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.

Loans are normally repaid through payroll deductions, although several exceptions apply. Alternatively, members can make loan payments or pay off a loan in the secure section of our website. You may also request to repay your outstanding loan in a lump sum by filing a QPP Loan Repayment Request Form (code LO11q) and/or TDA Loan Repayment Request Form (code LO11t) with TRS. If you are a member with TDA Deferral status, you must make direct monthly TDA loan payments to TRS.

You may transfer the amount of your outstanding QPP loan if you are transferring your membership to one of the following retirement systems: the New York City Board of Education Retirement System; the New York City Employees' Retirement System; the New York State Teachers' Retirement System; or the New York State and Local Employees' Retirement System. In addition, if you are transferring your membership to the Board of Education Retirement System, you may transfer your outstanding TDA loan balance. The other retirement systems previously mentioned currently do not maintain a TDA loan program; therefore, your TDA loan balance cannot be transferred.

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.

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.

You may transfer the amount of your outstanding QPP loan if you are transferring your membership to one of the following retirement systems: the New York City Board of Education Retirement System; the New York City Employees' Retirement System; the New York State Teachers' Retirement System; or the New York State and Local Employees' Retirement System. In addition, if you are transferring your membership to the Board of Education Retirement System, you may transfer your outstanding TDA loan balance. The other retirement systems previously mentioned currently do not maintain a TDA loan program; therefore, your TDA loan balance cannot be transferred.

No, based on an Internal Revenue Service change effective after 2019. However, you would not be eligible for a hardship withdrawal unless you have maximized any reasonably available funds or distributions from non-TRS sources before you apply for a hardship withdrawal. Note that hardship withdrawal applications based on domestic abuse are exempt from this requirement.

Required documents can be uploaded online after you submit your application. Alternatively, you can mail the documents to TRS. Details for each option are included in the online application. TRS must receive the required documents within 10 days from the date of your submission; if the required documents are not received within 10 days, your hardship application will be canceled and you must file a new application.

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.