and three statutory members appointed by the governor representing the Minnesota School Boards Association, the Commissioner of Education and the Commissioner of Minnesota Budget and Management. Four of the five elected trustees are active members of TRA and one is a TRA retiree. There are no term limits for board members. The administrative management of TRA is the responsibility of the executive director, who is appointed by the Board of Trustees.

Although the State Board of Investment manages all retirement investments, the trustees are required to become knowledgeable in both pension administration and investments under state law. The trustees annually elect a president and a vice-president.  (Read the TRA Funding Policy.) As fiduciaries, trustees are held to a standard called “the prudent person rule,” under which they must exercise their decisions in the same careful manner that they would use in making their own retirement decisions.

Trustees are also obligated to consider the benefit needs of all pension fund participants regardless of any individual constituency that may have been instrumental in their election. Trustees are required to file an annual Statement of Economic Interest with the Minnesota Campaign Finance and Public Disclosure Board.

BOARD MEETING SCHEDULE

All board meetings are held at 9:30 a.m. in the TRA offices at 60 Empire Dr., Suite 400, St. Paul, unless otherwise indicated.

Board meetings are open to the public. Anyone wishing to address the board shall give notice (preferably in writing) to either the board president or executive director in advance. The board provides members of the public with opportunities to address the board at the conclusion of the agenda. Members of the public should limit comments to three minutes and confine comments to matters under the board’s jurisdiction and authority. Representatives of stakeholder groups who wish to speak to the board shall designate a spokesperson.

May 13, 2020 

June 17, 2020

August 19, 2020 (Retreat)

September 23, 2020

November 18, 2020

January 20, 2021

March 10, 2021

June 16, 2021

Approved meeting minutes

Minutes are posted once they are approved at the subsequent board meeting.

Board of Trustees

Photo of Marti Zins

Martha Lee (Marti) Zins, President

Elected Trustee (Retiree representative)

Martha Lee (Marti) Zins, Board President and Elected Trustee (Retiree) was a media specialist, then media director for the Hopkins School District. Marti was elected to her sixth term on the TRA Board of Trustees in 2009. She is a past president of the Minnesota Education Association, and represented Minnesota teachers as a director of the National Education Association (NEA). A TRA trustee since 1989, Zins serves the needs of Minnesota teachers with a special emphasis on the expansion of automated services that increase accessibility of information to members and retirees throughout the state. She works to maintain the funding stability of TRA and of defined benefit public pension plans.

Term expires: June 30, 2021

 

Photo of Will Baumann

Will Baumann

Elected Trustee  (Active representative)

Will Baumann, elected to the Board of Trustees in 2017, has been a teacher at Ridgewater College since 2015. He is currently president of the Minnesota Mathematical Association of Two Year Colleges. Will has always been a vocal proponent of defined benefit pensions. He believes TRA needs to continue to educate the public and the legislature about pensions.

Term expires: June 30, 2021

 

LUKE V. OLSON

Elected Trustee (Active representative)

Luke has been teaching in the South St. Paul schools since 1990 and served as an officer of the district’s teachers association, first as vice president and later as president, from 2014 to 2018. He is a member of the National Council of Teachers of Mathematics and the Minnesota Council of Teachers of Mathematics. He holds degrees from the University of Minnesota and Mankato State University. Luke was a member of the Education Minnesota Pension Task Force in 2017 and is a strong advocate of defined-benefit pension plans for educators..

Term expires: June 30, 2023

 

Photo fo Mary Supple

Mary B. Supple

Elected Trustee (Active representative)

Mary Supple is a sixth-grade teacher at Richfield Middle School. Past service includes roles of local president, local governmental relations chair, member of the Education Minnesota Governing Board as well as the political action committee, and member of the NEA Board of Directors. She is also currently involved with the Richfield League of Women Voters. Mary believes that all members of TRA, both active and retired, should have a voice and will work toward a goal of a stable, equitable pension system for all.

Term expires: June 30, 2021

 

VACANT

Elected Trustee (active representative)

Term expires: June 30, 2023

 

Photo of Joel Stencel

Joel Stencel

Statutory Member
Minnesota School Boards Association Representative (MSBA)

 

Photo of Myron Frans

Myron Frans, Commissioner

Statutory Member
Minnesota Management & Budget

 

MELISSA LAM YOUNG

Statutory Member
Minnesota Management & Budget designee

Melissa is the executive budget officer for taxes and pensions at MMB, and most recently served as lead E-12 education budget officer. She has a master’s degree in public policy from the University of Minnesota’s Humphrey School and worked at the state Department of Human Services before joining MMB in 2016.

 

MARY CATHRyN RICKER, Commissioner

Statutory Member
Department of Education

 

Photo of DENISE ANDERSON

Denise Anderson

Statutory Member
Department of Education designee

Denise currently serves as the commissioner’s appointee on the Teacher’s Retirement Association Board of Trustees. She is the chief financial officer for the Minnesota Department of Education and also serves as a governor’s appointee on the state of Minnesota’s Investment Advisory Council (IAC).

 

Appeal procedure

A determination of the TRA executive director regarding eligibility, benefits, or other rights under the plan with which a member does not agree is subject to review and may be appealed by petitioning the TRA Board of Trustees for a review of the decision pursuant to Minnesota Statute356.96, Pension Plan Appeal Procedures.

Details on how to appeal a determination.