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The following menu provides links to additional information for newly-eligible Minnesota State faculty:

Making an Informed Decision

Which plan is right for you?

The plan that best meets your needs depends entirely on your specific situation.

The answers to these questions will help you determine which plan is right for you. You will need to make your decision based on your individual circumstances and preferences. However, as you review the plans and compare estimated retirement incomes under both plans, you will most likely develop a sense of which plan may provide you with the greatest retirement income or has features that seem to fit comfortably with your retirement objectives.

If you need to discuss any of the above questions, feel free to contact a TRA representative at 800.657.3669 or 651.296.2409.

Balance your options

In addition to participating in either TRA or IRAP, after meeting the eligibility requirements, your participation in the College Supplemental Plan — a defined contribution plan — is mandatory. You may also choose to participate in a 457 (deferred compensation) or a 403(b) (tax-sheltered annuity) plan, which are also defined contribution plans.

Choosing to participate in TRA — a defined benefit plan — will ensure balanced retirement planning.

Keep in mind – the right decision for you
may not be the right decision for someone else.


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