Q. Can I change my beneficiary?

Once you are in receipt of pension, you are not allowed to change your beneficiary unless you have selected Plan A or Plan B.

Q. What if I change banks?

It is critical that you advise TRAF if you change banks or accounts. If we are not aware of a change, your pension payment may not be deposited into your account.

Q. Can I change the amount of income tax deducted from my cheque?

You can increase your tax deduction at any time, but TRAF is required to deduct a minimum amount of income tax from your payment, based on Canada Revenue Agency regulations.

Should you find that the additional tax you requested is no longer necessary; you can reduce or eliminate anything above the minimum requirements.

Q. How is my pension affected if my partner passes away?

Your pension may or may not be affected depending on which plan you selected at retirement.

Q. When is my pension deposited?

TRAF deposits your pension into your bank account on the last banking day of each month.

Q. Can I change my plan?

Once you receive your first payment, you cannot change your plan option.

Q. Do I automatically receive my OAS & CPP?

No. These are Federal Government programs and you must apply to receive these benefits even if you have integrated with TRAF. Contact CPP & OAS at 1-800-277-9914.

Q. Do I get a Cost of Living Adjustment (COLA)?

Cost of living adjustments (COLA) are granted to the extent they can be funded by a separate account known as the Pension Adjustment Account (PAA). The PAA is funded by a portion of active teachers' contributions and investment earnings and is responsible for one half of the COLA granted to retired members. The Province funds the other half of the COLA as benefit payments are made.

Starting in 2018, COLA will be set at the lesser of the maximum percentage the PAA can support and the change in the Consumer Price Index for the previous year.

Cost of living adjustments are paid in July of each year. The first year's adjustment is pro-rated.

Your beneficiary will receive 2/3 of the COLA regardless of the plan chosen.

Q. When do I get my T4A or NR4 (non-resident) slip?

You will receive your T4A or NR4 by the end of February each year.

Q. If I disagree with a decision TRAF has made, can I appeal it?

TRAF has a Member Appeal Policy which outlines a process to follow should you wish to appeal certain decisions.


TRAF offre une politique d'appel à ses membres qui explique le processus à suivre dans l'éventualité où un membre voudrait en appeller de certaines decisions.