5.2 Investment Considerations ............................................................................................... 15 5.3 Investment Options ......................................................................................................... 15 5.4 Making Changes ............................................................................................................. 16 5.5 Suspension of Membership .............................................................................................. 16 5.5.1 Rollover Pre-Tax Contribution Account for Inactive Member .......................................... 17 6 Withdrawals, Distributions, and Loans .............................................. 18 6.1 Withdrawals & Distributions ............................................................................................. 18 6.1.1 Separated from Employment (Not Fully Vested) ........................................................... 18 6.1.2 Not separated from Employment (Not Fully Vested) ..................................................... 18 6.1.3 Not Separated from Employment (Fully Vested) ........................................................... 18 6.1.4 Separated from Employment (Fully Vested) ................................................................. 19 6.2 Payment Options ............................................................................................................ 19 6.2.1 Direct Rollover ........................................................................................................ 19 6.2.2 Paid Directly to You................................................................................................. 19 6.2.3 Partial Distribution ................................................................................................... 20 6.3 Voluntary Withdrawal of Rollover Pre-Tax Funds ................................................................. 20 6.4 Disability Distribution ...................................................................................................... 20 7 Retirement Distribution ................................................................... 21 7.1 Distribution Effective Date ............................................................................................... 21 7.2 Payment Options ............................................................................................................ 21 7.2.1 Annuitize the DC Balance ......................................................................................... 21 7.2.2 Full Withdrawal ....................................................................................................... 21 7.2.3 Full Deferment ........................................................................................................ 22 7.2.4 Partial Distribution, Withdrawal, Rollover, or Deferment ................................................ 22 7.2.5 Split Defined Contribution and/or Rollover Pre-Tax Contribution Account Balance ............. 22 7.3 Direct Deposit ................................................................................................................ 22 7.4 Re-Employment of Vested Members (Who Select Distribution) .............................................. 22 8 Death Benefits ............................................................................... 24 8.1 Death Benefit ................................................................................................................. 24 9 Income Tax Considerations .............................................................. 25 9.1 Taxation ........................................................................................................................ 25 10 Additional Plan Information .............................................................. 26 10.1 Cost of Living Adjustments .............................................................................................. 26 10.2 13th Check Annual Supplemental Payment ........................................................................ 26 10.3 Required Minimum Distribution (RMD) Information ............................................................... 26 10.3.1 Death Benefit Required Minimum Distribution ............................................................ 27 10.4 Garnishments ................................................................................................................. 27 10.4.1 Qualified Domestic Relations Orders ......................................................................... 27 10.5 Administrative Review ..................................................................................................... 27 10.5.1 Initial Determination ............................................................................................... 27 10.5.2 Administrative Law Judge ....................................................................................... 28 10.5.3 Judicial Review ..................................................................................................... 28 10.6 Power of Attorney .......................................................................................................... 28 10.7 Guardian ....................................................................................................................... 29 10.8 Access to Records .......................................................................................................... 29 TRF My Choice: Retirement Savings Plan Member Page 3 of 30 Handbook Effective: 07/01/2024