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FAQs: In-service Tier I and II members under the QPP, all in-service TDA participants, and members with TDA Deferral status may file a new investment election change form or online equivalent; in this case, any 6-, 9-, or 12-month conversions in progress but not yet completed ...
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FAQs: TRS must issue a 1099-R form even if a distribution was rolled over.
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FAQs: The tax-free amount is listed in box #5; the taxable amount is listed in box #2a.
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FAQs: If you have separated from service (resigned or been terminated), or if you are on a leave of absence without pay, you may be eligible to transfer your membership to another retirement system within New York State.
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FAQs: Multiple Employment Membership status is automatically assigned to in-service members who render employment in two or more TRS-eligible positions during the same school year.
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FAQs: Once Tier I or II members have met their minimum accumulation and have at least 20 years of qualifying service, they may elect to stop making pension contributions.
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FAQs: Tier I and II in-service members and retirees may change their QPP investment elections four times a year.
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FAQs: If you are an in-service Tier I or II member who is not on a leave of absence, your employer makes contributions equaling 2.5% of your salary to your Increased-Take-Home-Pay (ITHP) account.
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FAQs: If you are a Tier I-Plan A member or a Tier II-Plan C member, and you have completed at least 20 years of qualifying service, you may be eligible to receive an excess withdrawal.
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