In general, the minimum QPP loan available is $250; however, for Tier III, IV, and VI members who do not have an outstanding QPP loan, the minimum QPP loan available is $1,000. The minimum TDA loan available is $1,000 for all members, except for those with an outstanding TDA loan balance; those members may request a minimum amount of $250 as long as the amount they request plus their current outstanding TDA loan balance totals at least $1,000.

Yes. For all TDA loans and for QPP loans issued to Tier III, IV, and VI members, full insurance coverage begins 30 days after a loan is issued; insurance premiums are included in regular loan payment amounts. 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. Insurance on a loan would be terminated if you default on your loan.

In general, the minimum QPP loan available is $250; however, for Tier III, IV, and VI members who do not have an outstanding QPP loan, the minimum QPP loan available is $1,000. The minimum TDA loan available is $1,000 for all members, except for those with an outstanding TDA loan balance; those members may request a minimum amount of $250 as long as the amount they request plus their current outstanding TDA loan balance totals at least $1,000.

A-S-F stands for your Annuity Savings Fund. This account contains a Tier I or II member's Qualified Pension Plan (QPP) contributions, and reflects investment results and/or interest and any withdrawals.

QPP retirement allowance and TDA annuity payments generally are federally taxable and may be subject to state and local taxes; please check with your tax advisor.

When you are logged in to your online claim, you will see what options are available to you. Types of distribution options are described below.

• Direct Payment: Some lump-sum payments must be received in a direct payment (e.g., a “fractional” payment, a Required Minimum Distribution, funds from the member’s Group Term Life Insurance). Other payments have distribution options noted below.
• Direct Rollover: Some lump-sum payments can be rolled over (e.g., QPP Death Benefit #2). Spouse beneficiaries can roll over all or part of their benefit to an eligible Individual Retirement Arrangement (IRA) or other eligible successor program; eligible successor programs are indicated in the online death benefit claim feature. Non-spouse beneficiaries may roll over all or part of their benefit only to an Inherited IRA or an Inherited Roth IRA.
• Annuitization: In certain circumstances, a beneficiary may annuitize their lump-sum benefit, as explained in the below FAQs.

If you are a Tier I or II member, you may be eligible to receive up to two QPP loans within a 12-month period. If you are a Tier III, IV, or VI member, you may be eligible to receive one QPP loan within a 12-month period. Eligible TDA participants may receive one TDA loan within a 12-month period.

If you are otherwise eligible for a loan, you may apply for a new QPP loan while you have an outstanding QPP loan balance. Internal Revenue Service (IRS) regulations require that any new loan requested be treated as a separate loan balance. Each loan balance is subject to the interest, insurance charges, and repayment terms in effect when the loan is issued.

If you are a Tier I or II member, your Minimum Accumulation is the amount you must have in your QPP account to be eligible to receive a full retirement benefit (if you are not subject to an age reduction). This amount is based on factors such as your prior service, your membership date, and actual salary history from your membership date to your 20-year date. The calculation of your minimum accumulation includes the amount of your required QPP contributions that was expected up to your 20-year date.

If you are a Tier I or II member, you may be eligible to receive up to two QPP loans within a 12-month period. If you are a Tier III, IV, or VI member, you may be eligible to receive one QPP loan within a 12-month period. Eligible TDA participants may receive one TDA loan within a 12-month period.