Changed TRAF Contribution Method

  • September 30, 2015
  • News

Under a new method, all TRAF contributions will be deducted from September to June based on the number of pensionable days paid in each month rather than based on the number of pay periods in a year. As a result, TRAF contributions will fluctuate from month-to-month and will only be deducted from September to June. There will be no TRAF contributions required in July and August, unless the member is in a position that includes paid days for July and August. The total contributions over the course of the year are the same under the current method and the new method. Please refer to the attached information which outlines the details of this new method. We have also attached an example of a teacher’s TRAF contributions for the 2014/15 school year on the current and new method so you can see how the teacher is impacted.

New TRAF Contribution Method Example 2015 new (2)