Withdrawals, Distributions, and Loans 6.3 Requesting a Distribution If you meet the requirements for taking a distribution of your DC and/or RSA, you can submit your request by logging into your online account. From the account home page, click the "Account" menu option at the top of the page. From the drop-down that appears, choose "Withdrawal," and then click "Request a Withdrawal." Distribution of Your DC Account The distribution of your DC will consist of:  The 3% mandatory contributions  Any voluntary contributions (if applicable)  All gains or losses posted to the account  Any payments made to purchase service credit unless you are vested and therefore eligible to receive a future pension benefit. Voluntary Member Contributions The following sections explain possible distribution options for voluntary member contributions. Voluntary Pre-Tax Contributions As of July 1, 2018, if you are enrolled in the Voluntary Pre-Tax Contributions account, you are eligible to take disbursement of your pre-tax contributions once you have separated from employment from your TRF/PERF Hybrid-covered position. As of January 1, 2018, the Voluntary Pre-Tax Contribution election is no longer available. If you elected this option prior to January 1, 2018, you will continue to make pre-tax contributions until you retire or separate from employment. This election is irrevocable. Because these funds have not been taxed, they will be taxed along with any earnings or interest accrued at the time of distribution. Voluntary Post-Tax Contributions Because these funds have already been taxed, they will not be taxed again; however, it is important to know that any earnings or interest accrued on these funds is still taxable at the time of distribution. If you are not vested at the time of distribution, the non-taxable contributions will be paid directly to you in a lump sum, or you can elect to roll over the non-taxable amount in some cases. Voluntary Withdrawal of Rollover Funds Other than at Retirement A voluntary withdrawal of the RSA means you must withdraw the account balance in full. You may make a lump sum withdrawal of your RSA balance at any time prior to retirement by contacting INPRS. 6.4 Distribution Payment Options When you apply for DC and/or RSA distributions, you must choose how to receive the payments. Direct Rollover All direct rollover payments are issued on paper checks made payable to the rollover entity on your behalf. However, the check is mailed to the member to send to the rollover entity within 60 days after the check date. Teachers' Retirement Fund Hybrid Plan Member Page 27 of 47 Handbook Effective: 07/01/2024