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June 20, 2013 Board Meeting Minutes
Minutes
What determines the number of units that a member has?
FAQs: In-service members may elect to invest contributions in the Passport Funds: all members may invest their TDA contributions; Tier I and Tier II members may invest their pension contributions.
May I change the amount that I am currently repaying toward my loan?
FAQs: If you are an in-service Tier III, IV, or VI member, you may submit a partial lump-sum payment on a QPP and/or TDA loan and thus reduce the amount of your regular loan payments.
What happens if I am a Tier I or II member...?
FAQs: In general, when you leave service, you may repay your outstanding loan balance in a lump sum within 30 days of TRS' notification.
What happens if I am a vested Tier III, IV, or VI member...?
FAQs: If you have vested rights when you leave service, any QPP loan balance would remain outstanding and would continue to accumulate interest.
If I stop contributing to the Qualified Pension Plan...?
FAQs: No. Your maximum TDA contribution amount is set by federal law.
If I retire with deferred payability...?
FAQs: Yes. You may do so by filing a TDA Withdrawal Application (code TD32) or online equivalent.
Can I receive an estimate of the amount I would receive per month if I annuitized my TDA funds?
FAQs: Yes, you can request a TDA estimate and it will be mailed to your address on file, once it has been generated.
On the EFT Authorization Form...?
FAQs: Members should contact their bank to determine if the money market account is considered a checking or a savings account.
How may I learn more about the performance of TRS' investments?
FAQs: TRS includes semi-annual investment updates in our In-Service News and Benefits Report newsletters, analyzing the performance of our investment programs; these publications regularly contain additional articles helping you understand how TRS' investments work for you.