An Important Message From TRS
As you may know, a retroactive payment under the Council of School Supervisors and Administrators (CSA) contract is scheduled for February 2018.
Members receiving such “lump sum” payments often choose to increase their contributions to TRS’ Tax-Deferred Annuity (TDA) Program in advance. The retroactive payment provides a rare opportunity to make a larger one-time deposit into their TDA account.
However, this opportunity also requires advance planning! Changes to your TDA contribution rate normally take effect approximately 30-45 days after you elect the change on our website. That means a rate change made in early January will be in effect when the payment is made in February.
TRS will contact you again in a few weeks with specific instructions about how you can coordinate a TDA rate increase with the retroactive payment. For more information about changing your TDA rate, or about the TDA Program in general, please see the latest issue of the TRS newsletter, In-Service News.