Get Application By Spouse For Refund Of Deceased Member's ... - Trsl

Can I borrow money from my TRS in Texas? Unfortunately, it's not possible to borrow money from the Teacher Retirement System of Texas. Your only option is to terminate your TRS membership and request a refund or roll over your contributions to a different retirement plan.

If you roll over a payment from TRS to a Roth IRA, a special rule applies under which the amount of the payment rolled over (reduced by any after-tax amounts) will be taxed.

If you have permanently terminated employment with your TRS-covered employer(s) and have neither applied for nor received a promise of employment with a TRS-covered employer, you are eligible to request and receive a refund of your accumulated contributions.

Benefit TypeEstimated Processing Time FramesRetirement BenefitsWithin 45​ days after all required forms, documents, and payments (if applicable) have been received.RefundsWithin 31 days after all required forms, documents, contributions are received, and final deposit is posted to the member's account.6 more rows

Benefit TypeEstimated Processing Time FramesRefundsWithin 31 days after all required forms, documents, contributions are received, and final deposit is posted to the member's account.Service Credit PurchaseWithin 45 days of receipt of request.Direct Deposit UpdatesWithin 31 days of receipt of request.5 more rows

If you have terminated all employment with your TRS-covered employer(s) and have neither applied for or received a promise of employment with another TRS-covered employer, you are eligible to request and receive a refund of your accumulated contributions.

You are eligible for one-half of your spouse's social security if he/she is living, and 100% of the social security benefit if he/she has passed; however, if you are drawing TRS, Social Security will subtract two-thirds of your TRS from the spousal benefit.

If you are receiving Social Security now, your Social Security benefit may be reduced or eliminated when you begin receiving your CalSTRS benefit.