|2020 Direct Deposit Schedule|
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As a retired member of SPTRFA, you may have questions about your benefits and the retirement laws and regulations that apply to you.
The SPTRFA is committed to helping you get the retirement information you need. We encourage you to explore all the resources on our website. If you have specific account questions, please contact us at 651-642-2550.
Returning to Work?
In response to a number of questions we’ve received recently, we thought we’d highlight 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.
What you need to know about Earnings Limitations
If you are receiving a pension from the SPTRFA, are under age 65, and are re-employed by Saint Paul Public Schools (SPPS) or Saint Paul College (SPC), your benefit may be reduced. If your calendar year post-retirement SPPS or SPC earnings exceed the earnings limitation as defined by the Social Security Administration, currently $46,000, the following year’s pension is reduced by $1.00 for every $3.00 earned over the limit. Any recovered excess earnings will remain with SPTRFA.