DC and/or RSA Options DC and/or RSA Retirement Details outlined in the MetLife Annuity section of this table. Whatever you elect, it must equal 100% of your DC and RSA funds balance. Direct Rollover Rollover any portion of your DC and RSA funds up to 100% into a Qualified Retirement Plan. This option is available when you are If you elect to do only a partial rollover of your DC and RSA funds to a completing your online application. Qualified Retirement Plan, you must choose to do one or a combination of the three options outlined in the MetLife Annuity section. Whatever you elect, it must equal 100 percent of your DC and RSA funds balance. You must verify that your Qualified Retirement Plan or IRA will accept the rollover, especially if it is rolling over tax basis funds. Direct rollover payments are issued as a paper check made payable to the receiving financial institution for your benefit. The check is mailed to you, and you will need to deposit the check to the rollover institution within 60 days after the check date. Split DC & RSA Split your DC and RSA funds between a direct rollover, lump sum payment, or deferment. You must complete your IRA or Qualified Retirement Plan information if you choose to roll over all or a portion of your DC and/or RSA funds, as applicable. You may elect to use this percentage of your DC and/or RSA funds, as applicable, to purchase a MetLife Annuity or any Qualified Retirement Plan: • Straight Life Annuity with Cash Refund • 100% Survivor Annuity with Cash Refund • 66⅔% Survivor Annuity with Cash Refund • 50% Survivor Annuity with Cash Refund For 100%, 66⅔%or 50% annuity survivor benefit, designate only one survivor. Systematic Withdrawal A systematic withdrawal, or installment, is a payment schedule from your INPRS DC account on a monthly, quarterly, semi-annual, or annual basis. This option is available when you are The remaining balance of your DC account will continue to be invested in completing your online application. the market based on your elections while you are receiving systematic withdrawals. If you elect systematic withdrawals, it is not guaranteed lifetime income. INPRS will distribute the systematic withdrawal you have selected so long as you have enough in your account to make the distribution. Your balance will continue to be invested based on your elections so there is no guarantee that your balance will earn enough to keep up with your withdrawals. You may cancel your systematic withdrawal at any time. The remaining DC balance is yours to do with as you choose. Deferment Defer distribution of any portion of your DC and RSA funds up to 100%. This option is available when you are See the Required Minimum Distribution section of this handbook for completing your online application. details about DC and RSA funds distributions at age 70½, 72, and 73 for deferred funds. Your decision on how to receive distributions from your DC and RSA If you elect to defer only a portion of your DC and RSA funds you must funds can have significant tax choose to do one or a combination of the remaining three options outlined implications. You are urged to consult in the MetLife Annuity section. Whatever you elect, it must equal 100% with a tax advisor. of your DC and RSA funds balance. Teachers' Retirement Fund Hybrid Plan Member Page 37 of 47 Handbook Effective: 07/01/2024