In general, lump-sum payments of your retirement allowance are only permitted for terminally ill members (please see the TRS' Lump-Sum Disability Benefit brochure); however, all eligible members may apply for a loan from their funds in conjunction with retirement. If you are a Tier I and II member, you may also withdraw in a lump sum any amount in your Annuity Savings Fund (ASF) that is in excess of your minimum accumulation. (Please note that an outstanding loan or an excess withdrawal at retirement may result in a reduction of your retirement allowance payments.)