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Human Resources & Employee Development
Teachers Retirement System of GA
Effective July 1, 2006 the employee contributes 5% (tax deferred) of salary; the State currently contributes 9.28%. After 10 years of creditable service the employee has a vested right to a retirement benefit. If termination occurs prior to vesting, all employee contributions will be returned. Currently the interest rate is set at 4 1/2% and is compounded annually on the member's prior year's balance. To calculate the basic monthly retirement income under the maximum plan of retirement: Years of service x 2.00% x highest 24 months average salary. If the date of employment is on or after the employee's 60th birthday, participation in TRS is optional.
Effective April 1st, 2004, Georgia Tech may not request any confidential information from TRS on an employee’s behalf unless the following release form is filled out, and received by the member or retiree to whom the information pertains.
For an addendum to the annual membership statement click here.