2 Membership School corporation employers are required to offer the TRF My Choice Retirement Savings Plan effective July 1, 2019. This plan option is offered only to employees of a school corporation who would otherwise be eligible for membership in the TRF Hybrid Fund with no previous election. The plan is an alternative to the traditional TRF Hybrid Plan consisting of the retirement benefit (DB) and a DC account. 2.1 Eligibility You become eligible for TRF My Choice membership when you begin full-time employment on or after July 1, 2019, in a TRF My Choice covered position. You have 60 days from your date of hire to choose between two plan options:  The traditional TRF Hybrid Plan includes a DB plus DC, or  The TRF My Choice: Retirement Savings Plan. If you do not choose within 60 days or if you terminate employment within the 60 days, you will be defaulted to the TRF Hybrid Plan. NOTE: Your informed election or default (TRF Hybrid), is irrevocable. If you were in TRF Hybrid prior to July 1, 2019, you will remain in TRF Hybrid. If you are returning to a position covered by TRF My Choice in which you originally enrolled, you will stay in TRF My Choice. This is true even if you defaulted into the TRF Hybrid. You are not able to switch plans. To help you decide what plan might be best for you, review the information available on the INPRS website, such as the TRF Hybrid Plan vs My Choice: Retirement Savings Plan Side by Side Comparison Chart. 2.2 Ineligibility You are ineligible if you are already enrolled in TRF Hybrid. 2.3 Enrollment Your employer enrolls you in TRF My Choice. Once INPRS receives contributions, you will receive a welcome packet to detail your membership information. The packet will include instructions on how to website. access your online account. A PIN will be mailed to you to register on the myINPRSretirement.org You will also need to keep your PIN for ongoing access to the automated phone system. After you register, you can name beneficiaries, update your address, and make investment elections for your DC contributions. 2.4 Designating 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. 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 designate either single or multiple beneficiaries to receive your DC and Rollover Pre-Tax Contribution account, as applicable, if death occurs before distribution. You must allocate benefit shares in whole percentage increments if you designate more than one beneficiary. In lieu of a named individual(s), you may also designate a trust or legal entity as your beneficiary. TRF My Choice: Retirement Savings Plan Member Page 7 of 30 Handbook Effective: 07/01/2024