The Teachers’ Retirement System has moved up the timeline for when required minimum distributions from tax-deferred annuities will be paid.
If you are a retiree turning 73 in 2026 and have a TDA account, you will have to begin making annual withdrawals from your TDA (called a required minimum distribution or RMD).
Previously, if you did not choose a date for your payment, the default payment would be issued in December. Because of how close to the end of the calendar year this was, these payments could sometimes cause tax issues for members depending on when banks posted payments. To prevent these issues, TRS has moved up the timeline, and the default payments will be issued on Oct. 31 if you do not complete the RMD form by Sept. 30. If you wish to continue getting your RMD payments in December, that option is available on the form.
Read more about “What to know about RMDs” at uft.org/news-rmds.