TX TRS 228A 2020 free printable template

Federal Income Tax Withholding Certificate TRS228A 09-16 1000 Red River Street Austin TX 78701-2698 512 542-6400 800 223-8778 www.trs.texas.gov I have reviewed the information below and hereby submit this statement of preference regarding how my benefit is to be treated for purposes of federal income tax withholding. I understand that this withholding preference will apply to the taxable portion of all money I receive on a monthly basis from TRS* TRS Participant ID or Social Security...

How to fill out TX TRS 228A

How to fill out TX TRS 228A

1. Download the TX TRS 228A form from the Texas Retirement System website.
2. Read the instructions provided with the form to understand the requirements.
3. Provide your personal information including your name, address, and Social Security number in the designated sections.
4. Fill out the employment history section with details about your previous employment, including dates and job titles.
5. Indicate your eligibility by checking the appropriate boxes regarding membership and service credit.
6. Sign and date the form to certify that the information provided is accurate.
7. Submit the completed form to the appropriate TRS office as listed in the instructions.

Who needs TX TRS 228A?

1. Individuals who are returning to work in a TRS-covered position after retirement.
2. Retired teachers or administrators looking to establish service credit in the Texas Retirement System.

Instructions and Help about TX TRS 228A

Hi I'm Adam Yarbrough Are you an active member thinking about retirement If so this video is for you, We are here to provide a general timeline of the retirement process and share the steps you need to take to ensure the process is as easy as possible Remember the countdown to retirement can start as much as a year prior to your actual planned retirement date, so you will first need to choose your retirement date This video breaks down planning for retirement into three major steps Lets get started Step One ten to twelve months prior to retirement If you are truly considering retirement log in to your Myths account to explore options with the retirement calculator After using the Myths retirement calculator if you're confident that retirement is in sight feel free to request a formal estimate To get an estimate complete and submit Form TRS 18 Request for Estimate of Retirement Benefits up to 12 months before your retirement date This form can be found on the Forms page of the TRS website at wwwtrstexasgov We will mail a retirement packet to your address of record within 60 days of receiving your Form TRS 18 During this time frame you may also want to Watch our Member Education and Financial Awareness videos Review your retirement options Attend a benefits presentation Purchase service credit or transfer credit and Schedule an appointment with a Benefits Counselor Step Two six months prior to retirement date Once you receive your retirement packet carefully review its contents The packet contains your retirement estimate and information on a number of forms and documents that need to be submitted to TRS There will be important deadlines listed in the packet The first and most important form in your packet is Form TRS 30 Application for Service Retirement You will use this form to Indicate your preferred retirement date Select your choice of retirement payment plan and Designate your beneficiary or beneficiaries TRS must verify your age at retirement In your packet you will have a TRS 13 Acceptable Proof of Age Documents which contains a list of documents that are accepted for proof of age It is very important that you write your participant ID or social security number on all proof of age documents that you submit Your retirement benefit is subject to federal income tax If you would like to specify income tax withholding for your annuity payment please submit Form TRS 228A Federal Income Tax Withholding Certificate Direct Deposit is the fastest way to receive your annuity payment every month We highly recommend that you consider this as an option for receiving your payment To do this complete and submit Form TRS 278 Direct Deposit Request Step three thirty to sixty days prior to retirement Don't forget to let your employer know that you are planning to retire and formally resign your position by your retirement date with TRS The Notice of Final Deposit before Retirement and School Official Certification of Salaries contains important information...

People Also Ask about

Are Texas teachers automatically enrolled in TRS?

All eligible employees of The University of Texas System are automatically enrolled in TRS on their first day of employment.

Do Texas teachers have to pay into TRS?

All employees of the Texas public education system whose employment qualifies as covered employment must participate in TRS unless an exception to TRS membership applies.

What does Tier 2 mean in TRS Texas?

TIER 2. If you did not meet the 2005 eligibility requirements to be grandfathered but your current TRS mem- bership began prior to Sept. 1, 2007, and you had at least five years of service credit in TRS as of Aug. 31, 2014, and you maintain your membership until retirement, your membership falls under Tier 2.

Can I take money out of my Texas TRS account?

Once you have terminated all employment, you may then withdraw your accumulated contributions and interest in your member account. Once you have terminated your employment if you want a refund of your TRS contributions you must complete a form TRS 6 “Application for Refund.”

Can I borrow against my teacher retirement in Texas?

You may borrow a minimum of $1,000 up to a maximum of $50,000 or 50% of your vested account balance reduced by your highest outstanding loan balance during the past 12 months. Texa$aver allows a maximum of two loans per Plan.

What happens to my Texas TRS if I quit?

If you have terminated all employment with your TRS-covered employer(s) and have neither applied for or received a promise of employment with another TRS-covered employer, you are eligible to request and receive a refund of your accumulated contributions.

For pdfFiller’s FAQs

Where do I find TX TRS 228A?

It's simple with pdfFiller, a full online document management tool. Access our huge online form collection (over 25M fillable forms are accessible) and find the TX TRS 228A in seconds. Open it immediately and begin modifying it with powerful editing options.

How do I make changes in TX TRS 228A?

With pdfFiller, you may not only alter the content but also rearrange the pages. Upload your TX TRS 228A and modify it with a few clicks. The editor lets you add photos, sticky notes, text boxes, and more to PDFs.

Can I create an eSignature for the TX TRS 228A in Gmail?

Use pdfFiller's Gmail add-on to upload, type, or draw a signature. Your TX TRS 228A and other papers may be signed using pdfFiller. Register for a free account to preserve signed papers and signatures.

What is TX TRS 228A?

TX TRS 228A is a Texas state reporting form used by certain entities to report information related to their operations and financial activities to the Texas Teacher Retirement System.

Who is required to file TX TRS 228A?

Entities that are members of the Texas Teacher Retirement System and have specific financial activities or obligations as defined by Texas law are required to file TX TRS 228A.

How to fill out TX TRS 228A?

To fill out TX TRS 228A, you need to gather the required financial information, complete the form with accurate data, ensure compliance with any state guidelines, and submit it by the specified deadline.

What is the purpose of TX TRS 228A?

The purpose of TX TRS 228A is to ensure transparency and accountability in the financial practices of entities involved with the Texas Teacher Retirement System.

What information must be reported on TX TRS 228A?

TX TRS 228A requires reporting of financial data, including revenue, expenditures, and any relevant operational metrics necessary for the Texas Teacher Retirement System's oversight.