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What is Death Benefit #2?
FAQs: Under Death Benefit #2, the benefit would equal one year's salary upon the completion of one year of service, two years' salary upon the completion of two years of service, and three years' salary upon the completion of three or more years of service.
What retirement plans are available to Tier II members?
FAQs: If you have 25 or more years of qualifying service and have reached age 55, you would qualify for immediate payment under Plan C.
What retirement plans are available to Tier I members?
FAQs: If you have 25 or more years of qualifying service and have reached age 55, you would qualify for immediate payment under Plan A.
What retirement plans are available to Tier III and IV members?
FAQs: If you have 25 or more years of qualifying service and have reached age 55, you would qualify for immediate payment under Plan A.
Will I receive a reduced retirement allowance due to my age at retirement?
FAQs: If you choose to retire earlier than normal retirement age, an age-reduction factor may be applied to your service retirement allowance, depending on your tier and retirement program.
As a member with vested deferred status, can I receive an estimate of my QPP retirement allowance or
FAQs: If you submitted your retirement application after your separation from service, you will receive an advisement letter approximately 90 days before your effective retirement date.
What is the Balanced Fund?
FAQs: The Balanced Fund is a moderately conservative investment option that includes exposure to bonds and stocks.
When would a loan go into default?
FAQs: If your loan is not fully repaid within five years, it is considered in default, and TRS would ask you to make a lump-sum repayment within 30 days.
When does the Medical Board meet?
FAQs: In general, meetings are held every two weeks, usually on a Wednesday.
What is a Power of Attorney (PoA)?
FAQs: A Power of Attorney (PoA) is a legal instrument that allows one or more individuals (referred to as agents or attorneys-in-fact) to act on behalf of another person (referred to as the principal).