Retirement - Required Plans

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)
Eligibility
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.