In its annual meeting held today, May 15, 2019, the Board of Trustees adopted the following maximum salary increases for FY 2020 that can be used by the Teachers Retirement System ofGeorgia (TRS) to compute a member’s highest two-year average salary:
| Employees of the Board of Regents | 4.50% | (2.0% + 2.50%) |
| All Others | 4.26% | (1 .76% + 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 2021. Effective July 1, 2020, the contribution rates will be:
| Employee Rate | 6.00% |
| Employer Rate | 19.06% |
The University System of Georgia contribution rate for participants in the Board of Regents’ Optional Retirement Plan (ORP) will be 11 .81 % and shall be remitted monthly in the same manner as those made on behalf of members of the Teachers Retirement System of Georgia.
For any questions, please contact the Teachers Retirement System of GA.
Teachers Retirement System of GA
Two Northside 75, Suite 100
Atlanta, GA 30318
404-352-6500 – 800-352-0650 www.TRSGA.com