1099 forms for a given year are generally issued by the following January 31.

1099 forms for a given year are generally issued by the following January 31.

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.

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.

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.