News

June pension change notices for retired members available online

June 24, 2024

Pension change notices for June 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.”

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Apply by June 14 to receive pension payment in July

May 23, 2024

Members who plan to retire at the end of this school year must submit a completed pension application with all supporting documents by June 14 in order to receive their first pension payment in July.

Completed pension applications received between June 15 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.

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Spring 2024 newsletters are available now

April 24, 2024

Read the spring 2024 editions of The Link (for active and deferred members) and The Horizon (for retired members). News stories include a profile on TRAF’s oldest member, Hazel Skuce, who turned 112 years old, 2023 investment results and an update on multi-factor authentication.

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2023 investment return

In 2023, the TRAF investment portfolio generated a return of 8.34% net of investment expenses, compared to the benchmark return of 9.29%. Longer-term returns remain well above our benchmark, having generated 0.72% 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.

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2024 cost of living adjustment

March 22, 2024

Effective July 1, 2024, TRAF will grant a cost of living adjustment (COLA) of 2.20% to eligible members receiving a TRAF pension.

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

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Your 2023 T4A is now available

February 20, 2024

Your 2023 T4A is now available in your Online Services account. Log in or register today. Paper copies were mailed in mid-February.

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Returning to teach or work after retirement

January 15, 2024

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.

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Annual statements now available

November 30, 2023

2023 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.

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Annual report on funding of Account B (Province account)

June 28, 2023

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.

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Current contact information required for electronic deposit of pension payments

March 23, 2023

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.

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