News & Announcements
Dear TRS Members:
The following salary contribution rate effective July 1, 2013 is also available on the TRS website, along with other current legislative actions at www.trsga.com (Currently TRS employees contribute 6% and the employer contributes 11.41%).
You may also view your annual statement, review your beneficiary information and download a copy of the TRS Membership Guide at any time at www.trsga.com
Subject: Salary Limitation for FY 2012-13/TRS Contribution Rate for FY 2013-14
In its annual meeting held May 16, 2012, the Board of Trustees adopted the following max salary increases for FY 2012-13 that can be used by the Teacher's Retirement System of Georgia (TRS) to compute a memeber's highest two-year average salary:
Employees of Board of Regents 2.5% (0.00% + 2.5%)
All Others 4.34% (1.84% + 2.5%)
These percentages are in accordance with Georgia Law [O.C.G.A. § 47-3-120(d)] and apply only to TRS members whose current date of membership is on or after July 1, 1984.
The Board of Trusteed also adopted the employee and employer contribution rates for FY 2013-14. Effective July 1, 2013, the contribution rates will be:
Employee Rate 6.00%
Employer Rate 12.28%