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TDA Withdrawal Application for Beneficiaries (code TD32B)
form
What determines the number of units that a member has?
FAQs: In-service members may elect to invest contributions in the Passport Funds: all members may invest their TDA contributions; Tier I and Tier II members may invest their pension contributions.
If I stop contributing to the Qualified Pension Plan...?
FAQs: No. Your maximum TDA contribution amount is set by federal law.
On the EFT Authorization Form...?
FAQs: Members should contact their bank to determine if the money market account is considered a checking or a savings account.
How may I learn more about the performance of TRS' investments?
FAQs: TRS includes semi-annual investment updates in our In-Service News and Benefits Report newsletters, analyzing the performance of our investment programs; these publications regularly contain additional articles helping you understand how TRS' investments work for you.
How much must I contribute to the QPP as a Tier I or II member?
FAQs: TRS determines a Certified Rate of Contribution for you based on factors such as your age and credited prior service.
What should I do if I believe there is an error in the amount of pension deductions taken from my pa
FAQs: If you believe an incorrect amount was deducted for your pension contributions, please notify TRS' In-Service Payroll Division in writing and attach a photocopy of the paystubs in question.
Can I pay my own federal taxes once I retire?
FAQs: Yes. However, you should ask the Internal Revenue Service or your tax consultant for advice regarding "estimated taxes" in order to avoid the possibility of penalties due to underpayment.
If I am a Tier III or IV member, how would my Final Average Salary (FAS) be calculated?
FAQs: Your FAS generally would be the highest average of wages earned during any continuous period of employment for which you were credited with three years of service (subject to certain exclusions).
If I am a Tier VI member, how would my Final Average Salary (FAS) be calculated?
FAQs: Your FAS generally would be the highest average of wages earned during any continuous period of employment for which you were credited with five years of service (subject to certain exclusions).