2P124: Unpacking the Minnesota TRA Pension
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2P124: Unpacking the Minnesota TRA Pension
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About this listen
In this episode, Jason and Kevin welcome special guest Jason Savage to discuss the complexities and challenges surrounding the Minnesota Teacher Retirement Association (TRA) pension system. The conversation delves into the disparities between Tier 1 and Tier 2 pensions, the significant penalties faced by Tier 2 educators, and the lack of transparency within the system. Savage shares insights into legislative actions, union roles, and potential reforms while highlighting the broader implications for the teaching profession and educational sustainability. This episode is a must-listen for Minnesota educators striving to understand and advocate for a fairer pension system.
00:00 Introduction and Casual Banter
00:14 Kevin's Race Recap
01:22 Special Episode Announcement
01:43 Welcome
02:44 Meet the Hosts
03:35 About the 2Principles
04:58 Guest Introduction: Mr. Savage
07:18 Discussion on Minnesota Teacher Pension
30:24 Teacher Retirement Challenges
30:56 Financial Traps and Retirement Options
33:52 Deferred Augmentation and Pension Penalties
34:08 Union Representation and Pension Inequities
35:45 Legal Investigations and Transparency Issues
38:59 Legislative Efforts and Political Dynamics
49:21 Call to Action for Educators
57:36 Personal Reflections and Closing Remarks
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All statements made on the 2Principals Podcast represent the personal views and opinions of Jason Paurus and Kevin Jost. These statements are made solely by the individuals in their personal capacities and are not made on behalf of, nor are they affiliated with, their respective employers.