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When to Contact TRAF

 

Throughout your retirement, certain changes and life events must be reported to TRAF. Please contact TRAF whenever one of these changes occurs.

Contact information: address, email and phone number

If your address, email or phone number changes, log in to your Online Services account and update your Account Profile. Or, complete a Change Notification and share it with us through our secure online platform so we can update our files accurately. It is important that we have a current address, email and phone number for you.

Moving within the province

If your address changes due to a move within your province, log in to your Online Services account and update your Account Profile. Or, complete a Change Notification and share it with us through our secure online platform so we can updates our files accurately.

Province or country of permanent residency change

To help prevent complications at tax time, it is important to let us know if your permanent residency status changes. Please contact us when you move out of province or country to ensure your tax forms are updated in a timely fashion. To update your new address and phone number, if applicable, log in to your Online Services account and update your Account Profile. Or, complete a Change Notification and share it with us through our secure online platform so we can updates our files accurately.

Tax deduction amount or tax credits

TRAF determines the amount of tax deducted for retired members in accordance with the Income Tax Act rules and guidelines. The tax deduction is based on your province or country of residence for tax purposes and the information you provided on the TD1 tax form(s) when you applied for pension. If your tax credits or province or country of residence change, you will need to complete a new TD1 form and submit it to TRAF.

You may change the amount of income tax deducted from your pension as long as it is not reduced below the minimum amount required by Canada Revenue Agency. You need to advise TRAF of the additional fixed dollar amount you want deducted from your pension payment by completing a Change Notification and sharing it with us through our secure online platform. If you think you may qualify for additional tax credits or you no longer want to claim certain tax credits, you should also complete and share a new TD1 form.

Register for and log in to your Online Services account to try the tax calculator, which will help you determine the amount of income tax TRAF is required to withhold from your gross monthly pension.

Banking information

If your banking information changes, ensure your pension payments are not interrupted by completing a Change Notification and sharing it with us through our secure online platform along with a void cheque or letter from your financial institution with your new and old branch numbers, transit numbers and account numbers.

Death of a spouse or member

We recognize that this is a difficult time, but it is important that TRAF be advised as soon as possible if a death occurs. Depending on the plan option you selected at retirement, your pension may be affected if your spouse/partner passes away. It is also important that a spouse or beneficiary inform us of the death of a member. Alerting our office will prevent pension overpayments which would be required to be repaid to TRAF later.

In addition, if your spouse/partner passes away, you may wish to designate a contingent beneficiary for any contributions and interest remaining in your account at the time of your death.

Granting power of attorney

TRAF does not have the authority to carry out requests from your spouse/partner, family member or others, unless you have made power of attorney arrangements. You or your attorney must provide TRAF with a copy of the document granting power of attorney. There are several different types of power of attorney. We encourage you to consult with your lawyer to ensure that you have the appropriate power of attorney in place.

Marriage/common-law breakdown

If you and your spouse or common-law partner break up permanently, your partner is entitled to half of the pension earned from the date of relationship to the date of separation. Contact TRAF to discuss next steps.

Teaching after retirement

If you return to teach in a Manitoba public school or are employed in another position covered by TRAF after you retire, you should be aware of the number of days you can teach before it affects your pension. To learn more, review the Teaching After Retirement fact sheet.

 

 

Current contact information is required for electronic deposit of pension payments

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 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 or log in to Online Services and click “Account Profile” to update your information.