You may withdraw your QPP funds in the following cases:

• You are a non-vested member in any tier;
• You are a vested Tier I or II member;
• You are a vested Tier III or IV member who has at least five, but less than ten, years of TRS membership service.

QPP funds available for withdrawal would include:

• For Tiers I and II members—Your Annuity Savings Fund (ASF) balance.
• For Tiers III, IV, and VI members—Your Member Contributions Accumulation Fund (MCAF) and your Annuity Savings Accumulation Fund (ASAF) balances.

If you are a Tier II, III, or IV member who participated in the Age 55 Retirement Program and you were laid off from your TRS-eligible position for reasons of economic hardship, you may also withdraw the balance in the employee portion of the Additional Member Contributions (AMCs) you made under this program (less any deficits in the employer portion of your AMCs). For all other members, AMCs are not refundable.

No partial withdrawals are allowed. To withdraw your funds, you must file an Application for Withdrawal of QPP Accumulations (code RW41) . 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 your QPP withdrawal application. In all cases, the tax-free portion of your withdrawal will be paid directly to you.

If you withdraw your QPP funds and are a participant in TRS' Tax-Deferred Annuity (TDA) Program, you must also withdraw your TDA funds.