Are you over the age of 70 1/2?
For all retirement accounts involving tax-deferred dollars (like QPP and SPP), special "Required Minimum Distribution" (RMD) rules require that individuals who reach the age of 70 1/2 must begin withdrawing a portion of their account every year. If you are a QPP and/or SPP member who has reached the age of 70 1/2, and you are still an active CTC employee (either full-time or part-time), you may elect to delay all RMD distributions until you have officially retired. After you are retired, you must begin taking your annual RMD distributions.
Some of our plan members set up automatic annual RMD instructions with VALIC, prior to our rollover to Tiaa-Cref. Unfortunately those automatic RMD instructions did not roll over to Tiaa-Cref, therefore all RMD-eligible plan members must complete a new Tiaa-Cref form to set up automatic annual RMD instructions with Tiaa-Cref. If you are one of those individuals, please contact Tiaa-Cref at 1-800-842-2252 to set up your RMD instructions. You will also be receiving notification letters from Tiaa-Cref on this subject in November 2012