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2018 sustainability bill passes
out of pension commission

The Legislative Commission on Pensions and Retirement (LCPR) on Tues., March 13, passed the 2018 omnibus pension bill. The bill now will be reviewed by various House and Senate committees.

The bill includes sustainability measures for all four public pension systems: the Teachers Retirement Association (TRA), the Public Employees Retirement Association (PERA), the Minnesota State Retirement System (MSRS), and the St. Paul Teachers Retirement Fund Association (SPTRFA).

Read more HERE.

Complete details on the bill, currently moving as SF 2620 / HF 3353, may be viewed on the State Legislature website:

Commission explores public pension privatization

An organization that spends millions of dollars on a state-by-state effort to privatize public pensions is now playing a significant role in pension discussions at the Minnesota state capitol.

The Legislative Commission on Pensions and Retirement (LCPR) heard testimony on Jan. 24 from a University of Minnesota research fellow whose pension policy research is funded in part by the anti-pension Laura and John Arnold Foundation. Also testifying was the executive director of the Oklahoma Public Employees Retirement System, whose state’s transition away from pensions to a private, defined-contribution system was partly due to a push from the Arnold Foundation.
The Feb. 19 LCPR meeting is set to include testimony from a representative of the Pew Charitable Trust. Pew has received $9.7 million from the Arnold Foundation to support its Public Sector Retirement Systems project (, according to Governing magazine (

(Read more)

2018 Federal tax update

The 2018 federal tax tables have been entered into the TRA computer system.

Annuitants with federal tax withholding designations will notice the change to your net payment amounts starting on February 1.  In most, if not all cases, the new tax tables result in an increase to your net payment.

TRA will not send updated annual increase letters.

1099-R statements available online

The annuitant 1099-R forms for 2017 can now be printed through your MyTRA Online account.

Don't have an account? Watch our video on how to create one.

A paper copy is scheduled to arrive in your mailbox by January 31.

Learn about your pension

As a public employee, you are already contributing to your financial future! Watch our video to learn more.


Direct deposit schedule

2018 Direct Deposit Schedule
January 2 July 2
February 1 August 1
March 1 September 4
April 2 October 1
May 1 November 1
June 1 December 3



Additional News

2018 Federal Tax Tables

2018 Minnesota Tax Tables


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