FY 2019 Salary Limitations FY 2020 Contribution Rates

The following maximum salary increases for FY 2019 that can be used by the Teachers Retirement System of Georgia (TRS) to compute a member’s highest two-year average salary:

Board of Regents Employees             2.50%              (0.00% + 2.50%)

All Others                                               4.34%              (1.84% + 2.50%)

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 Trustees also adopted the employee and employer contribution rates for FY 2020. Effective July 1, 2019, the contribution rates will be:

            Employee Rate                                   6.00%

                      Employer Rate                                   21.14%