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The document is a Withdrawal Application for the Texas County & District Retirement System (TCDRS), outlining the process for members to withdraw or rollover their retirement funds after leaving employment. It details the necessary steps, tax implications, payment options (withdrawal or direct rollover), and required documentation, including a Special Tax Notice that explains how to defer federal income tax on retirement savings. The application must be completed and submitted with identification, and it provides information on expected payment timelines and additional tax considerations.

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Versions	Form popularity	Fillable & printable
2017	4.8 Satisfied (202 Votes)
2015	4 Satisfied (24 Votes)

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the absolute best retirement plan?

The 9 best retirement plans Defined contribution plans. IRA plans. Solo 401(k) plan. Traditional pensions. Guaranteed income annuities (GIAs) The Federal Thrift Savings Plan. Cash-balance plans. Cash-value life insurance plan.

How long does it take to get retirement money from TCDRS?

Q) When can I expect my withdrawal or rollover payment? A) You will receive your payment within 10 to 14 days of when we receive your application, in general. To process your application, we will need to verify your last date of employment with your employer and verify your identity.

Does TCDRS affect social security?

There are a lot of good reasons to leave your money in TCDRS. Your account continues to grow at 7% compound interest. Upon retirement eligibility, you will receive a lifetime monthly benefit. If youve completed four years of TCDRS service, you remain eligible for the Survivor Benefit.

Is TCDRS a good retirement plan?

Once you are vested with 8 years of service, you are eligible for a retirement benefit from TCDRS when you meet one of the following requirements: Age 60 with 8 years of service; or. Any age with 30 years of service; or. Your age plus your years of service equals 75 (also called the Rule of 75)

What kind of retirement plan is TCDRS?

TCDRS is a savings-based plan where the benefit is based on how much a member has saved over the course of their career and employer matching at retirement. Although created by the Texas Legislature, TCDRS does not receive funding from the State of Texas.