The monthly unit values used to value (in dollars) any investments in the variable-return Passport Funds depend on your membership status when filing for your TDA withdrawal, as explained below:

• In most cases, the unit values used would be the unit values in effect for the month after TRS’ receipt of your withdrawal request.
• If you are filing to withdraw your TDA funds in conjunction with your separation from service, but after the withdrawal of your Qualified Pension Plan (QPP) accumulations, the unit values used generally would be the unit values in effect for the month after TRS’ receipt of your “Application for Withdrawal of QPP Accumulations” (code RW41) or “TRS Membership Transfer Form” (code RW39). However, if you are a non-vested member who filed to withdraw your QPP funds before the date you separated from service, the unit values used would be the unit values in effect for the month after your separation from service.
•  If you are filing to withdraw your TDA funds after your TRS membership rights expired, the funds in your TDA account stopped accruing interest and/or investment return on the date your membership rights expired (i.e., seven school years after your separation from service). The unit values used would be the unit values in effect for the month after that seven-year anniversary date.