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Get Tx Tcdrs-85 2018-2025

Annuitant Beneficiary Designation (For Use After Retirement)TCDRS85 Revised 06/2018-Page 1 of 4PURPOSE This form should be completed by a retiree who retired under one of the: Singletree Benefit plans.

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Your withdrawal will be subject to a minimum 20% withholding for taxes, you may face a 10% withdrawal penalty at tax time and your withdrawal could significantly affect your income taxes. In addition, withdrawing your TCDRS account means you lose employer matching and forfeit your lifetime benefit from that account.

If you choose withdrawal, we will withhold 20% of the taxable amount of your account balance, as required by the IRS. You may owe additional taxes when you file your taxes next year. If you choose a direct rollover into an IRA or other qualified retirement plan, TCDRS will not withhold any amount for taxes.

What are My COLA Options? There are two types of COLAs available with TCDRS: Flat-rate and CPI-based. Flat-rate COLAs increase your retirees' benefit payments by a percentage of your choosing, up to an annual limit, which is 7% for 2023 COLAs. All retirees get the same percentage increase.

IRS Limits on Employee Deposits Because TCDRS is a qualified defined benefit plan, the IRS places a limit on the amount of compensation you use to calculate an employee's deposits into TCDRS. The limit for 2023 is $330,000.

A member may request a withdrawal packet by phone or via the internet. Completed forms will not be accepted before member's last day on the job. The earliest one can receive payment is the 20th day of the 4th month after the termination date as verified by their former employer(s).

TCDRS is a savings-based plan where the benefit is based on how much a member has saved over the course of their career and employer matching at retirement. Although created by the Texas Legislature, TCDRS does not receive funding from the State of Texas.

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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