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. |