This is the page where you will determine your TDA Contribution Rate.

• Select to contribute at either your Full-Year Contribution Rate or indicate a percentage of your gross pay to contribute.
• When you are finished with your contribution rate, click "Next." You will be taken to a page where you can select which Passport Funds your money should be invested in.
• Click "Cancel" to return to the My Home page.

TRS' Tax-Deferred Annuity (TDA) Program is a voluntary defined-contribution plan under Section 403(b) of the Internal Revenue Code (IRC). Payroll deductions accumulate in an account toward a post-retirement annuity that is separate from your retirement allowance under the Qualified Pension Plan. TDA participation is subject to guidelines established in the IRC for Section 403(b) Programs, including withdrawal restrictions.

Before enrolling online, please read the Your Tax-Deferred Annuity Program for complete details of the TDA Program, and the information available about each of TRS' Passport Funds.

You may elect the "Full-Year, Full-Contribution Rate." This rate would allow you to contribute the highest allowable amount under the IRC—your "full contribution"—from year to year, by contributing equal amounts during each pay period of a calendar year—the "full year." TRS will adjust your actual contribution rate before each calendar year so that your annual TDA contributions are maximized; you will not need to make any adjustments to your rate. (Note: Since this election is designed to produce the full contribution over 12 months, if you elect the "Full-Year, Full-Contribution Rate" after January, you may not reach your contribution limit for that year.) Please note that, in certain cases, TRS would not be able to calculate (and display) a member’s FYFC rate.

TRS will automatically calculate your FYFC Rate for each calendar year and notify you accordingly. If you choose the FYFC Rate option, it will remain in effect from year to year unless you change your contribution rate.

You may elect your own contribution rate. Electing your own rate would give you more control over your TDA contributions. If you choose a lower contribution rate, you may not reach your annual contribution limit, but your take-home pay would be higher. If you choose a higher contribution rate, you would be able to reach your annual contribution limit while contributing for only a portion of the year.

Please note that TDA contribution limits are established each year under the IRC. However, members 50 years and older are eligible to make additional "catch-up" contributions. An additional catch-up rule applies for certain members who have 15 years of qualifying service. Each year’s contribution limits are available on our website and in the Your Tax-Deferred Annuity Program.

You may change your contribution rate, or stop your contributions, at any time in the secure section of our website. You may also change your investment elections on a quarterly basis in the secure section.

This calculator uses information you enter from your pay stub to help you determine the highest TDA contribution rate that may be implemented on payroll.

TDA contributions can be deducted from your pay only after certain other deductions are taken. Use this tool to find out how much of your pay remains after those deductions—and the TDA contribution rate that this equates to.

The calculated contribution is likely to be implemented successfully on payroll, based on the information you entered. However, if the rate is too high (the requested TDA deduction exceeds the amount available to deduct), then no TDA deduction would be taken from your pay. Please use caution when electing a high TDA contribution rate.

Please refer to your most recent pay stub (or online pay statement) to enter the following information.

Pay Details: The Gross Salary is the amount you earn per pay period (bi-weekly, semi-monthly, or monthly).

Tax Deductions: The amounts deducted for various tax purposes (FICA/Social Security, Medicare, Federal, State, and City withholding).

Deductions: All other amounts deducted for benefits, insurance, pension, loans, dues, etc. The list below shows the calculator entry fields and related paystub code examples.

• Health Insurance: Depends on your provider.
• Recoupments: May appear as RCPMT or RECOUP on pay statement.
• Transit Benefit: May appear as IRC132, TSA, TRBN, or COMM NO FEE on pay statement.
• Pension: Appears as TRS 414h STD on pay statement.
• Garnishments: May appear as GRNSHMTS, GARNISH, or GN on pay statement.
• Loans: May appear as TRS PENLN or TRS TDA LN on pay statement.
• Fines: May appear as FINE, or FIN on pay statement.
• 457 Deductions: May appear as 457 on pay statement.
• Life Insurance: May appear as INS, LIFE, WEL FND, or WF on pay statement.
• Dues: Depends on your union. (Examples: UFT, COPE, SHIP, SPRVSR & ADM, CSA, PSC, PROF STF CON).
• Prior Service: May appear as TRS Buyback on pay statement.
• Service Deficit: May appear as DEF, DF, or 414 ARR on pay statement.
• Dependent Care: May appear as DeCAP on pay statement.
• Flexible Spending Plan: May appear as IRC125, HCFSA or FSA on pay statement.

After you enter all of the required information, click "Calculate." The amount remaining for TDA contributions and the equivalent TDA contribution rate will be shown.

If you want to use this rate as your contribution rate, click "Use Rate." This rate will be shown on the Change screen.

Please note that if you re-enter any of the required information and click "Use Rate" instead of "Calculate," a rate based on the new values you entered would be shown on the Select Option screen.

This is the page where you will determine how your incoming TDA money will be invested in TRS' Passport Funds.

• If you have not done so already, please read the Fund Profiles booklet. It provides information on TRS' Passport Funds such as strategy, risk, expenses, and performance.
• Under "New" enter the percentage of your contribution that you would like to allocate to each fund, in increments of 5%. Make sure the "Percentage" column adds up to 100%.
• When you are finished with your allocations, click "Next." You will be taken to a confirmation page.
• Click "Previous" to return to the previous page. Click "Cancel" to return to the My Home page.

• The "New %" column displays how your incoming TDA money will be invested in TRS' Passport Funds.
• If you are satisfied with your enrollment elections, check the Terms & Conditions checkbox and click "Confirm." A receipt of your transaction will then be displayed.
• If you are not satisfied with your enrollment elections, click "Previous." You will be taken back to the previous page where you can change your allocations.

Your TDA contribution rate and investment elections would generally take effect on the first payroll that occurs at least 30 days after TRS receives your enrollment. Your payroll deductions would accumulate in your account toward a post-retirement annuity separate from your retirement allowance under the QPP. In accordance with Section 402(g) of the IRC, your cumulative annual contributions to Section 403(b) programs and Section 401(k) programs may not exceed the established annual limit, unless you are eligible for "catch-up" contributions. Please refer to the Your Tax-Deferred Annuity Program to learn if you are eligible to make "catch-up" contributions. If you reach your dollar limit for TDA contributions during a calendar year, your contributions would be discontinued for the remainder of that year and would automatically resume the following year.

Under the TDA Program's automatic re-enrollment feature, your TDA contributions would automatically continue unless you elect to change your contribution rate or terminate your contributions. You may change your TDA contribution rate, terminate your contributions, or change your investment elections at any time.