Change Rate - Terms & Conditions

I certify that I have read the Your Tax-Deferred Annuity Program and the online instructions, and that I understand the conditions of TDA participation. I also certify that I have read and understand the information provided in the Fund Profiles booklet about TRS' investment options, the Passport Funds. I authorize TRS to implement the TDA contribution rate indicated, and I understand that TDA deductions would generally take effect on the first available payroll (during the school year) that occurs at least 30 days after TRS receives my enrollment. I also understand the online help that describes different aspects of TDA participation, including the Full-Year, Full-Contribution Rate and the procedures for changing my contribution rate, and terminating my contributions. I affirm that, to the best of my knowledge, all information I have provided is true and correct.

  • Limits on Contributions: The Internal Revenue Code (IRC) mandates specific limits on the amount of money that individuals may contribute each year to Section 403(b) and Section 401(k) Plans. These limits are applied cumulatively to all 403(b) and 401(k) Plans in which contributors may participate. Therefore, if you also contribute to other Section 403(b) and 401(k) Plans, you are responsible for ensuring that your aggregate contributions do not exceed the IRC limits.
  • Stopping Contributions: You may change your TDA contribution rate or stop your TDA contributions on our website. If you reach your TDA contribution limit before the end of the calendar year, your TDA contributions would automatically cease for the remainder of the calendar year, and you would receive a refund of any contributions that exceeded the limit.
  • Changing Your Investment Mix: You may change the way your future contributions and past accumulations are invested on our website at any time. Investment election changes take effect on the following conversion dates: July 1, October 1, January 1, and April 1. Your elections would take effect on the next conversion date that occurs at least 30 days after TRS receives your form or online equivalent.
  • Beneficiary Designations: It is important that you keep your beneficiary designations updated at all times. (If you do not have a beneficiary designation on file with TRS, any TDA funds in your account would be payable to your estate after your death.) You may update your TDA beneficiary designations at any time on our website.