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 of up to 95% of your TDA or Roth balance drawn only from your 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.

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.

If you are contemplating retiring soon, you may be wondering how to begin. It's important to begin preparing for the application process well in advance of your intended retirement date.

The following checklist should help you prepare for the retirement process.

• Review your service credit as soon as possible, to ensure you are eligible to retire;
• Consider taking a loan or, if applicable, an excess withdrawal;
• Choose a method of distribution for your TDA funds;
• Elect a payment option and designate your beneficiaries, if applicable;
• Tier I and II members should make a QPP investment election at retirement;
• File the Service Retirement Application for your tier;
• Read any of the applicable TRS Retirement Series brochures; and
• Check for the forms you may need to file with your retirement application
• Before filing for retirement, TRS must have your Electronic Fund Transfer (EFT) information on file If you haven’t already done so, please establish your Electronic Fund Transfer (EFT) information with TRS to receive your retirement allowance directly into your bank account electronically. TRS cannot pay your retirement allowance until we have your bank account information on file. Log in to the secure section of our website and access the Payments section to designate an account.

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.