Yes. You may elect a new rate by filing an online election through the secure section of our website or by filing a Withholding Certificate for Periodic Pension or Annuity Payments (W-4P) with TRS.

Please note that, if you have a permanent home address outside of the United States, Internal Revenue Service (IRS) regulations prohibit you from electing to have no federal income tax withheld from your retirement benefits.

Your withholding election would generally take effect approximately two to six weeks after TRS receives your online W-4P filing, or approximately two months after TRS receives your paper form.