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FAQs: Under the EFT system, funds are deposited in your account on the day the payment is issued.
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FAQs: In general, your deductions would take effect with the first payroll that occurs at least 60 days after TRS receives your elections through the TDA feature in the secure section of our website, or paper form: the TDA Enrollment Form (code TD1) for new participants, and t...
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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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