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Mid-Career Events
As you continue your career as an educator, it is important to revisit your retirement plan and stay abreast of new information and legislation that may affect your retirement benefit. This workshop will provide you with an overview about the services TRS offers, along with an update on what’s going on in the retirement arena-both at TRS and in the state legislature.
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Published: August 31, 2021
Mid-Career Workshop
As you continue your career as an educator, it is important to revisit your retirement plan and stay abreast of new information and legislation that may affect your retirement benefit.
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Tags: Mid-Career
Published: October 6, 2021
Published: October 6, 2021
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.
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Tags: Mid-Career
Published: October 5, 2021
Published: October 5, 2021
Leaving Funds with TRS or Withdrawing Your Funds
If you are thinking about switching careers, moving out of state, or taking a break from education, it may sound tempting to withdraw your funds and receive a lump-sum payment of your contributions and interest
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Tags: Mid-Career
Published: October 5, 2021
Published: October 5, 2021
Beneficiaries
It is critical that you designate at least one primary and one secondary beneficiary with TRS. To do so, you must log in to your online TRS account and complete the Designate Beneficiary section.
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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.
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Tags: Mid-Career
Published: October 5, 2021
Published: October 5, 2021
Service Credit
The chart below indicates the three types of service that can comprise your total years of creditable service upon retirement. Purchasing service can assist you in attaining vested status, allowing you to retire sooner or increasing your final retirement benefit.
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Tags: Mid-Career
Published: October 5, 2021
Published: October 5, 2021
Calculating Your 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).
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Insurance
The main purpose of having insurance is to hedge against risk. There is a small percentage of Americans that are fully self-insurable—meaning that they have enough assets to cover any financial liabilities that may occur due to health issues or damage to property and intangible assets.
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Tags: Mid-Career
Published: October 5, 2021
Published: October 5, 2021
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.
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Tags: Mid-Career
Published: October 5, 2021
Published: October 5, 2021
Mid-Career Statewide Half-Day Seminar at Gwinnett County Public Schools Instructional Support Center
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Tags: Mid-Career
Published: May 16, 2022
Published: May 16, 2022
Mid-Career Half-Day Seminar @ UGA Center for Continuing Education and Hotel
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Tags: Mid-Career
Published: June 23, 2023
Published: June 23, 2023
Mid-Career Half-Day Seminar @ Middle Georgia State University
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Tags: Mid-Career
Published: August 3, 2023
Published: August 3, 2023
Post-Retirement Statewide Seminar at Chattahoochee Technical College
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Tags: Retiree
Published: May 11, 2022
Published: May 11, 2022
Half-Day Pre-Retirement Seminar @ Central Georgia Technical College
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Tags: Pre-Retirement
Published: October 25, 2022
Published: October 25, 2022
Post-Retirement Half-Day Seminar @ Chattahoochee Technical College
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Tags: Retiree
Published: May 2, 2023
Published: May 2, 2023
Pre-Retirement Half-Day Seminar @ Dalton State College
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Tags: Pre-Retirement
Published: October 11, 2023
Published: October 11, 2023
Pre-Retirement Seminar @ Kennesaw State University
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Tags: Pre-Retirement
Published: January 22, 2024
Published: January 22, 2024
Post-Retirement Seminar @ Clayton State University
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Tags: Retiree
Published: March 25, 2024
Published: March 25, 2024
Statewide Virtual TRS Pre-Retirement Workshop on YouTube
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Tags: Pre-Retirement
Published: April 14, 2022
Published: April 14, 2022
Virtual Individual Pre-Retirement Counseling Sessions
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Tags: Pre-Retirement
Published: August 26, 2022
Published: August 26, 2022
Virtual Pre-Retirement Workshop on YouTube
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Tags: Pre-Retirement
Published: February 20, 2023
Published: February 20, 2023
Workshops and Counseling
TRS understands you may have questions and concerns regarding your retirement future. So we offer a variety of workshops and individual counseling sessions specifically designed to address different career stages.
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Shining the Light on Your TRS Beneficiary
At all stages of your career, it is very important to keep your TRS beneficiaries updated. The beneficiaries you select for your TRS account are different than beneficiaries selected at open enrollment and the information in your TRS account supersedes information in will, divorce decrees, etc.
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Published: September 20, 2022
Board Meetings
Regular meetings are held by the TRS Board of Trustees bi-monthly on the fourth Wednesday of January, March, May, July, September and November of each year, or on such other dates as the Board shall decide.
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Published: September 18, 2021
Hiring Employees Vested In ERS of Georgia
Legislation (HB 661) was passed and became effective July 1, 1998, that allows any vested member of the Employees’ Retirement System (ERS) who becomes an employee of an employer normally covered by TRS to remain a member of the ERS
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Published: October 6, 2021
Risk & Debt Management
As you move through your career, it is important that you learn how to recognize risks and manage them, along with any debt that you may have, while they can still be managed.
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Start Retirement Planning
The short answer is now! If you are already asking yourself questions about preparing for your financial future, it’s time to start planning!
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Hosting a TRS Event
Planning for retirement needs to be a priority for our members—the earlier they start, the better off they will be!
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Ms. Deborah K. Simonds
Ms. Simonds is a retired teacher from Georgia. She was a High School Special Education teacher for 27 years at Berkmar High School in Gwinnett.
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Published: September 18, 2021
Welcome, Active Members!
TRS administers the fund from which teachers in the state’s public schools, many employees of the University System of Georgia, and certain other designated employees in educational-related work environments receive retirement benefits.
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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.
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Retiree Events
We have created a workshop aimed at keeping you informed throughout your retirement, including information about what’s new at TRS, membership statistics, a financial update, as well as any legislation that may affect you.
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Tags: Retiree
Published: August 31, 2021
Published: August 31, 2021
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.
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Tags: Retiree
Published: September 28, 2021
Published: September 28, 2021
Board of Trustees' Sets:
In its annual meeting held today, May 11, 2022, the Board of Trustees adopted the following maximum IRS Salary Limits that can be used by the Teachers Retirement System of Georgia (TRS) to compute a member’s highest two-year average salary
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Legislation
The Teachers Retirement System of Georgia administers its benefits and programs in accordance with applicable state and federal law, and administrative rules. Title 47 of the Official Code Georgia (O. C. G. A.) assigns the authority to establish and amend the provisions of TRS to the State Legislature. State law outlines specific details for state retirement systems, including vesting periods, employee contribution rates, benefit formulas, and retirement eligibility.
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Frequently Asked Questions Regarding COVID-19
Frequently Asked Questions Regarding COVID-19 and Teachers Retirement System for Members, Retirees, and Employers
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Board Meeting Minutes
The TRS Board of Trustees meet six times a year at the TRS office in Atlanta. Meeting minutes for items discussed during open session are provided below:
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Published: September 18, 2021
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.
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Tags: Retiree
Published: September 20, 2021
Published: September 20, 2021
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.
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Tags: Retiree
Published: September 20, 2021
Published: September 20, 2021
I’m Ready to Retire
Well in advance of your date of retirement, we recommend you contact TRS for a retirement benefit estimate and to discuss the various plans of retirement. If you are considering retiring within the next two years, we recommend that you speak with one of our retirement counselors.
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Tags: Pre-Retirement
Published: September 27, 2021
Published: September 27, 2021
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.
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Published: September 27, 2021
Plans A or B Option 1
If the retiree chose retirement Plan A or Plan B – Option 1, the deceased retiree’s beneficiary(ies) could be eligible for a lump sum refund, and will need to provide TRS the following
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Tags: Retiree
Published: September 28, 2021
Published: September 28, 2021
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.
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At 40 Years of Service
If you have at least forty years of service credit, you may elect to discontinue your contributions to TRS, as 40 years is the maximum number of years your retirement calculation can be based upon. Per Georgia law, this election is irrevocable.
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Establishing Membership Service
During your employment in a TRS covered position, you make monthly contributions to TRS, via employer payroll deductions, and earn service credit.
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Plan B All Other Options
If the retiree chose Plan B-Option 2, 2 Pop-up, 3, 3 Pop-up, or 4, the deceased retiree’s beneficiary(ies) are eligible for a monthly benefit, and TRS will need the following
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Tags: Retiree
Published: October 5, 2021
Published: October 5, 2021
Unused Sick Leave Credit at Retirement
At retirement, TRS members can establish credit for unused sick leave earned with current and previous employers. Based on Georgia law, a member can receive credit for unused sick leave at retirement only if he or she has not received payment of any kind for the leave
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Tags: Retiree
Published: October 5, 2021
Published: October 5, 2021
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.
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Earnable Compensation
Earnable compensation is defined as the full regular compensation payable to a member for full normal working time.
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Published: October 6, 2021
Hiring TRS Retirees
Retired members of the Teachers Retirement System of Georgia (TRS) have the ability to be employed on either a full or part-time basis under certain terms and conditions.
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Published: October 6, 2021
Membership Exceptions
Any vested member of TRS who becomes an employee of an employer normally covered by the Employees’ Retirement System (ERS) can elect to remain a member of TRS.
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Published: October 7, 2021
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.
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Published: October 7, 2021
Verifying/Reporting TRS Retirees
Verifying and Reporting TRS Retirees
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Published: October 7, 2021
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
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Published: July 1, 2020
FY 2020 Salary Limit & FY 2021 Contribution Rate Memo
In its annual meeting on May 15, 2019, the TRS Board of Trustees adopted maximum salary increases for fiscal year 2020 along with the employee and employer contribution rates for fiscal year 2021.
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Published: May 29, 2019
New Hire Events
Many people are unable to retire because they started saving too late in life. But not you! You are lucky because as a member of TRS, you and your employer begin contributing toward your retirement your very first day of work. How many people can say they will be guaranteed a retirement benefit for life?
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Published: August 31, 2021
Mr. Kenneth Dyer
Mr. Kenneth Dyer was selected in February 2017 by the Dougherty County Board of Education to become the district’s superintendent after having served as Associate Superintendent and Chief Financial Officer.
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Published: September 18, 2021
Dr. Marion Fedrick
Marion Ross Fedrick was appointed as the 10th president of Albany State University on August 14, 2018, by the University System of Georgia Board of Regents.
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Published: September 18, 2021
Mr. Greg S. Griffin
Mr. Griffin currently serves as the State Auditor of Georgia. He was appointed to that position by Governor Nathan Deal.
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Published: September 18, 2021
Dr. William G. Sloan, Jr.
Dr. Sloan has been the Executive Director of the Georgia Retired Educators Association since 2005. He retired in 2005 after serving as principal of East Hall High School for more than 17 years.
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Published: September 18, 2021
New Member Workshop
Many people are unable to retire because they started saving too late in life. But not you! You are lucky because as a member of TRS, you and your employer begin contributing toward your retirement your very first day of work.
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Tags: New Hire
Published: October 6, 2021
Published: October 6, 2021
Statewide Pre-Retirement Counseling Sessions
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Tags: Pre-Retirement
Published: September 16, 2022
Published: September 16, 2022