Thanks to those who completed the recent Member Survey. Your feedback helps us measure the effectiveness of our communication materials and service levels so we can continue to meet your needs.
The survey results will be published in the Spring 2016 edition of the TRAF newsletters and will be available on our website in the near future.
The Board is pleased to announce that Jeff Norton is returning to TRAF as President & Chief Executive Officer effective September 15, 2015.
Jeff attended the University of Manitoba where he received bachelor degrees in engineering and in law. He then became a partner in the legal firm now known as Pitblado and following this position, joined Assante to pursue his interest in financial services. In 2005, Jeff became TRAF's President & Chief Executive Officer where he held the position until the fall of 2013. At that time, he accepted a position in the real estate investment field with Globe General Agencies.
Jeff comes to us with a wealth of knowledge and we are thrilled and pleased to welcome him back as our President & CEO. We look forward to working with him.
New Deduction Method
TRAF is implementing a new contribution deduction method and has asked all school divisions to move to the new method by September 2016.
Attention Deferred Members!
Even if you are no longer an active TRAF member, it is important to receive notifications that may affect your TRAF pension.
Once you are no longer contributing to TRAF you should update changes to your address through Online Services, notify TRAF if your marital status changes, and know when you are eligible to receive your pension and contact TRAF three months in advance in order to collect your pension on time.
2014 Annual Report
TRAF Celebrates 90 Years!
July 1, 2015 marks the 90th anniversary of the Teachers' Retirement Allowances Fund.
In 1925, The Manitoba Teachers' Retirement Act was passed and the Board of Administrators of the Teachers' Retirement Fund Act came into being. The first official meeting of the Board was held on August 26, 1925.
TRAF Releases 2014 Investment Results
The July 1, 2015, cost of living adjustment (COLA) is 0.98%. The Consumer Price Index for Canada increased by 1.47% during 2014 (December over December).
Rules Affecting Members Who Left Teaching Before May 31, 2010
If you accumulated three to nine years of qualifying service and do not intend to return to the Manitoba public school system, you are now eligible to receive your TRAF pension at a reduced amount as early as age 55, rather than waiting until age 65 as required under previous rules.