Reinstate the Rule of 90 or Its Equivalent
The Rule of 90 allowed early retirement with no
reduction of your pension if the sum of your age and years and months
of service totals at least 90. The Minnesota Legislature repealed the Rule of 90 and raised the normal (or full-benefits) retirement age
for public educators to age 66 for those hired on or after July 1, 1989. If you choose to retire before 66 your pension will be reduced by 3 percent for each year you are under 66. Physical and mental stress, however, is making it more difficult for educators to work until the age of 66.
We are asking Education Minnesota to make the reinstatement of Rule of 90, or its equivalent, their legislative priority. Moreover, we ask the legislature to provide the the necessary funding to TRA WITHOUT increasing educator contributions.