Get Tmrs Refund

If you are under age 59½, you will have to pay the 10% additional income tax on early distributions for any payment from TMRS (including amounts withheld for income tax) that you do not roll over, unless one of the exceptions listed below applies.

Will Social Security Affect My Benefit? No. Social Security payments do not reduce your TMRS monthly benefit.

The key difference between a partial sale and a lump-sum sale is the ability to specify the exact dollar amount you want to receive from your annuity.

Since 1948, over 900 cities across Texas have joined TMRS to provide retirement benefits to hundreds of thousands of employees like you. Your city has partnered with TMRS to provide you with a secure retirement. As a Member, you can receive a monthly retirement benefit for life.

When you stop working for a TMRS participating city, you can either: leave your account balance with TMRS to continue to earn interest, or. withdraw (refund) your personal contributions and the interest credited to your account.

You can do either a direct rollover or a 60-day rollover. If you do a direct rollover, TMRS will make the payment directly to your IRA or an employer plan. You should contact the IRA sponsor or the administrator of the employer plan for information on how to do a direct rollover.

The Partial Lump Sum Distribution is subject to income tax and possibly an additional 10% tax penalty at the time of payment (some exceptions may apply). You can roll over the partial lump sum payment into an IRA or other qualified plan to continue to defer any income tax payments.

Refund Process TMRS cannot issue a refund until we receive your final TMRS city contribution, which can take up to eight weeks. If you return to work for a TMRS participating city before your refund is issued, your refund application will be cancelled.