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TRA Fund Facts

Over the years, the Teachers Retirement Association has been known as:

Teachers Retirement Association 1957 to Present
Teachers Retirement Fund 1943 to 1957
Teachers Insurance and Retirement Fund 1916 to 1943
The 1915 Fund or the Pioneer Teachers Retirement Fund Prior to 1916

Fund Facts

1931* 2016
Benefit Recipients 710 60,198
Total Membership 18,226 183,221
Annual Annuity Payments $65,033 $1.68 billion
($140 million/month)
Fund Assets $73,996 $19.5 billion
*TRA Fund established.    

 

Annuitant Facts As of Jan. 1, 2016
Benefit Recipients 60,198
Oldest benefit recipient 110.5 years
Annuitant Receiving Benefits the Longest Since July 1, 1967 (48.5 years)
Projected Average Number of Years a Member
Retiring in 2015 Will Receive Benefits
26 years
Projected Average Lifetime Benefits Paid to a Member
Retiring in 2015
$686,400**
**Assumes a $2,200 monthly benefit with a 0% annual increase.  
   
Member Facts As of Jan. 1, 2016
Active Members 79,881
      (Active members (first service prior to July 1, 1989) 12,812 (16%)
      (Active members (first service July 1, 1989 or later) 67,069 (84%)
Active Members (Female) 59,145 (74%)
Active members (Male) 20,734 (26%)
   Average Age 44.1 years old
   Average TRA Service 12.0 years
Inactive Members 43,142

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