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St. Francis Area Schools
A PreK-12 public school district serving the communities of Athens Township, Andover, Bethel, East Bethel, Linwood Township, Nowthen, Oak Grove, St. Francis and Stanford Township

Pensions

Many staff members of St. Francis Area Schools have a public pension through the state of Minnesota. Contributions to the pension are made each pay period by the employee.

Watch a short video

This video is ideal for all staff, everyone from new hires to long-term employees. The video explains how the pension works, where the contributions are invested and shares the good news that employees are saving for retirement.

The video is a joint effort of the public pension plans in Minnesota — MSRS, PERA and TRA.

PERA Pension

For employees meeting minimum earning requirements in a position not requiring a Minnesota Teacher License, contributions are made to the Public Employees Retirement Association (PERA). Each payroll payment, members contribute 6.5% of their before-tax earnings to fund their PERA benefits. The school district contributes 7.5% on your behalf. Contact PERA at 1-800-652-9026 or visit www.mnpera.org

TRA Pension

For employees in a position that requires a Minnesota Teacher License, contributions are made to the Teachers Retirement Association (TRA). Each payroll payment, members contribute 7.5% of their before-tax earnings to fund their TRA benefits. The school district contributes 7.5% on your behalf. Contact TRA at 1-800-657-3669 or visit www.minnesotatra.org

Resources

ISD 15 School Board Policy 562 Retirement Benefits

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