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Pension Limitations
When calculating and paying retirement benefits, Georgia law and Internal Revenue Service (IRS) regulations place certain limitations on salary earned, salary increases received, and retirement payments received.
Published: September 27, 2021
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Pension Limitations
When calculating and paying retirement benefits, Georgia law and Internal Revenue Service (IRS) regulations place certain limitations on salary earned, salary increases received, and retirement payments received.
Published: October 7, 2021
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Pension Calculator
The TRS pension calculator is an educational tool designed to help members, who are more than 5 years from retirement, estimate their monthly benefit for service retirement. You may use this calculator far in advance of your retirement to help you develop your personal retirement strategy by experimenting with various retirement scenarios.
Published: September 3, 2021
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GASB Pension Accounting Info
Published: October 6, 2021
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Video: Economic Impact of Teacher Pensions in Georgia
A detailed look at how TRS retirees contribute to the economic success of Georgia.
Published: November 20, 2019
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Salary Limitations
In a TRS board meeting held on June 24, 2020, the TRS Board of Trustees adopted the following maximum salary increases for FY 2021 that can be used by the Teachers Retirement System of Georgia (TRS) to compute a member’s highest two-year average salary
Published: July 1, 2020
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Limitations to Using Sick Leave
Unused sick leave credit is allowed for Georgia teaching service. Eligible service includes withdrawn and repurchased Georgia teaching service as well as service purchased or transferred from local retirement plans.
Tags: Mid-Career, New Hire, Pre-Retirement
Published: October 6, 2021
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GASB 68 Actuary Reports
Published: October 6, 2021
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GASB 68 Audit Reports
Published: October 6, 2021
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Retirement Services: Beneficiaries, Over Payments and Retiree Pension Checks- Part 1
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Published: October 20, 2020
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Mission and Vision
Our Mission… is to support Georgia educators by providing pension education, safeguarding plan investments, and efficiently administering retirement benefits.
Published: August 30, 2021
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Legislative Update 2019
During the legislative session, TRS posts legislative updates from the Georgia General Assembly that may affect the teachers pension system. Pending legislation is sponsored by members of the Georgia House or Senate, and does not become law until the Governor signs the bill. TRS does not draft or lobby for/against any legislation.
Published: February 25, 2019
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Economic Impact
Teacher pensions play a vital role in Georgia's economy. This brochure provides a detailed look at how TRS retirees contribute to the economic success of this great State.
Published: September 17, 2021
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Welcome, Employers!
Our website is your source for the latest information from TRS, Georgia’s largest public employee retirement system. At TRS, we strive to provide information and materials that will enable you to fulfill your pension administration obligations for your employees.
Tags: Mid-Career, New Hire, Pre-Retirement
Published: September 20, 2021
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How Contributions Work
In order to successfully plan for your retirement, you need to understand how contributions are made to your TRS account. Your pension is funded by 3 sources: member contributions, employer contributions, and investment earnings.
Tags: Mid-Career, New Hire, Pre-Retirement
Published: September 28, 2021
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Hello, Mid-Career Members!
You have been an educator for several years now, but you still have a number of years remaining before you can fully plan your retirement. However, now is the perfect time to acquaint yourself with specific details regarding your forthcoming TRS pension benefit.
Tags: Mid-Career
Published: October 5, 2021
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Reporting Policies and Procedures
In an effort to abide by TRS laws and regulations, maintain accurate records, and provide members with the retirement pensions they’re entitled to, employers are required to submit a detailed member contributions report and Monthly Summarization Report each month.
Published: October 7, 2021
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Fraud Prevention
As a TRS member, you may receive solicitations from financial services companies that are representing themselves as TRS and communicating pension plan information in ways that may be incorrect or aimed at enhancing their own commissions.
Published: March 15, 2023
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Working After Retirement
All employment as a teacher, whether directly or indirectly (i.e. independent contractor, private temporary company, etc.) with a TRS employer is subject to salary and service limitations as outlined in Georgia law and TRS policy.
Tags: Retiree
Published: September 20, 2021
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Allowable Employment – Service Retirees
All employment as a teacher, whether directly or indirectly (i.e. independent contractor, private temporary company, etc.) with a TRS employer is subject to salary and service limitations as outlined in Georgia law and TRS policy.
Tags: Retiree
Published: September 28, 2021
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Allowable Employment – Disability Retirees
If you retired on a disability retirement, Georgia law imposes salary limitations on disability retirees.
Tags: Retiree
Published: September 28, 2021
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Retirement Plans Offered
TRS offers a defined benefit plan of retirement, also known as a 401(a). As its name implies, your retirement benefit is “defined” by calculation using your years of membership service, the average of your highest 24 consecutive months of salary*, and a 2% multiplier.
Published: September 16, 2021
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Determining Your Retirement Benefit
Your retirement benefit is calculated by using the percentage of salary formula. Simply stated, two percent is multiplied by your years of creditable service, including partial years (not to exceed 40 years).
Tags: Mid-Career, New Hire, Pre-Retirement
Published: October 5, 2021
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Cost-of-Living Adjustments (COLAs)
In addition to your TRS membership, you may be eligible for a Cost-of-Living Adjustment (COLA) if the cost of living increases as determined by the CPI.
Tags: Retiree
Published: September 20, 2021
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Social Security
Your TRS retirement benefit is not reduced, or affected in any way, by a benefit you are eligible to receive from the Social Security Administration (SSA).
Tags: Retiree
Published: September 20, 2021
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Beneficiary Designees
As you retire and select your plan of retirement, you will also be selecting primary and secondary beneficiaries. If you choose a beneficiary who is more than ten years younger than you, who is not your spouse, your benefit may be subject to the required minimum distribution incidental benefit (MDIB) rules of the Internal Revenue Service
Published: September 27, 2021
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Other
Classroom Aide Substitute Teaching Adjunct Professors
Tags: Retiree
Published: September 28, 2021
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2021 Retiree Underwithheld Federal Income Tax Frequently Asked Questions (FAQ)
If you are a TRS retiree with federal income tax withholding for January and February that was lower than the appropriate amount for your monthly benefit, please refer to the frequently asked questions below to find answers about the issue and resources available to you.
Tags: Retiree
Published: September 28, 2021
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How TRS Benefits You!
Your retirement plan is a defined benefit plan which requires contributions from you and your employer, is determined by a formula based on your years of service and/or age and your final average salary, and will be paid to you throughout your lifetime.
Tags: Mid-Career, New Hire, Pre-Retirement
Published: September 28, 2021
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Vesting
Vesting is a key concept, but many people are not familiar with the benefits of this important milestone.
Tags: Mid-Career, New Hire, Pre-Retirement
Published: September 28, 2021
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Suspending or Terminating Benefit Payment
If you return to work in a position that does not allow you to continue receiving your monthly benefit payment, you will have the choice to terminate or suspend your retirement.
Tags: Retiree
Published: October 5, 2021
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Forms
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Tags: Mid-Career, New Hire, Pre-Retirement, Retiree
Published: August 26, 2021
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Maximizing Your Benefit
As a member of TRS, the amount you contribute is determined by law, so you may not increase your contribution amount in an effort to increase your retirement benefit.
Tags: Mid-Career
Published: October 5, 2021
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Retirement Benefit Options
Although you are probably years away from having to select a retirement plan, it doesn’t hurt to have a general understanding of the TRS plans available.
Tags: Mid-Career
Published: October 5, 2021
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Federal and State Taxes
All or most of your TRS monthly benefit is subject to federal income tax, with exact details furnished to you at the time of your retirement.
Tags: Pre-Retirement
Published: October 5, 2021
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Social Security Offset
Your TRS retirement benefit is not reduced, or affected in any way, by a benefit you are eligible to receive from the Social Security Administration (SSA).
Tags: Pre-Retirement
Published: October 5, 2021
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Leaving Teaching or TRS Covered Employment
If you terminate your TRS covered employment, you may apply for a refund of your contributions and interest. You can either receive a check from TRS, or move your funds to another qualified plan.
Tags: Mid-Career, New Hire, Pre-Retirement
Published: October 6, 2021
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Military Service
Georgia law contains several provisions for the establishment of up to 5 years of retirement credit for periods of active duty military service in the armed forces of the United States. If you have military service prior to 1955, please contact our office.
Tags: Mid-Career, New Hire, Pre-Retirement
Published: October 6, 2021
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State of Georgia Employment
If you were previously a member of the Employees’ Retirement System of Georgia (ERS) and withdrew your funds, you may establish this service with TRS. You are eligible to purchase your ERS withdrawn service after you have completed the required number of years of active TRS membership.
Tags: Mid-Career, New Hire, Pre-Retirement
Published: October 6, 2021
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Workers Compensation Disability
You may be eligible to establish retirement credit for a temporary disability caused by a job-related disease or accident. The maximum period is twelve months and must be applied for within six months of returning to service following the temporary disability.
Tags: Mid-Career, New Hire, Pre-Retirement
Published: October 6, 2021
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Supplementing Your TRS Benefit
Published: October 6, 2021
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Plan A
This plan provides you with the largest possible monthly lifetime benefit for you for the remainder of your life.
Published: September 17, 2021
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Your Responsibilities
As an employer in the Teachers Retirement System of Georgia, we know that you want the best for your employees.
Published: October 7, 2021
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Plan B
Plan B provides members with 6 survivorship options: Option 1 allows you to possibly leave a lump-sum payment, but no monthly benefit, to a beneficiary(ies) after your death; and Options 2-4 allow you to provide a continuing monthly benefit to a beneficiary(ies) after your death.
Published: September 17, 2021
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Suspending or Terminating Retirement
If a TRS retiree returns to work in any capacity other than what is listed above as acceptable employment, he or she may work one-half time or greater in a TRS-covered position and either suspend or terminate his or her retirement benefit.
Published: October 7, 2021
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Mr. Steve McCoy
Steve McCoy is the Georgia State Treasurer. The Treasurer serves as cash management officer for Georgia on behalf of the State Depository Board responsible for managing over $30 billion of state and local government investments
Published: September 18, 2021
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Partial Lump Sum Option Plan (PLOP)
At retirement, in addition to selecting Plan A (maximum plan) or Plan B (survivorship plan), you may also elect to receive a one time lump-sum distribution (cash payment) in addition to your monthly retirement benefit.
Published: September 18, 2021
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Your Monthly Benefit Payment
Tags: Retiree
Published: September 20, 2021
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Unused Sick Leave Credit at Retirement
At retirement, TRS members can establish credit for unused sick leave earned with current and previous TRS employers. If you haven’t been saving your sick leave up until now, you really should start. The more unused sick leave days you have at retirement, the earlier you can retire and the larger your monthly benefit.
Published: September 27, 2021
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Publications
Review our annual reports, actuarial valuations and miscellaneous publications.
Tags: Mid-Career, New Hire, Pre-Retirement, Retiree
Published: September 30, 2021
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Active vs Inactive Accounts
Published: October 5, 2021
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Unused Sick Leave Credit at Retirement
At retirement, TRS members can establish credit for unused sick leave earned with current and previous TRS employers. If you haven’t been saving your sick leave up until now, you really should start. The more unused sick leave days you have at retirement, the earlier you can retire and the larger your monthly benefit.
Published: October 7, 2021
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