Teacher Retirement System Georgia

Georgia s teacher pension system like many government pensions in the united states sits at the heart of discussions about the state s responsibility for its public servants.

Teacher retirement system georgia. The teachers retirement system manages the retirement fund for public school educators university system of georgia employees and others in educational work environments. About us about trs trs history mission vision governance leadership team board of trustees retirement plans economic impact residency maps. In georgia teachers are a part of the teachers retirement system of georgia. State of georgia government websites and email systems use georgia gov or ga gov at the end of the.

Teachers retirement system of ga trs two northside 75 suite 100 atlanta ga 30318 united states. Retirement systems regularly publish estimates of how long new public employees will stay in the workforce. Before returning to work in any capacity in georgia s public school system you must have a break in service of at least one month. Trs retirees must report all employment in georgia s public school systems regional and county libraries the university system of georgia and resa units.

During last year s legislative session georgia s house retirement committee requested cost estimates of house bills 662 and 667 as amended both measures propose changes aimed at improving the solvency of the teachers retirement system trs of georgia a plan currently sitting at only 77 percent funded and holding nearly 22 billion in unfunded promises made to georgia educators. In a trs board meeting held on june 24 2020 the trs board of trustees adopted the following maximum salary increases. With assets that nearly triple the state s yearly budget and the financial health of hundreds of thousands of retirees in the balance trs leadership and state lawmakers carry a considerable duty to the state. The basic structure of georgia s teacher defined benefit db pension is similar to that of other states.

I e if you retire effective july 1 you cannot begin work in a public school system until august 1. Teachers retirement system of ga trs office get directions. New research shows that the teachers retirement system of georgia georgia trs may not be a good fit for all new expected teachers. The system was established in 1943 and is the largest public retirement system in the state.

Bellwether education partners analyzed these results and published their findings at the end of 2018. About trs trs history mission vision governance leadership team board of trustees retirement plans economic impact residency maps events calendar of events new hire events mid career events pre retirement events retiree events host an event suggest an event. Local state and federal government websites often end in gov.