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.

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.