TEACHERS RETIREMENT SYSTEM OF GEORGIA (TRSGA is a defined benefit retirement plan)
See TRSGA Member's Guide – Human Resources Office
OPTIONAL RETIREMENT PLAN (ORP)
The Optional Retirement Plan is a defined contribution plan established in accordance with the Official Code of Georgia Annotated, Section 47-21-7. ORP is limited to employees in exempt positions or positions that have been designated by the law as covered. There are three vendors providing retirement services under this plan:
- Fidelity Investments
- Teachers Insurance & Annuity Association-College Retirement Equities Fund (TIAA-CREF)
Consider Electing TRS if:
- You wish to have accrued sick leave added to your retirement formula for creditable service at the point of your retirement (i.e., l day of sick leave credit for l day of s.l. accrual).
- You plan to continue service with the University System of Georgia until you retire.
- You have prior creditable military service, public out-of-state service, and/or previous TRS service that have been withdrawn, which can be used to increase the amount of TRS service.
- You are presently in another public State Retirement System and wish to transfer that retirement to TRS (Maximum 10 years to transfer).
Consider Electing An ORP (Optional Retirement Plan) if:
- You plan early retirement.
- You do not plan to be employed by the University System of Georgia for 10 years or more before retirement.
- You have a satisfactory retirement program already assured.
- Your primary consideration upon leaving our employment is the purchase of an annuity based on cash value accumulated in your ORP account, in lieu of a defined retirement benefit computed by a formula.
- You wish to have control of your investment options.