Beneficiaries are not permitted to reinvest death benefit funds with TRS. (Before 2021, certain TDA beneficiaries could choose to maintain funds invested in TRS’ Passport Funds by establishing a “TDAB” account--a beneficiary account in TRS’ Tax-Deferred Annuity Program. However, a New York State law passed in 2021 closed our TDAB accounts to new participants; the law does not affect existing TDAB accounts in any way.)