T-D-A stands for the Tax-Deferred Annuity Program, which includes a traditional TDA and a Roth account option. This defined-contribution program, established under Section 403(b) of the Internal Revenue Code, provides TRS members with the opportunity to save additional funds for retirement. Participants in the traditional TDA option make contributions on a pre-tax basis, while participants in the Roth option make after-tax contributions. Generally, earnings grow tax-free in the accounts. Traditional TDA funds are taxable when received as income, while Roth funds are tax-free when received as a qualified withdrawal.

When you retire, you may no longer make TDA contributions. But your TDA account will automatically carry over into your retirement. You will have full access to the funds and can make a withdrawal or annuitize the account at any time.

You may have an open TDA loan when you retire. In this case, you’ll need to tell us on your retirement application how you want to make your loan payments after retirement – deductions from your monthly retirement allowance, or direct payments online at TRS’ website.

No. You can continue to maintain your TDA account past age 75. But you would need to begin receiving an RMD that is based on your entire TDA balance.

Similar rules restrict the maximum available loan amounts under the QPP and TDA loan programs. Please note that your maximum under one loan program would be reduced if you took a loan under the other loan program.

Yes, your TDA and Roth funds would receive investment return and/or interest based on your investment elections. You may change your investment elections at any time.

TRS would issue your distribution of TDA funds as follows:

• For partial withdrawals drawn only from your balance in the Fixed Return Fund: Generally within 15 days of TRS' receipt of your withdrawal request.
• For all other withdrawals: Generally within 45 days of TRS' receipt of your withdrawal request.

TRS would issue your distribution of TDA funds as follows:

• For partial withdrawals drawn only from your balance in the Fixed Return Fund: Generally within 15 days of TRS' receipt of your withdrawal request.
• For all other withdrawals: Generally within 45 days of TRS' receipt of your withdrawal request.

To apply for any withdrawal or rollover, members should log in to the secure section of the TRS website. For most withdrawals, you can use the Menu to navigate to the TDA or Roth section to start your application. For partial withdrawals, (i.e., withdrawals where you are not closing your account), please note that Rollovers (paid to a successor account) and Direct Payments (paid to you) must now be requested in separate transactions.

To apply for any withdrawal or rollover, members should log in to the secure section of the TRS website. For most withdrawals, you can use the Menu to navigate to the TDA or Roth section to start your application. For partial withdrawals, (i.e., withdrawals where you are not closing your account), please note that Rollovers (paid to a successor account) and Direct Payments (paid to you) must now be requested in separate transactions.

If you leave service after attaining vested rights under the QPP, you may withdraw your TDA Program funds or you may elect TDA Deferral status. If you leave service before attaining vested rights under the QPP, you may withdraw your TDA Program funds at any time. If you leave your funds with TRS, they would continue to accrue investment return for seven school years. However, if you withdraw your QPP funds, your TDA Program participation would automatically end, and TRS would distribute the value of your TDA or Roth account to you.