• Retirement


    There are two statutory pension plans, TRA and PERA. Both pension plans are governed by the State of Minnesota. These two plans are defined benefit plans.

     

     

    TRA has produced a tri-fold brochure – Pension Basics for New Teachers – explaining the essentials of the TRA pension, such as contribution rates, vesting, service credit, and the difference between a defined benefit and defined contribution plan.  Please use it and our video – Learn about your Pension – during your new hire orientations.

     

    The brochure can be downloaded from our website:  Pension Basics for New Teachers

    The Video link: – Pension Basics for New Teachers Video