7/1/2022 MY CHOICE TRF AT A GLANCE Retirement Savings Plan Account Daily valuation allows members to manage their De昀椀ned Contribution Account investments on a Information daily basis. Members who are actively employed in a < Members working in positions NOT covered position may not withdraw the covered by the TRF My Choice Plan who account balance. are at least age 59.5 may also take a DC withdrawal while still working. Members can withdraw their rollover account balance at any time. Available only when disabled or separated Withdrawals from service Members who have demonstrated disability < May leave account invested in TRF, or can withdraw the vested amount of their Before receive a distribution account balance. Retirement < Rollover to quali昀椀ed plan or other eligible retirement account Members who are not separated from service < No loans < TRF My Choice members working in My Choice plan covered positions who are at least age 62 with at least 5 years of service may take a DC withdrawal while still working. Choices determine payments < May defer payment until April following age 72, if you are not actively employed Income and Members who meet the age and minimum in a covered position. balance requirements must make their < May choose lump sum, partial Options at distribution elections on the retirement withdrawal or rollover distribution Retirement application. < Members who have reached age 62 may choose monthly payment for annuity < Amount of distribution determined by account balance, taxes withheld, and distribution option chosen Payment Balance payment < After death of a member, designated < Receives total accumulated amount Bene昀椀ciaries/ bene昀椀ciary(ies), or the estate if there are after death of member. Spousal survivors no designated bene昀椀ciaries, receives the vested portion of the member’s account balance. FOR YOUR BENEFIT This handout is an overview of the TRF My Choice: Retirement Savings Plan provisions. Complete details of the plan’s provisions are available in the current member handbook. You may read it or print your own copy from the INPRS website at www.inprs. in.gov. You may also request a copy in writing or by calling our toll-free number, (844) GO-INPRS. Keep your information current. Report any changes in your name, address or bene昀椀ciary choices directly to INPRS. This is NOT something your employer can do for you. To change your bene昀椀ciary, name or address information, log on to your online member account by visiting myINPRSretirement.org. Every attempt has been made to verify that the information in this publication is correct and up-to-date. Published content does not constitute legal advice. If a con昀氀ict arises between information contained in this publication and the law, the applicable law shall apply. One North Capitol, Suite 001 < Indianapolis, IN 46204 < toll-free: (844) GO-INPRS < www.inprs.in.gov