Annuitants: Please Note 1099-R forms have been mailed to you Friday, January 29, 2016

For further information on 1099R’s please click here.

SPTRFA’s Annual Meeting of the Members, took place, Thursday, January 21, at Saint Paul Public Schools, 360 Colborne Street in Auditoriums J & K.  Please click here for the Annual Meeting of the Members agenda.

If you are interested in an appointment or wish to request benefit information please use the online request forms found on this webpage.

 

Click here to read more from the End of the Year 2015 Newsletter.newsimage

  • Memo To Our Members
  • Recommended Financial Reading
  • Portfolio Update
  • Helpful Financial Planning Tools
  • Are you saving enough for your future?
  • Call for Board of Trustee Nominations

 


Are you retirement ready? 

Schedule an appointment on Tuesdays or Thursdays, when we offer early or late day counseling sessions! Unable to meet with us in person?  Schedule a phone counseling appointment or send us a message at info at sptrfa.org

More retirement events to be scheduled in 2016! Stay tuned…


Notice to our active members

Your SPTRFA lifetime pension benefits, paid at retirement, are earned throughout your career with St. Paul Public Schools.  You make biweekly payroll deductions to help fund those benefits.

Good news: Beginning with the 2015 – 2016 school year, the value of your pension benefits will increase as a higher multiplier takes effect. You will see this change reflected in your June 30, 2016 SPTRFA annual statement.

To pay for this benefit increase, your contribution rate will adjust to 7% on July 1, 2015, and 7.5% on July 1, 2016. Contribution rate increases will be shared with the District through 2017.


Are you retired and returning to work?

What you need to know about the Break In Service rule.

In order to have a right to receive your retirement benefit from SPTRFA, Minnesota law requires a “complete and continuous separation for 90 days from employment in any form with Independent School District No. 625.” Importantly, “employment” for this purpose includes “service provided to the school district as an independent contractor or as an employee of an independent contractor.”
Under this rule, for example, employment with Teachers on Call for service as a substitute teacher in District 625 within 90 days of your final date of employment with District 625 would result in a failure of the Break in Service rule. Please be advised that Minnesota law requires the SPTRFA to recover, with interest, amounts received by a member who fails to satisfy the Break in Service rule.


 

Thinking of Retiring in 2016-2017?

Retiring2015

To schedule your appointment call the Retirement Fund, (651) 642-2550

If you are retiring at the end of school year 2016-2017, we are giving you first priority for a one-on-one appointment with our pension benefit counselors. We strongly encourage you to meet with us prior to submitting SPTRFA application documents.

Before your appointment gain an understanding of the pension benefit application process using the links below:

Review SPTRFA Retirement Application
Read an easy to follow checklist explaining the retirement process

Important Reminder: You must complete all SPTRFA Retirement Application paperwork and provide the required documentation prior to receiving your pension benefit.