Please note the information below regarding average salary limitations and contribution rates for the Teachers Retirement System (TRS). The following policy for maximum salary increases in order to compute a member’s highest two-year average salary for FY2016 is as follows:
FISCAL YEAR 2016 –TRS Average Salary Limitation – beginning July 1, 2015
Employees of the Board of Regents 3.50%
All Others 4.34%
The percentages are in accordance with Georgia law and apply only to TRS members whose current date of membership is on or after July 1, 1984.
Teachers Retirement System – Contribution Rates
Effective July 1, 2015- FISCAL YEAR 2016 Effective July 1, 2016 – FISCAL YEAR 2017
| Employee Contribution Rate 6.00% | Employee Contribution Rate 6.00% |
| Employer Contribution Rate 14.27% | Employer Contribution Rate 14.27% |
Optional Retirement Plan – Current Contribution Rates
| Employee Contribution Rate 6.00% | |
| Employer Contribution Rate 9.24% |