Benefits Change Connection

Retirees
IU Tax Deferred Annuity (TDA) Plan

A participant remains 100 percent vested in his or her TDA Plan account after termination of employment and is not required to cash-out or transfer the account.

Upon termination of employment, a participant may:

• leave the accumulations in the account and continue to manage the investments;
• withdraw all or a portion of accumulations (subject to income taxes and/or penalty taxes); or
• roll over all or a portion of the accumulations to an eligible retirement plan, e.g., an individual retirement account (IRA ).

Upon termination of employment, a participant must:

1. Handle all transactions, including withdrawals and rollovers, directly with the investment company.
2. Continue to direct the investment of the TDA Plan account.
3. Notify the investment company of any name/address change.
4. Notify the investment company of any beneficiary change.
5. Begin to receive minimum required distributions on or before the required beginning date.

 

Forms and Publications

Tax Deferred Annuity Plan Booklet

Participant Rights and Reponsibilities Upon Transfer or Termination