Yes. TDA deductions are taken out of summer pay.

TRS’ TDA Program provides you the opportunity to build supplemental funds for retirement throughout your working years. Here are a few benefits of participation.

• Pre-Tax or After-Tax Investment: You can open a traditional TDA account or a Roth account, or both
• Investment Flexibility: Diverse investment choices
• Convenience: Contributions deducted automatically from your pay
• Loan Availability: Participants in the traditional TDA option can access to their TDA money before retirement
• Online access: Account management on our website

If you are a member with TDA Deferral status, or have separated from service through resignation or termination, or have reached age 59½, you can request a direct withdrawal from your TDA program account. If you are an in-service member not in TDA Deferral status and under age 59½ and experiencing a sudden and heavy financial hardship, you can request a hardship withdrawal from your TDA program account. All hardship withdrawals (except those based on domestic abuse) require documentation to substantiate the request.
 

Your TDA deductions will stop while you're on a leave of absence; however, your TDA funds will continue to earn the appropriate investment return, based on your investment elections.

Members with TDA Deferral status can view their TDA Quarterly Statements by logging in to the secure section of our website. Statements are available within one to two months after the end of each quarter of the calendar year.

TDA and Roth hardship withdrawals can be done online in the secure section of the TRS website. After logging into the secure section, navigate to your TDA or Roth landing page.

You may stop contributing to the TDA Program at any time by accessing the TDA feature in the secure section of our website, or by filing a paper TDA Contribution Rate Change Form (code TD4). Your contributions would stop with the first payroll that occurs at least 30 days after TRS receives your election.

Generally, once your TDA contributions have stopped, you may access the TDA feature or file a paper TDA Contribution Rate Change Form at any time to resume contributing.

In general, no. If you have more than one TDA beneficiary, your RMD is based only on your age. However, if you have only one primary beneficiary for your TDA account, and it is your spouse who is more than 10 years younger than you, then your beneficiary’s age is a factor in the calculation of your RMD.

In general, no. If you have more than one TDA beneficiary, your RMD is based only on your age. However, if you have only one primary beneficiary for your TDA account, and it is your spouse who is more than 10 years younger than you, then your beneficiary’s age is a factor in the calculation of your RMD.

When you retire, your TDA account will remain with TRS unchanged. This is sometimes called “TDA Deferral Status.” If you separate from service before retirement, you can file a form to elect TDA Deferral Status. TDA Deferral Status means that your TDA funds will remain invested with TRS. This status enables you to avoid paying taxes on your funds and any future investment return until a later date. A further benefit is that you may maintain an existing TDA loan and may be eligible to take out a new TDA loan.