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). This product is then multiplied by your average monthly salary for your two highest consecutive years of membership service. Your benefit calculation is based on the 2 highest consecutive years of membership service that produce the highest benefit, which may not be your last years worked. The salary used to calculate your benefit may be limited if increases in your salary are above what is allowed by Georgia law.
TRS Benefit Formula
years
x
x
average salary
=
monthly benefit
Service Credit
Your # of years of creditable service, including partial years
Multiplier
Your years of creditable service is multiplied by 2%
Final Average Salary
Your final average salary for the 2 highest consecutive years of membership service*
Monthly Benefit
Your initial monthly benefit payment (under Plan A Maximum)**
*Benefit calculation is based on the 2 highest years that produce the highest benefit, which may not include your last years worked.
**The salary used to calculate your benefit may be limited if increases in your salary are above what Georgia law and the General Assembly deem allowable.