Total Withdrawals are for members who want to withdraw their entire TDA or Roth balance and close the account, normally after retiring or separating from service. A partial withdrawal would not close the account; it will remain open, even if the entire balance is withdrawn. When you apply for a withdrawal, please note that there are different options online for a partial withdrawal and a total withdrawal.

In general, you must wait at least one year after receiving an excess withdrawal before you are eligible to apply for another. However, in conjunction with retirement, you may apply for an excess withdrawal regardless of when you made your last excess withdrawal.

No. 100% of the distribution must be paid directly to you; these funds cannot be rolled over into an IRA or other eligible successor program.

Taking an excess withdrawal would not impact your loan eligibility. However, it would reduce the amount available for a future QPP loan.

Taking an excess withdrawal would reduce your Annuity Savings Fund balance. As a result, you would receive a lower retirement allowance than you otherwise would have.

If you are a Tier I-Plan A member or a Tier II-Plan C member, and you have completed at least 20 years of qualifying service, you may be eligible to receive an excess withdrawal. If you qualify, you may withdraw all or part of your funds that exceed your Minimum Accumulation; this includes your contributions in the Annuity Savings Fund and the earnings on those contributions. To withdraw your funds, file an Excess Withdrawal Application (code RW74).

TRS would issue your distribution of TDA funds as follows:

• For partial withdrawals drawn only from your balance in the Fixed Return Fund: Generally within 15 days of TRS' receipt of your withdrawal request.
• For all other withdrawals: Generally within 45 days of TRS' receipt of your withdrawal request.

TRS would issue your distribution of TDA Program funds as follows:

• For partial withdrawals up to 95% of your TDA or Roth balance and drawn only from your balance in the Fixed Return Fund: Generally within 15 days of TRS' receipt of your withdrawal request.
• For all other withdrawals: Generally within 45 days of TRS' receipt of your withdrawal request.

A Qualified withdrawal is a tax-free distribution that is not subject to taxes or penalties. The IRS requires both of the following conditions to be met in order for a withdrawal to be designated as Qualified:

1. Your Roth account must be open for at least five years. This begins on January 1^st of the tax year in which you made your first Roth contribution.
2. You must be at least 59½ at the time of distribution.