Online Services is now available for registered members. We thank you for your patience as we temporarily took Online Services offline to enhance security and improve the design.

This is an important step in reintroducing self-service options and establishing a foundation for future enhancements.

The initial release focuses on a select set of services for members:

• apply for pension,
• plan for retirement by reviewing a document containing numerous personalized pension estimates across a range of plan options and retirement ages,
• view personalized documents such as annual statements and pension change notifications,
• update contact information, and
• designate a beneficiary for your pre-retirement survivor’s benefit.

A future release will see new member registration and the ability to securely share documents with TRAF. For other personalized services, we continue to be available to assist you by phone, email and Zoom and in-person appointments. 

Learn how you can continue to access information and services and complete your transactions.

It is with heavy hearts that we report TRAF’s former Secretary-Treasurer, Glen Buhr, passed away on July 18, 2026 at the age of 92.

Glen began his career at TRAF in 1963 when he became the organization’s second Secretary-Treasurer, following Jim Millard’s retirement. Glen was the 29^th employee since the inception of the pension plan 38 years earlier. When he started working at TRAF, there was a staff of three focused on pension administration.

Glen held his Chartered Accountant designation and had previously been employed by the Comptroller-General since he was 16 years old, where he had worked on many audits including TRAF. Under his leadership, TRAF expanded its investment program and entered the world of information technology. Glen led TRAF until he retired in 1988.

We were fortunate to include Glen in TRAF’s 100^th anniversary celebrations last year, including featuring him in the Century Report and welcoming him to our Open House, Reunion and Book Launch. He also made an appearance in our anniversary video, sharing some of his experiences from his TRAF career. We appreciated his time and generosity in meeting with us.

We extend our deepest condolences to Glen’s family and friends.

In 2025, the TRAF investment portfolio generated a return of 10.03% net of investment expenses, compared to the benchmark return of 10.54%. Longer-term returns remain well above our benchmark, having generated 0.61% in additional return over the past 20 years. For a breakdown of the investment returns, net of expenses, for the total portfolio and each asset class over the one-year, five-year, 10-year and 20-year periods, see Investment Performance.

The 2025 Annual Report is now available. Read the report for details on governance, member services, funded status of the plan, cost of living adjustments, investments and more.

Read the spring 2026 editions of The Link (for active and deferred members) and The Horizon (for retired members). News stories include 2025 investment results, member statistics, 2026 cost of living adjustments and details on maximizing your pension or when to contact us during key life events.

Effective July 1, 2026, TRAF will grant a cost of living adjustment (COLA) of 2.11% to eligible members receiving a TRAF pension.

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

2025 annual statements are now available through Online Services.

Your annual statement provides important information such as when you are eligible to apply for your pension, projected gross monthly pension estimates, your termination benefit and your pre-retirement survivor’s benefit. It also confirms your beneficiary designation in the event you pass away before your pension begins.

Log in or register for Online Services to review this important information.

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.

In 2022, TRAF engaged Aon, the plan actuary, to conduct an analysis on the funding of Account B by the Province of Manitoba.

The report, which was presented to the Honourable Wayne Ewasko, Minister of Education and Early Childhood Learning on August 16, 2022, confirmed that Account B is projected to be depleted in 2053. As a result, the Province’s annual funding obligation will more than double at that time, from $270 million in 2052 to $568 million in 2053. The report concluded that there would be many benefits for the Province to pre-fund its pension liabilities now to fully avail itself of a globally diversified, low-cost investment program and avoid material funding increases in the future. Pre-funding Account B would also bring the plan more in line with other teachers’ pension plans across the country.

While pre-funding Account B has multiple benefits, please note that, under the terms of The Teachers’ Pensions Act, the Province has a statutory obligation to reimburse the pension plan for its 50% portion of pension payments made.

Learn more about the funding of the TRAF plan and read the Aon report.