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Can I borrow money from my account with KPPA? No. There are no provisions in State statutes or regulations that allow KPPA to administer loans from member accounts.
As a TRS member, if you terminate all employment with your TRS-covered employer(s) and have not applied for or received a promise of employment with a TRS-covered employer, you may terminate membership in TRS and withdraw all of the accumulated contributions in your member account.
2023: A one-time $7,500 stipend to eligible annuitants who are 75 years of age and older. A one-time $2,400 stipend to eligible annuitants age 70 to 74. Annuitants must be eligible to receive a TRS annuity in August 2023 and meet the qualifying age on or before Aug.
The service retirement annuity is a guaranteed lifetime benefit. Kentucky law guarantees retired teachers access to group coverage, but the details of that coverage including costs, subsidy and level of coverage can change.
If you permanently terminate your employment prior to becoming eligible for retirement, you may either leave your funds on deposit with TRS or withdraw your accumulated balance. Withdrawal of funds cancels TRS membership and voids any future benefit eligibility.
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If vested with at least five years of service, anyone 70 is required to withdraw contributions by filing a retirement application to start receiving a retirement allowance. Someone that age who doesnt have five years of service must file an application for a refund of his or her account.
required to fill out a KY 740 -Schedule P, most retired teachers still do not owe any Kentucky state taxes. Add all your 1099R, STATE taxable amounts. Enter the total on Part II of Schedule P. IF THE TOTAL IS UNDER $41,110 YOU DO NOT OWE ANY KENTUCKY STATE INCOME TAX ON PENSIONS.
Youll no longer be a CalSTRS member. Youll cancel your eligibility for your CalSTRS retirement benefit, as well as survivor and disability benefits, unless you return to CalSTRS-covered employment. Any option beneficiary or one-time death benefit designation will be canceled.

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