Being in the retirement system gives you the security of knowing that if you complete the minimum requirements you will receive a monthly pension allowance for the rest of your life after you retire. If you also enroll in the Tax-Deferred Annuity Program, you can put aside money from your salary and not pay taxes on that income until you draw on the funds; at retirement, these savings could fund a separate annuity. TRS members also can take loans from both the pension plan and the TDA program. If you become disabled before you are eligible for a regular service pension, you can receive a disability pension. Finally, if you die while you are still in service, your beneficiary can receive a death benefit.