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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
Important Updates About Your 2021 Benefit!
Happy 2021 retirees and we hope that this year is off to a great start! You may have noticed a difference in your January, 2021, benefit.
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Tags: Retiree
Published: January 5, 2021
Published: January 5, 2021
FY2021 Annual Membership Statements Are Available
Active members may now access their membership statements online via their TRS account. The statements provide valuable account information, such as an account balance, the lump-sum value of an account, estimated projections, as well as beneficiary and service credit information.
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2021 TRS Year End Recap with Dr. L.C. “Buster” Evans
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Tags: Retiree
Published: December 3, 2021
Published: December 3, 2021
The Best of Your Retirement in Focus - Highlights of 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.
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Tags: Retiree
Published: September 28, 2021
Published: September 28, 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
Furloughs and TRS Earnable Compensation
Current economic conditions and reduced revenue collections due to the Covid-19 pandemic have resulted in employers planning for reducing budgets in FY 2021 by several methods such as furloughs, salary reductions and reductions of contracted work days, which will have an impact on the amount of earnable compensation to be reported to TRS
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Published: June 5, 2020
2022 Federal Income Tax Withholding Rates
TRS processed January 2022 monthly retirement benefits using the federal income tax withholding rates for 2021, the federal rates publicly available at the time. The IRS released the 2022 rates in the second half of December, after the deadline for timely payment processing.
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Published: January 27, 2022
TRS Awarded the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada (GFOA)
The Teachers Retirement System of Georgia is pleased to announce that the annual comprehensive report for the fiscal year ended June 30, 2021, received the GFOA’s Certificate of Achievement for Excellence in Financial Reporting.
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Published: July 11, 2022
Contribution Rates
TRS employer and employee contribution rates from fiscal year 1980 to present
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Published: October 6, 2021
Historical Rates
Employer & Member Contribution Rates & IRS Salary Limits
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Published: October 6, 2021
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
Publications
Review our annual reports, actuarial valuations and miscellaneous publications.
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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
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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Your TRS Representative
View a list of employers and their TRS assigned representative
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Published: October 7, 2021
Half-Day Pre-Retirement Seminar @ Central Georgia Technical College
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Tags: Pre-Retirement
Published: October 25, 2022
Published: October 25, 2022
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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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
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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Eligibility for Retirement
You are eligible to retire ‘penalty free’ under the following conditions:
Completion of 30 years of creditable service – regardless of your age; or
Completion of 10 years of creditable service, and be age 60 or older.
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Tags: Pre-Retirement
Published: September 27, 2021
Published: September 27, 2021
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.
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Published: September 27, 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
At Your Death – Survivor’s Benefits
Should you die prior to retirement, TRS offers survivor benefits to your surviving beneficary(ies).
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Published: October 5, 2021
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
Allowable Sick Leave Usage and Attendance Incentive Programs
Employers should notify TRS of all sick leave policies in use for compliance with Georgia law. System policies must be consistent for all employees.
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Published: October 6, 2021
Eligibility for Retirement
You are eligible to retire ‘penalty free’ under the following conditions:
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Published: October 6, 2021
Tips and Guidelines for Entering Adjustments
Reporting prior period, retroactive and current month adjustments can be tricky at times. This document is intended to provide helpful clarification on the process.
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Published: October 7, 2021
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.
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Published: October 7, 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
Central Georgia Technical College: Pre-Retirement
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Tags: Pre-Retirement
Published: July 2, 2022
Published: July 2, 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
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