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News

  • May pension change notices for retired members available online

    May 19, 2022

    Pension change notices for May are now available in Online Services. Notices are available online only, but may be printed from your account. This notice will only be added to your account if there has been a change in your net monthly pension payment. To view your notice, register for or log in to your Online Services account and choose “My TRAF Documents.”

     
  • Spring 2022 newsletters are available now

    May 18, 2022

    Read the spring 2022 editions of The Link (for active and deferred members) and The Horizon (for retired members). News stories include 2021 investment results and the impact of inflation on your pension.

     
  • Apply by June 15 to receive pension payment in July

    April 22, 2022

    Members who plan to retire at the end of this school year must submit a completed pension application with all supporting documents by June 15 in order to receive their first pension payment in July.

    Completed pension applications received between June 16 and July 31 will be processed as having commenced in July; however, the payment for July will be paid in August (In other words, you will receive two payments that month).

    Registering for Online Services is a pre-requisite for anyone who applies for pension. Register for or log in to Online Services to apply for pension and to share documents with TRAF through our secure online platform.

    For more information, review Apply for Pension.

     
  • Open for document drop-off and limited in-person member appointments - Effective March 28, 2022

    March 22, 2022

    Starting March 28, TRAF will be open during regular business hours for document drop-offs and pick-ups. If you plan to attend our office, please note that The Johnston Terminal will be opening at 8:30 a.m.

    In addition to phone and Zoom appointments, which have proven to be effective and convenient, we will also be open for in-person appointments on a limited basis for members who have pre-scheduled their appointment and:

     
    • - Are considering retiring within six months from the date of the appointment,
    • - Require assistance completing their pension application, associated required documents or other form, or
    • - Require accommodation for accessibility reasons.

    Prior to your visit, please review the Visiting TRAF fact sheet, which outlines how and when to make an appointment and what you can expect when you visit. Please note walk-ins are not permitted.

    Is it an appointment or a drop-off?

    Drop-offs mean you have all of the necessary documentation completed in advance and want to leave it with a staff member in our office. Document drop-offs and pick-ups do not require an appointment and these visits should only take a minute. Otherwise, please call us or book an appointment to discuss your situation in detail.

    As an alternative to dropping off documents at our office, we encourage members to share documents with us through our secure online platform. Register for and log in to Online Services for immediate access to this easy-to-use tool.

     
  • 2022 cost of living adjustment

    March 15, 2022

    Effective July 1, 2022, TRAF will pay a cost of living adjustment (COLA) of 2.10% to eligible members receiving a TRAF pension.

    To learn more, visit Cost of Living Adjustment (COLA).

     
  • Current contact information required for electronic deposit of pension payments

    February 22, 2022

    In order for you to receive electronic deposit of your pension payments, TRAF must have a current mailing address, email and phone number. It is imperative that you keep us fully informed of any changes to your contact information.

    If your mail is returned to TRAF undelivered, we will attempt to contact you by email and by telephone for an address update. If we are unsuccessful, you will no longer be eligible for the electronic deposit of your pension payments. Your monthly pension cheques will be printed and held in our office until contact has been re-established.

    Register for and log in to Online Services and click "Account Profile" to update your information.

     
  • Your 2021 T4A is now available

    February 22, 2022

    Your 2021 T4A is now available in your Online Services account. Login or register today. Paper copies were mailed in mid-February.

     
  • Planning to retire this year? Apply for pension at least three months in advance.

    February 4, 2022

    You may apply for pension up to 12 months before you want to receive your first payment. There is no need to wait until you have notified your employer. It is best that you notify us of your intent well in advance of notifying your employer, and we recommend you do so at least three months before your retirement date.

    If you are at least age 55 and retiring in June, in order to receive your first pension payment in July, you must submit a completed pension application with all supporting documents no later than June 15. Completed pension applications received between June 16 and July 31 will be processed for payment in August retroactive to July. (In other words, you will receive two payments that month.)

    A late application will result in lost income since pensions are not paid retroactively.

    Registering for Online Services is a pre-requisite for anyone who applies for pension. Register for or log in to Online Services to apply for pension and to share documents with TRAF through our secure online platform.

    For more information, review Apply for Pension.

     
  • Returning to teach or work after retirement

    January 5, 2022

    If you return to teach under contract in a position covered by TRAF while collecting your pension and work more than 120 full days in a school year (including substitute service), your pension will be suspended on the 121st day and you must again contribute to TRAF. You are required to notify your employer(s) that you are receiving a TRAF pension and you will be required to track the number of days you work and notify your employer(s) and TRAF when that number reaches 120 days. Your employer is also required to notify TRAF in writing when the number of days is expected to reach 120 days.

    The 120-day rule does not apply if you are age 65 or older and have at least 15 years of qualifying service before reaching your 121st day.

    If you have returned or plan to return to teaching (or any other position covered by TRAF) after retirement, it is important that you understand all of the rules that apply, including both the 120-day rule and the 90-day rule, and the impact they may have on your pension.

    For more information, please refer to the Teaching After Retirement fact sheet. We also encourage you to contact us to discuss your personal situation.

     
  • Financial outlook of the TRAF pension plan

    December 22, 2021

    A “Special Edition Newsletter Focused on Sustainability” is now available, which focuses on the plan's funding, account structure and long-term financial outlook.

    Whether you’re early or mid-career, or approaching or enjoying retirement, it’s important to understand the financial outlook of your pension plan. Read more.