#719 Retired Teachers

(June 30, 2017)

(This page is produced and edited by PLS retired teachers...)

(There will be a newly elected governor in Minnesota on Jan. 7, 2019. Please vote.)


 >  The newest members of our Retired Teachers group are being added to the email addresses.  We are waiting for their updated addresses.

     This is the time of year that we try to update the entire list.  If yours has changed, please let us know so that we can update the list.


 >  From the Summer 2017 TRA Bulletin

 ... Retired educators will continue to receive an annaul 2 percent COLA increase in January 2018.  (From President's corner:  ...we take little comfort in watching another year pass without changes in the law to strengthen TRA.  For example, in January TRA is scheduled to pay a 2 percent retiree cost-of-living adjustment - an expensive benefit at a time when TRA is only 74 percent funded.  Our efforts to lower this to 1 percet for 5 years and 1.5 percent thereafter failed.

... Early retirement: Benefits remain the same, Rule of 90 is unchanged, and the normal retirement age for unreduced benefits is still 66

... Active teacher payroll deductions (contribution rates) remain at 7.5 percent

... School district (employer) contribution rates remain at 7.5 percent

... The assumed rate of return on investments remains at 8.5 percent for TRA, wich is igher than its sister systems and most other systems nationally