2P124: Unpacking the Minnesota TRA Pension

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.