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FAQs: Taking an excess withdrawal would not impact your loan eligibility.
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FAQs: Any pre-1987 contributions in your excess funds are tax-free; however, any other excess amounts are taxable upon receipt and would be reported to the IRS.
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FAQs: Yes. You may transfer the taxable portion of your withdrawal to another eligible Section 401 Plan or an IRA account.
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FAQs: An excess withdrawal reduces your Annuity Savings Fund balance, which results in a smaller retirement allowance.
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FAQs: TRS will place a stop-payment on a lost loan check if you file an Affidavit for Check Reissue Request (and Authorization to Stop Payment) (code BK2) .
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FAQs: TRS will place a stop-payment on a lost check and reissue your check if you file an Affidavit for Check Reissue Request (and Authorization to Stop Payment) (code BK2).
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FAQs: If you make a Direct Withdrawal, TRS sends the withdrawn amount directly to you.
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FAQs: You may request to withdraw all or part of your post-1988 TDA contributions if a sudden and heavy financial hardship leaves you unable to reasonably meet certain expenses, and other resources are unavailable to you.
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