7.2.3 Full Deferment You may choose to leave your DC and/or Rollover Pre-Tax Contribution funds invested with TRF My Choice. When you do this, you defer distribution of your DC and/or Rollover Pre-Tax Contribution balances. According to IRS regulations, RMD distributions must begin according to your age. See the Required Minimum Distribution Information section of this handbook for details. Until you elect to receive your DC and Rollover Pre-Tax Contribution funds, the funds will remain invested according to your directions and an account maintenance fee will be charged. If you do not want your funds in this account paid to your estate at your death, you must designate a beneficiary. 7.2.4 Partial Distribution, Withdrawal, Rollover, or Deferment In TRF My Choice, you are immediately vested in the member share paid by your employer. If you are separated from employment, you are eligible for partial distribution whether you are vested or not vested; however, if you are not vested, you are only eligible for the employer share (variable rate) as outlined in the vesting schedule in Chapter 3. If you are still employed, you may not be eligible for a partial distribution. As a member taking a distribution, you may elect a partial withdrawal. A partial withdrawal of funds is allowed at any time (as long as you are eligible). If you elect a partial withdrawal, you will withdraw from your DC and Rollover Pre-Tax Contribution account in the form of a direct rollover, a partial distribution, or a partial rollover to a Qualified Retirement Plan, and then leave the remainder of your DC and Rollover Pre-Tax Contribution funds invested with INPRS. When you do this, you defer distribution of your DC and Rollover Pre-Tax Contribution balances. According to IRS regulations, generally, you must take a distribution when you reach RMD age. Until you elect to receive your funds, you will remain invested according to your directions and an account maintenance fee will be charged. NOTE: Your decision on how to receive distributions from your DC and Rollover Pre-Tax contribution accounts can have significant tax implications, and you are urged to consult with a tax advisor. INPRS cannot offer investment or tax advice. 7.2.5 Split Defined Contribution and/or Rollover Pre-Tax Contribution Account Balance You may elect to split your DC and Rollover Pre-Tax Contribution account between these options:  MetLife Annuity, provided you meet the requirements outlined section 7.2.1. Visit the MetLife Retirement Income Center to create your annuity estimate.  Direct Rollover  Lump Sum  Defer You must complete your IRA or Qualified Retirement Plan information if you choose to roll over all or a portion of your DC and Rollover Pre-Tax Contribution accounts. 7.3 Direct Deposit Direct deposit is the required method to distribute benefit payments. You can complete and submit the Direct Deposit form from your online account. You can update your direct deposit information online at any time. 7.4 Re-Employment of Vested Members (Who Select Distribution) You can go back to work after you take distribution of your DC and/or Rollover Pre-Tax Contribution funds. If you re-employ with a new employer or the same employer, you will return to the TRF My Choice Plan. TRF My Choice: Retirement Savings Plan Member Page 22 of 30 Handbook Effective: 07/01/2024