The Teachers' Retirement Allowances Fund (TRAF) is a pension plan for public school teachers in Manitoba, established in 1925. It collects contributions, manages investments, and provides retirement benefits. Services include seminars, online tools, and customer support. The target audience is public school teachers and eligible employees. TRAF's unique selling proposition is its defined benefit plan, offering predictable retirement income based on salary and service years, managed prudently to ensure long-term financial stability for its members. This stability and predictability set it apart from other retirement plans.