As a member of the Teachers' Retirement System of the City of New York (TRS), you may apply for an annuity under the Tax-Deferred Annuity (TDA) Program by filing a TDA Annuitization Election Form (code TD6). If you are filing this form in conjunction with retirement under the Qualified Pension Plan (QPP), TRS must receive your application at least one business day, but no more than 90 days, before your effective retirement date. Pending TRS’ review and approval, filing your application will enable you to receive monthly payments of your annuity.
Please note that your TDA annuitization date would be the same as your retirement date under the QPP. If you are a retired TRS member who initially elected TDA Deferral status, you may apply for an annuity under the TDA Program and select an annuitization date that is at least one business day before, but no more than 90 days after, TRS receives your application.
Important Note about Required Minimum Distributions (RMDs): If you are required to receive an RMD from your TDA account in the same year you apply for an annuity with an initial payability date of April 1 or later, the entire RMD amount due that year must be paid to you before TRS annuitizes the balance remaining in your TDA account (As a reminder, RMDs are generally first due the year in which you reach age 73 or separate from service, whichever is later.)
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