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.

Becoming a Trustee

There are two active-member board seats open for the term beginning July 1, 2019. Read about the board election process and download a candidate application.

BOARD MEETINGS

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.

Agendas

Nov. 14, 2018

Jan. 23, 2019

March 20, 2019

June 12, 2019

Approved meeting minutes

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

November 2018

September 2018

August 2018

July 16 2018 – Special

June 20 2018

May 23 2018

April 11 2018

February 21 2018

December 13 2017

November 15 2017

September 20 2017

August 16 2017

Public participation

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 of the meeting. 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.

Board of Trustees

Photo of Marti Zins

Martha Lee (Marti) Zins, President

Elected Trustee (Retiree representative)

17509 Saddlewood Lane, Minnetonka, MN 55345
952.935.4976
martizins@comcast.net

Martha Lee (Marti) Zins, Board President and Elected Trustee (Retiree) of the Minnesota Teachers Retirement Association (TRA) was a media specialist, then media director for the Hopkins School District. Marti was elected to her sixth term on the Board of Trustees in 2009. She is a past president of the Minnesota Education Association (MEA), 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 Mary Broderick

Mary L. Broderick, Vice President

Elected Trustee (Active representative)

1003 – 31st Avenue N, St. Cloud, MN 56303
320.493.7396
maryb@cloudnet.com

Mary Broderick, a teacher in St. Cloud since 1977, and president of the St. Cloud Education Association since 1996, was elected to her first four-year term as a member of the Board of Trustees in 2007. Mary also serves as president of the East Central Area Labor Council, sits on the Executive Board of the Minnesota AFL-CIO, and is a member of the Education Minnesota Council of Local Presidents. Mary is committed to helping retirees and active members increase their awareness, understanding, and involvement in pension issues, as well as working to maintain and improve teacher retirement benefits in Minnesota.

Term expires: June 30, 2019

 

Photo of Marshall Thompson

Marshall Thompson

Elected Trustee  (Active representative)

7421 W. Lake St., St. Louis Park, MN 55426
952.210.6795
mthompson14@gmail.com

Marshall Thompson, elected to the Board of Trustees in 2015, has been a math teacher within Osseo Area Schools since 2004 and currently serves in the role of Instructional Coach at both Osseo and Maple Grove Senior High Schools. He is Education Minnesota – Osseo’s lead negotiator, and has been on the bargaining team since 2010. He also currently serves on Education Minnesota’s Governing Board. Marshall is committed to raising awareness of the value of TRA for active members, working toward equitable benefits, and maintaining our strong pension system.

Term expires: June 30, 2019

Photo of Will Baumann

Will Baumann

Elected Trustee  (Active representative)

15104 County Road 5 NW, New London, MN 56273
(218) 639-2017
baumann.will@gmail.com

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

 

Photo fo Mary Supple

Mary B. Supple

Elected Trustee (Active representative)

7300 Oakland Ave, Richfield, MN 55423
612.866.8829
mandmsupple@aol.com

Mary Supple is a sixth grade math 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

Photo of Joel Stencel

Joel Stencel

Statutory Member

MN School Boards Association Representative (MSBA)
1900 W. Jefferson Ave., St. Peter, MN 56082
800.324.4459
jstencel@mnmsba.org

 

Photo of Myron Frans

Myron Frans, Commissioner

Statutory Member

Minnesota Management & Budget
400 Centennial Building
658 Cedar Street, St. Paul, MN 55155
651.201.8011

 

Photo of Paul Moore

Paul Moore

Statutory Member

Minnesota Management & Budget designee
651.259.3776
paul.b.moore@state.mn.us

Paul currently serves as the commissioner’s appointee on the Teacher’s Retirement Association Board of Trustees.
Paul is the Executive Budget Officer for the Minnesota Management and Budget agency.

 

Brenda Cassellius photo

Brenda Cassellius, Commissioner

Statutory Member

Department of Education
mde.commissioner@state.mn.us

Department of Education
1500 Hwy 36 West, Roseville, MN 55113-4266

 

Photo of DENISE ANDERSON

Denise Anderson

Statutory Member

Department of Education designee
651.582.8560
denise.anderson@state.mn.us

Denise currently serves as the commissioner’s appointee on the Teacher’s Retirement Association Board of Trustees.

Denise 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.