Welcome to the St. Paul Teachers’ Retirement Fund Association!
The St. Paul Teachers’ Retirement Fund Association provides you a Defined Benefit Plan (DB) in which you are automatically enrolled. This means that you are guaranteed a lifetime, monthly retirement benefit from the SPTRFA if you meet eligibility requirements. Your benefit is not determined solely by your employee contributions. Rather, it is based on a formula, in which allowable retirement service credit and salary are key factors.
Have questions about employee benefits? Contact SPPS Human Resources.
Call our office if you have questions about your pension benefit, 651-642-2550
We are open Monday through Friday, 8:00 a.m. to 4:30 p.m.
Summer Office Hours Start June 14
Summer Hours: Monday-Friday 7:30 a.m. to 4:00 p.m
Legislative UPDATE – 2013 Omnibus Bill
The State Senate late Friday night May, 10th, gave its approval to the Omnibus Pension Bill which now heads to a Conference Committee to resolve minor differences between the Senate and House versions. The Conference Committee has yet to schedule a meeting but action is expected in the next day or so. This week, the current Session is due to conclude. Therefore, insuring the Bill reaches the Governor’s desk in the next few days will be critical and is expected. Governor Dayton is a supporter of the proposal.
There was word, unconfirmed at this point, from the Senate President’s office that the funding difference between the House and Senate version has been resolved. The House allowed for the State’s additional supplemental payment of $7 million to SPTRFA to begin this fall (October, 2103). The Senate Finance Committee amended its bill to commence payments in the next fiscal year, July 2014. If the rumor is correct, the Senate side has located the sufficient funding to cover starting the payments later this year in accordance with the House language. Senate conferees are headed by Senate President Sandy Pappas and Senator Roger Reinhert (DFL-Duluth). House conferees are expected to include Representatives Mary Murphy and Mike Nelson.
May 10, 2013
This past week, the SPTRFA’s Proposal, which has been folded into the 2013 Omnibus Pension Bill, passed two more hurdles on its course through Legislative maze. Through the persistent efforts of Representative Mary Murphy (DFL-Hermantown), the Pension Bill was debated on the floor of the House and approved on a roll call vote 73-49. A handful of weakening amendments were beaten back during floor debate. The Bill, including our proposal which remained unchanged from the language which left the Pension Commission, was engrossed and now awaits Senate action.