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.

When an in-service Tier I member dies before becoming eligible for retirement under the Qualified Pension Plan (QPP), the death benefit would equal the member's Annuity Savings Fund (ASF) balance, Increased-Take-Home-Pay (ITHP) balance, and an amount based on his/her salary and years of Total Service Credit.

The following table shows how the member's Total Service Credit affects the death benefit payable.

Note: The member's salary is the average annual salary in the year immediately before the date of death. It is generally not affected by any approved leaves of absence with or without pay.

If the member was eligible for a service retirement at the time of death, or died within the first 30 days after retiring, the death benefit would be the greater of the amount indicated in the first paragraph above or a benefit based on the reserves that would have been payable under Option I Modified had the member retired on the day before he or she died. (Option I Modified is a retirement payment option that provides a lump-sum benefit to the designated beneficiary based on the member's available pension reserves.)

The code "TRS 414H STD" represents pre-tax QPP deductions.

The code "TRS 55 PRGM" represents pre-tax QPP deductions made under the Age 55 Retirement Program. (Only certain members in Tier II, III, and IV belong to this program.)

The code "TR PN LNS" represents QPP loan payments.

The code "TRS TDA" represents TDA contributions (including your contribution limit and any applicable "catch-up" contributions).

The code "TRS TDA LOAN" represents TDA loan payments.

The code "TRS BUYBACK" represents purchase of credit for prior or Amann service.

The code "TR PN ARR AT" represents mandatory payments for membership service deficits incurred for service performed before July 1989; these funds are not federally taxable upon distribution. (Tier III and IV members)

The code "TRS 414H ARR" represents mandatory payments for membership service deficits incurred for service performed after July 1989; these funds are federally taxable upon distribution. (Tier III, IV, and VI members)

In-service Tier I and II members under the QPP, all in-service TDA participants, and members with TDA Deferral status may file a new investment election change form or online equivalent; in this case, any 6-, 9-, or 12-month conversions in progress but not yet completed would stop as of the date the new election takes effect. However, any 1- and 3-month conversions in progress cannot be stopped because they would be completed by the next effective date.

For Tier I and II retirees under the QPP and all TDA Annuitants, in-progress conversions cannot be canceled before they are completed. However, they may submit a new investment election change form to make investment elections for any portion of their QPP or TDA funds that have not been affected by any in-progress investment election changes.

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.

TRS issues a separate 1099-R form for each of the following types of distributions:

• Taxable excess withdrawals, including those taken at retirement;
• Defaulted loans and taxable loans taken at retirement;
• Advance payments from the Qualified Pension Plan (QPP);
• Retirement allowance payments from the QPP;
• Annuity payments from the Tax-Deferred Annuity (TDA) Program;
• TDA and QPP Direct Withdrawals and Direct Rollovers;
• TDA Required Minimum Distributions (RMDs);
• Death benefit payments;
• Lump-sum disability payments;
• Withdrawals of funds upon separation from service; and
• Refunds of erroneous contributions.

Generally, TRS issues a separate 1099-INT form for any interest payments associated with a distribution listed above. However, the full amount of any Direct Rollover is reported on a 1099-R form, including any portion of the Direct Rollover that is attributable to interest.

Generally, TRS issues a separate 1099-INT form for any interest payments associated with a distribution listed above. However, the full amount of any Direct Rollover is reported on a 1099-R form, including any portion of the Direct Rollover that is attributable to interest.

In-service Tier I and II members under the QPP, all in-service TDA participants, and members with TDA Deferral status may file a new investment election change form or online equivalent; in this case, any 6-, 9-, or 12-month conversions in progress but not yet completed would stop as of the date the new election takes effect. However, any 1- and 3-month conversions in progress cannot be stopped because they would be completed by the next effective date.

For Tier I and II retirees under the QPP and all TDA Annuitants, in-progress conversions cannot be canceled before they are completed. However, they may submit a new investment election change form to make investment elections for any portion of their QPP or TDA funds that have not been affected by any in-progress investment election changes.