Retirement Benefits

Retirement Benefits - Smiling retired couple outside looking at a picture on camera.

PLEASE NOTE: The University System of Georgia (USG) Retirement Plan enhancements are coming soon.
All existing account balances from Fidelity, TIAA and VALIC are expected to be updated by May 12.
Detailed information is available online at retirement.usg.edu.

Resources

Retirement Related Forms
Request Appointment
My Retirement Manager
Retirement Eligibility and Process
View the current monthly retiree premiums

Need Retirement Assistance?

Call 404.894.GTHR (4847)
Email retirement@ohr.gatech.edu
Request Support
Meet with a retirement vendor

Required Retirement Plans

All employees are required by an Act of the General Assembly of the State of Georgia to participate in a retirement program. The retirement options you have are determined by your non-exempt status. In addition to one of the required plans, Georgia Tech offers supplemental retirement saving plans. Your retirement plan selection is irrevocable.

Plan	Teacher's Retirement System (TRS)	Optional Retirement System (ORP)	Georgia Defined Contribution Plan (GDCP)
Eligiblility	Regular faculty or staff working at least 50% or greater	Regular faculty or staff working paid monthly (exempt status)	Temporary, seasonal, or part-time employees (non-exempt)
Employee Contribution	Required 6% (fixed, cannot increase or decrease)	Required 6% (fixed, cannot increase or decrease)	7.5%
Employer Contribution	20.9% (New FY19 rate)	9.24%
Vesting	10-year period	Immediate
Notes	Allows 2% per year income replacement and disability retirement at 10 years of service (any age)	Service is provided through VALIC, Fidelity, or TIAA	Only provides coverage for Medicare — not Social Security
Selection	Eligible employees default into this plan	If you do not wish to default into TRS, access one of the above vendor's websites to create an account. Email account confirmation to retirement@ohr.gatech.edu.

Supplemental Retirement Plans

Employees have the option to enroll in a supplemental retirement savings plan, in addition to their required retirement savings plan. Two plans options are provided through VALIC, Fidelity, and TIAA and are open to temporary and regular faculty and staff. You may start, stop, or modify contributions at any time.

Plan	403(b) Tax Sheltered Annuity	457(b) Deferred Compensation Plan
Type	A Roth 403(b) is available for after-tax contributions	Contributions to a 457(b) are pre-tax.
Employee Contribution	Employees may contribute up to $19,000 pre-tax for 2019 (additional $6,000 for age 50 and over)	Employees may contribute up to $19,000 pre-tax for 2019 (additional $6,000 for age 50 and over)
Establish Your Plan	To begin contributing to a 403(b), contact retirement@ohr.gatech.edu. The retirement team will alert you when you have been given access to Retirement Manager.	To begin contributing to a 457(b), contact retirement@ohr.gatech.edu. The retirement team will alert you when you have been given access to Retirement Manager.

Accessing your Supplemental Savings Plan

To establish your account, email retirement@ohr.gatech.edu.
The retirement team will alert you once you have been given access to Retirement Manager. Use the access instructions to create an account:
1. Select "New User" (under the USER ID box) [You must create an account for Retirement Manager. This is not your GT account login or retirement plan login.]
2. The system will provide step-by-step instructions.
3. As part of the process, you will select a vendor and create your Retirement Manager supplemental savings account.
Once the account has been established, you may start, stop, or change your contributions on a monthly basis.
Please note, the Human Resources retirement team does not adjust contributions on your behalf. However, they can assist you with personal data.