The number of units paid to you monthly is indicated on your Electronic Fund Transfer (EFT) Quarterly Statements. If you receive your payments by check, this information is included on your retirement allowance and/or TDA annuity check stubs.

if you are maintaining your TDA account after retirement through TDA Deferral status, your TDA Quarterly Statement shows how many units you have in each variable-return Passport Fund. This information is also available on your monthly online statements.

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.

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.

No. Payments from an IRA do not meet distribution requirements for a Section 403(b) plan like TRS’ TDA Program. Only a payment from your TDA Program account or another Section 403(b) plan can meet these distribution requirements.

Yes. In general, twice a year, you will receive a Benefits Report newsletter prepared especially for TRS retirees. If you are a retiree with TDA Deferral status, you can view a quarterly statement of your TDA account balances by logging in to the secure section of our website. In addition, you may always obtain TRS publications such as the annual Investment Portfolios booklet by accessing the Publications section.

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 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.

For all withdrawals, except hardship withdrawals based on domestic abuse, you can request any amount up to your TDA balance, minus any taxes applied to your withdrawal; the total amount available for withdrawal is noted on the first screen in the application.

For hardship withdrawals based on domestic abuse, the Internal Revenue Service has established a lifetime limit that applies across TRS’ TDA and Roth accounts. The current limit is $10,000.

TRS would issue your distribution of TDA Program funds as follows:

• For partial withdrawals up to 95% of your TDA or Roth balance and 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.

You must begin receiving an RMD if you have retired and are maintaining a TDA account and have reached a certain “beginning age” defined by the IRS (currently 73).