R is for RMD!
Certain TDA participants must receive a minimum amount of TDA funds in a given year to meet the IRS’ distribution regulations.
This amount is called a Required Minimum Distribution or RMD.
This generally applies to participants who have separated from service and are at least age 73 (if they reached age 73 in 2023 or later).
Members who have reached age 72 before 2023 must continue receiving RMDs as they did in previous years.
Learn about this and more by visiting www.trsnyc.org!
