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.

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.

Members and beneficiaries who have received lump-sum distributions in the past five years can view the associated 1099 forms online by logging in to the secure section of our website. Retirees can view the 1099 forms for their monthly benefits, beginning with the 2021 tax year. Please note that TRS will continue to mail paper forms, including corrected forms, to all members. If you have any questions about the distributions reported on your online or paper 1099 forms, please file a 1099-R/1099-INT Inquiry Form (code GA5) with TRS.

Members and beneficiaries who have received lump-sum distributions in the past five years can view the associated 1099 forms online by logging in to the secure section of our website. Retirees can view the 1099 forms for their monthly benefits, beginning with the 2021 tax year. Please note that TRS will continue to mail paper forms, including corrected forms, to all members. If you have any questions about the distributions reported on your online or paper 1099 forms, please file a 1099-R/1099-INT Inquiry Form (code GA5) with TRS.

Yes. You may use the withdrawn money at your discretion.

A decision on your application should be made approximately 30-60 days after the end of the month in which TRS receives your application for hardship withdrawal.

Yes. You may use the withdrawn money at your discretion.

The monthly unit values used to value (in dollars) any investments in the variable-return Passport Funds would be the unit values in effect for the month after TRS’ receipt of your withdrawal request.