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RETIREMENT PROGRAMS

Stephens County School System Retirement Programs

The Stephens County School System retirement program is made up of two parts – Teachers Retirement System of Georgia (TRSga), Public School Employees Retirement System (PSERS)

 

Teachers Retirement System of Georgia

TRS covers all teaching, administrative, clerical and other professional personnel. Teachers Retirement System eligible employees contribute 6% of their gross monthly salary to TRS.  In addition, the BOE contributes 19.98% of your gross salary to your TRS account.

  • Please click on this link for TRS information: www.trsga.com/active-member 

  • Have you been with TRS less than 5 years? Click on this link: New Hire

  • Have you been with TRS between 5 and 24 years? Click on this link: Mid-Career

  • Have you been with TRS 25 years or more? Click on this link: Pre-Retirement Members

  • Ready To Retire under TRS? Click on this link for the TRS Retirement Process:  I'm Ready to Retire

 

PUBLIC SCHOOL EMPLOYEES RETIREMENT SYSTEM

PSERS covers all non-TRS employees including bus drivers, food service, maintenance, warehouse and custodial employees.  PSERS employees contribute $10.00 per month September through May (applies to employees hired after 7/1/2012).

 

Supplemental Retirement Plans

The following plan options are available for benefits-eligible employees:  403(b) account, 457(b) accounts, Roth 403(b) and Roth 457(b) plans. Participation in tax-sheltered annuity plans is voluntary and is open to all benefits-eligible employees (those employees who work 20 hours or more per week). The Board has established a voluntary Supplemental Retirement Plan for PSERS employees that will match some employee contributions.  Since participation in these plans are voluntary, benefits-eligible employees may make changes to their plan(s) at their discretion (subject to IRS rules and regulations) during the calendar year by contacting the plan representatives.

Universal Availability requires an employer to give notice to employees of their right to make elective deferrals to tax sheltered annuities.  To ensure compliance with this requirement, SCSS offers an Annual Open Enrollment period for employee benefits during which benefits-eligible employees may make such elections and/or changes to their tax sheltered annuity plan(s).  Open Enrollment typically runs for a period of two weeks beginning in mid-October.

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