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Retirees And Retirement Eligible

TRS Workshops and Counseling Events

ERSGA and Peach State Reserves take the protection of your personal data very seriously. We employ numerous security protocols to keep your personal information safe. However, if you have been the victim of identity theft, or if you believe your ERSGA or PSR account has been compromised, please immediately contact:

ERSGA 404.350.6300

ERS Retirees can Convert Peach State Reserves funds to Guaranteed Monthly Income

Supplemental Guaranteed Lifetime Income

ERS retirees can now use funds in Peach State Reserves to purchase a supplemental annuity from ERS. The SGLI is a program that can be used to provide additional financial security during retirement through lifetime monthly benefit payments.

1. When will my 1099 be mailed for the year 2021?

1099s will be mailed by Monday, January 31, 2022.

2. Can I see my 1099s online?

Yes! If you received pension payments, a lump sum refund, or are a beneficiary who was paid a death benefit during calendar year 2021, your 1099 is available online. Use the Log In button at the top of this page to log into your account.

How The Trs Plan Works

The TRS Plan is a defined benefit pension plan. Your retirement benefit is based upon on a predetermined formula, using your length of service and average monthly salary based on your highest 24 months of earnings. To learn more, review the following Plan at a Glance information.

  • You and USG contribute to your TRS account.

  • You: 6% of your pre-tax compensation
  • USG: 19.81% of your pre-tax compensation effective July 1, 2022, 19.98%

Note: Changes in USGs contributions do not impact your benefit at retirement because its determined by a fixed formula.

  • You become vested after 10 years of service.
  • Vesting is calculated using your length of service and average monthly salary .
  • Sick leave credit can be added to your years of service upon retirement. Certain restrictions apply.
  • If you leave USG before youre vested, you will only receive your contributions plus interest at the stated rate.Learn more.

If you leave USG before you are vested in your TRS benefit, you have these options:

  • Leave your contributions with TRS ,
  • Roll over your contributions to another qualified plan or IRA, or
  • Request a lump-sum distribution .

Building Your Retirement Future

You and USG both contribute to the TRS, which provides a monthly lifetime benefit once you become vested. Before youre vested, you will only receive your contributions plus interest at the stated rate.

If youre a nonexempt or hourly paid employee working 20 or more hours per week, youll automatically be enrolled in the TRS Plan as of your date of hire or eligibility.

If youre an exempt or salaried employee working 20 or more hours per week, you can choose either the Optional Retirement Plan or the TRS. Your retirement selection must be made within 60 days of eligibility or you will default into the TRS plan retroactively to your date of hire or eligibility. Retirement elections are irrevocable.

Once youre enrolled, youll receive a welcome letter from TRS with instructions to visit their website to open a TRS online account and assign your beneficiary.

Recommended Reading: How To Transfer Retirement Account

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