If you are a member in active service or on a leave of absence, you may apply for a loan from the Qualified Pension Plan (QPP) by logging in to the secure section of our website or by filing a paper QPP Loan Application (code LO6) .

If you are a participant in TRS' Tax-Deferred Annuity (TDA) Program and you are in active service, on a leave of absence, or have TDA Deferral status, you may apply for a TDA loan by logging in to the secure section of our website or by filing a paper TDA Loan Application (code LO15) .

However, if you are applying for a QPP or TDA loan in conjunction with retirement, you must file a paper loan application. For more information about loans, please refer to the QPP Loans and TDA Loans brochures.

If you submitted your retirement application after your separation from service, you will receive an advisement letter approximately 90 days before your effective retirement date. This letter will provide an estimate of your QPP retirement allowance. In addition, if on your retirement application you elected to annuitize your TDA, you will receive an estimate of your TDA annuity.

If you are a member in active service or on a leave of absence, you may apply for a loan from the QPP by logging in to the secure section of our website or by filing a paper QPP Loan Application (code LO6).

If you are a participant in TRS' TDA Program and you are in active service, on a leave of absence, or have TDA Deferral status, you may apply for a TDA loan by logging in to the secure section of our website or by filing a paper TDA Loan Application (code LO15).

However, if you are applying for a QPP or TDA loan in conjunction with retirement, you must file a paper loan application. For more information about loans, please refer to the QPP Loans and TDA Loans brochures.

Tier I and II members must repay QPP loans within four years. All TDA loans, and QPP loans for Tier III, IV, and VI members, must be repaid within five years.

Tier I and II members must repay QPP loans within four years. All TDA loans, and QPP loans for Tier III, IV, and VI members, must be repaid within five years.

If a Tier II, III, IV, or VI member dies while in service and is credited with at least one year of service since last joining TRS, the member's designated beneficiary can apply to receive ordinary death benefits under the Qualified Pension Plan (QPP). The death benefit would equal the balance in the member's Annuity Savings Fund (ASF) (for Tier II members) or Member Contributions Accumulation Fund (MCAF) and Annuity Savings Accumulation Fund (ASAF) (for Tier III, IV, and VI members), plus the amount of either Death Benefit #1 or Death Benefit #2.

As of October 1, 2000, beneficiaries of Tier II, III, and IV members receive the greater of either Death Benefit #1 or Death Benefit #2, even if the member had elected Death Benefit #1 coverage. Members who joined TRS after January 1, 2001 (including Tier VI members) are automatically enrolled in Death Benefit #2.

Contribution rates are based on annual wages earned during "plan years," as indicated in the table below.

A plan year is defined as the period of time from January 1 to December 31. (Prior to January 2017, plan years began April 1 and ended March 31.) QPP contribution rates are subject to change as of January 1, the start of the new plan year. If TRS determines that a rate change is required, we will notify you in advance; contribution rate changes take effect on the first available payroll in January. If TRS does not notify you, your contribution rate would remain the same for the next plan year.

The taxable portion of any withdrawn QPP funds is taxable upon receipt and would be reported to the IRS. The IRS requires that TRS withhold 20% of any taxable amount you withdraw unless you instruct TRS to directly roll over the amount into an eligible IRA(s) or other successor program(s). An additional IRS-imposed 10% tax would apply unless the withdrawal is made: a) in conjunction with your separation from service during or after the year in which you attain age 55; or b) during or after the year you attain age 59½; or c) as a qualified hardship withdrawal; or d) in conjunction with your disability retirement; or e) by your beneficiary in conjunction with a death benefit payment.

If a Tier II, III, IV, or VI member dies while in service and is credited with at least one year of service since last joining TRS, the member's designated beneficiary can apply to receive ordinary death benefits under the Qualified Pension Plan (QPP). The death benefit would equal the balance in the member's Annuity Savings Fund (ASF) (for Tier II members) or Member Contributions Accumulations Fund (MCAF) and Annuity Savings Accumulation Fund (ASAF) (for Tier III, IV, and VI members), plus the amount of either Death Benefit #1 or Death Benefit #2.

As of October 1, 2000, beneficiaries of Tier II, III, and IV members receive the greater of either Death Benefit #1 or Death Benefit #2, even if the member had elected Death Benefit #1 coverage. Members who joined TRS after January 1, 2001 (including Tier VI members) are automatically enrolled in Death Benefit #2.

For most QPP loans and any TDA loan issued before October 5, 2024, full insurance coverage begins 30 days after a loan is issued; insurance premiums are included in regular loan payment amounts for loans. TDA loans issued on or after October 5, 2024 are not insured.

For QPP loans issued to Tier I and II members, partial insurance coverage begins 30 days after a loan is issued; this coverage gradually increases until 90 days after the loan is issued, when coverage reaches 100% of the loan balance, up to a $10,000 limit. Tier I and II members are not charged for the insurance on a QPP loan.

In all cases, Insurance on a loan is terminated if you default on your loan.