You may change your Payment Option election up to 30 days after your effective retirement date. Currently, the best way to do this is to submit a notarized letter to TRS stating what option you would like to choose.  If you choose Option 1, 2, 5-1, or 5-2, which provide continuing payments to one beneficiary, you must also enclose proof of your beneficiary’s date of birth with your letter.  Your letter should indicate the beneficiary’s full name, address and phone number, relationship to you, date of birth, and Social Security number or alternative Tax ID.

As an alternative, if you have not yet reached your retirement date, you can cancel your retirement application and submit a new online application with the payment option you prefer.