Establishing a “TDAB” account (a beneficiary account in TRS’ Tax-Deferred Annuity Program) was previously an option for some beneficiaries. Instead of receiving a payment or rollover of the TDA death benefit, beneficiaries were able to maintain an account in the TDA Program, with the funds invested in TRS’ Passport Funds (but not the Fixed Return Fund). The TDAB program was closed to new participants in 2021.

Eligibility Requirements

• The member’s date of death must be before July 1, 2021.
• Beneficiaries must request the establishment of their TDA Program account within six months of the member’s death. 
• The value of the TDA benefit must be at least $5,000. 

• Your entire TDA benefit must be used to establish your TDAB account. 
• The election to establish a TDAB account is irrevocable; however, participants are generally allowed to withdraw their TDA funds.   
• As part of TDAB enrollment, participants can choose how to invest their TDA funds among TRS’ variable-return Passport Funds (not the Fixed Return Fund). Investment election changes can be made four times per year by filing a TDA Investment Election Change Form for Beneficiaries  (code TD81).