Tax Deferred Annuity

The BERS TDA program allows members to list one or more beneficiaries to receive the balance of their TDA account in the event of their death. If a member has passed away before withdrawing or annuitizing their TDA account, the TDA balance could be paid to the designated beneficiary shown on the form last filed with BERS.

Beneficiaries have the option to keep their funds in the BERS Variable Program. A beneficiary who chooses to do so will become an inherited account holder and will be responsible for any required minimum distributions. The surviving beneficiary of a member with a TDA account may also be able to roll the TDA funds over into their own IRA, TDA, 401(k), or 457 plan if their plan will accept the rollover.