Last Update: Oct 24, 2019
(This page is produced and edited by PLS retired teachers...We appreciate receiving your updates and suggestions for items.)
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What the changes mean
To ensure that TRA is sustainable for future
generations of retired educators, changes to the plan are sometimes necessary. Legislation passed in 2018 immediately reduced TRA liabilities
by $2.0 billion, increased the funded ratio to 75 percent (from 70 percent), and put the plan on track to be 92 percent funded in 30 years.
Changes affecting retirees
ANNUAL COST OF LIVING ADJUSTMENT (COLA)
1/1/2019 – 1/1/2023 =
1.0 percent
1/1/2024 = 1.1 percent
1/1/2025 = 1.2 percent
1/1/2026 = 1.3 percent
1/1/2027 = 1.4 percent
1/1/28 and thereafter = 1.5 percent
COLA ELIGIBILITY
Beginning 7/1/2024, eligibility for
receipt of first COLA changes to normal retirement age (age 65-66, depending on date of birth). Exempt: members who retire under Rule of 90, and members who retire at least age 62 with at least 30 years of service credit.
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2019 (Known) Obituaries
> (Sep 28, 2019) Ron Brazier, spouse of Beth Link
To Ron Brazier
> (May 8, 2019) James C. Hollenbeck (middle
school Social Studies teacher) Link To Jim Hollenbeck
Obituary
> (May 5, 2019) David K. Mikkelson (long time employee of PLS schools) Link to Dave Mickellson Obituary