When you transfer your membership, you also transfer your tier status, service credit, and accumulations in the Qualified Pension Plan (QPP). In addition, Tax Deferred Annuity (TDA) Program participants must elect to withdraw, directly roll over, or directly transfer their TDA funds.

The following rules apply for transferring QPP accumulations:

• If you are a participant in the Age 55 Retirement Program—You may not transfer your Additional Member Contributions (AMCs) unless you are transferring to the Board of Education Retirement System (BERS); in this case, the employee portion of your AMCs may be transferred. If you are transferring to a system other than BERS, you may receive the employee portion of your AMCs as a withdrawal or directly roll over this portion. The entire balance of the employee portion of your AMCs is taxable.
• If you are a Tier III, IV, or VI member—You may not transfer your Annuity Savings Accumulation Fund (ASAF) balance because other retirement systems do not have an equivalent fund to support these monies. Therefore, you may receive your ASAF funds as a withdrawal or directly roll over the balance. The entire ASAF balance is taxable.

If you elect to directly roll over all or part of the taxable portion of your withdrawal to one or more eligible Individual Retirement Arrangements (IRAs) or other successor programs, you must attach a completed QPP Direct Rollover Election Form (code RW29) with the TRS Membership Transfer Form (code RW39) . In all cases, the tax-free portion of your withdrawal will be paid directly to you.