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Curity Number Mailing Address Daytime Phone Number City State Zip Public Safety Employee Certification Yes No I certify that I was a Public Safety Employee when I separated from service from the employing city listed below. (Public Safety Employee is defined in the instructions attached to this form.) Refund Distribution I choose to have my refund distributed as follows: Direct Payment to Me I want t.

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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.

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.

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.

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.

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.

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.

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

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.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232