| Year | # of Pre-1969 Teachers | 45% of Difference | Total |
| 1998 | 678 X | $172= | $116,616 |
| 1999 | 848 X | $261= | $221,328 |
| 2000 | 764 X | $365= | $278,860 |
| 2001 | 607 X | $527= | $319,889 |
| 2002 | 468 X | $611= | $285,948 |
| 2003 | 271 X | $500= | $135,500 |
| TOTALS | | Monthly Amount | $1,358,141 |
| | Yearly Amount | $16,297,692 |
Current Total TRA Annual Benefits Payment
(June 30, 2002 � June 30, 2003)
Estimated Increased Benefit Payout from TRA PRIF
(an increase of 1.6% resulting from HF 282/SF 213) is |
QUESTION 3: What Are The Estimated Investment Returns From The Transferred Funds
Held In Reserve In The TRA PRIF? |
| Actually, this increase in annual benefit payments is essentially covered by the investment returns generated by the $191,227,500 transferred to the TRA PRIF, as per 356.215, subd. 8(a), as follows: |
| Annual Estimated Interest on $191,227,500 at assumed interest rate of 8.5% |
| Estimated Increased Benefit Payout from Question #2 |
|
