Can you withdraw money from TCDRS?
To withdraw your money, sign into your TCDRS account online and complete the withdrawal process. We will send you a check made out to you for the total amount of your account balance, minus the tax withholding, two to four weeks after we receive your application.
How does Tcdrs retirement work?
With 4+ years of TCDRS service time, your beneficiary can receive a lifetime monthly payment from your account if you pass away before you retire — even if you're no longer at your county or district job. The monthly payment is made up of your deposits and interest, as well as employer matching.
What is TCDRS on my paycheck?
The money you deposited into your TCDRS account while you were working came out of your paycheck before taxes. In other words, that money was tax-deferred.
Is TCDRS a good retirement?
For more than 50 years, TCDRS has been a model for providing reliable retirement benefits. Benefits are responsibly funded, which means costs are not pushed to future generations. As of Dec. 31, 2020, we had $37 billion in net plan assets, and a funded ratio of 87.2%, not counting our general reserve funds.