The Teachers' Retirement Allowances Fund (TRAF), established in 1925, is the pension plan for public school teachers and other eligible employees in the Province of Manitoba. MISSION STATEMENT: We commit ourselves to manage the funds entrusted to our care in a prudent and professional manner, and to provide caring and responsive service to members. TRAF collects contributions from members, manages the investments of the pension plan and provides retirement, termination and death benefits to members and their beneficiaries as outlined in The Teachers' Pensions Act. TRAF must also comply with the applicable sections of The Pension Benefits Act and the Income Tax Act (Canada). The Teachers' Retirement Allowances Fund is a defined benefit pension plan that is funded with member contributions, investment income and deposits from the Province of Manitoba.