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FAQs: Your TDA deductions will stop while you're on a leave of absence; however, your TDA funds will continue to earn the appropriate investment return, based on your investment elections.
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FAQs: As a TRS member, once you have completed the minimum requirements, you will be entitled to receive a retirement allowance from the Qualified Pension Plan.
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FAQs: You will be assigned a membership number once we have completed processing your enrollment.
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FAQs: Once you withdraw your funds from TRS, your current membership will cease.
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FAQs: Yes. You may transfer the taxable portion of your withdrawal to another eligible Section 401 Plan or an IRA account.
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FAQs: In general, you must wait at least one year after receiving an excess withdrawal before you are eligible to apply for another.
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FAQs: Excess Withdrawal Applications are processed in the order that they are received, and are usually processed within two to three months after TRS' receipt of an application.
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FAQs: 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.
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FAQs: TRS makes every effort to synchronize the two payments.
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FAQs: Taking an excess withdrawal would not impact your loan eligibility.
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