TRA: Your plan, your future

Visit our booth at RiverCentre to learn about your benefits, check out TRA’s new look, and snag some freebies. Follow us on Twitter and like us on Facebook to play TRA trivia! Go to our booth with a correct answer and get an elegant, roomy and earth-friendly TRA tote bag.

  1. True or false: TRA works more like Social Security than a 401(k) or 403(b) savings plan. (True)
  2. What year was TRA founded? (Both 1915 and 1931 are correct)
  3. Can you outlive your TRA pension? (No.)
  4. How long do you have to work before you are vested in TRA? (Three years of full-time work)
  5. How do you join TRA? (You are automatically enrolled when employed in an eligible position.)
  6. If you go teach in another Minnesota school district, do you need to notify TRA? (No)
  7. How many times can you have a TRA benefit counseling session? (As many as you need.)
  8. Can you invest your inheritance in TRA? (No)
  9. How much of each paycheck do you contribute to TRA? (7.5 percent)
  10. Are you eligible for both TRA and Social Security benefits? (Yes)
  11. How many years of salary are used to calculate your pension benefits? (Highest five consecutive years)
  12. Does out-of-state service count toward your TRA pension? (No)
  13. Who can you name as a lifetime beneficiary on your pension? (Any person/persons you wish.)
  14. Who was Daisy Brown? (The first woman executive director of TRA.)
  15. True or false: Most of TRA’s revenue comes from earnings on investments. (True)
  16. True or false: You bear the investment risk in a defined-benefit pension plan like TRA. (False)
  17. True or false: If you paid into another pension plan for at least six months while working in Minnesota state government, it counts toward your overall service credit and vesting. (True)
  18. How many retirement plans does TRA offer? (Six)
  19. Name the easiest way to get an idea of what your TRA benefit might be someday. (Open a MyTRA account and use the calculator.)
  20. Can you purchase TRA service credit and salary? (Yes, if you’re “buying back” a leave of absence or refunded service.)