If you are a substitute teacher and do not meet this criteria, no contributions for your retirement pension benefit will be collected. 2.2 Ineligibility Indiana Administrative Code 35 IAC 14-4-3 provides that teacher aides and higher education graduate assistants are not eligible for membership in TRF Hybrid. A list of school positions that are not considered to be “teacher” positions is provided in 35 IAC 14-1-28. This is not an all-inclusive list, but it includes certain dormitory staff, licensed management personnel, occupational and physical therapists, and counselors. Employees of private companies are not eligible for membership. Lastly, school resources officers (SROs) are not eligible for membership in TRF Hybrid. SROs should see the 1977 Police Officers’ and Firefighters’ Retirement Fund and PERF Hybrid member handbooks for more information. 2.3 TRF Hybrid Plan or TRF My Choice: Retirement Savings Plan As a new employee, you have sixty (60) days from your date of hire to choose between becoming a member of TRF Hybrid Plan or the TRF My Choice: Retirement Savings Plan. If you do not choose within 60 days, you will be defaulted to TRF Hybrid plan. If your employer does not participate in the TRF My Choice Plan, you will be enrolled into the TRF Hybrid Plan. NOTE: Your election, or default, is irrevocable. 2.4 Enrollment Your employer enrolls you in TRF Hybrid. Once INPRS receives contributions, you will receive a welcome packet with your membership information. The packet has instructions for you to register for an online account. A PIN will be mailed to you. After you have registered, you can designate beneficiaries, update your address, and make investment elections for your DC contributions. 2.5 Suspension of Membership Except as otherwise provided for in this Plan, an individual’s TRF Hybrid membership shall be suspended as follows: • Members who are not eligible for retirement or disability benefits at termination of employment. • After 5 continuous years in which the member performs no service, membership in the TRF Hybrid Fund is automatically suspended unless the member is vested. • The Board may suspend membership in the TRF Hybrid Fund if the member has not performed service in an eligible position covered by TRF Hybrid during the past 2 years, the member is not vested, and the member’s DC account balance is $1,000 or less. For more information, see the Investment Options and Withdrawals, Distributions, and Loans chapters in this handbook. 2.6 Designation of a Beneficiary Beneficiary refers to one or more persons, the member’s estate or trust designated to receive all or part of your DC account upon your death. A survivor refers to the person who receives a survivor retirement (pension) benefit upon your death. After you have been enrolled by your employer, received your welcome packet, and registered for your online account, you can log into your online account and designate a beneficiary. You may name either single or multiple beneficiaries to receive your DC and/or RSA funds. You must allocate benefit shares in Teachers' Retirement Fund Hybrid Plan Member Page 9 of 47 Handbook Effective: 07/01/2024

Teachers' Retirement Fund Hybrid Plan Member Handbook - Page 9 Teachers' Retirement Fund Hybrid Plan Member Handbook Page 8 Page 10