23 employees reported this benefit
TRS is not as awesome as one might think. You need to be working in the system for 10 years to be fully vested. 9 years 9 months, you quit you only leave with the amount you put in plus interest. New contract will make everyone in the whole state of Georgia participating in TRS contribute 9 to 10% of their income mandatory. TRS is not fully funded either. DeKalb county has their own pension to take place of social security. One only needs 40 quarters or 10 years of employment that contributes to social security in a lifetime in order to collect social security at retirement age.
Trs is the best and gets taken out directly
This is one of the best benefits of teaching. You pay 6% to the teacher's retirement system of Georgia instead of social security, so the school system contributes 16.1%. You have to teach for a minimum of 10 years to vest. Also, the school system will contribute an additional 2% in matching funds in a 403 B plan.
10 years to vest in the Defined benefit plan.
Based on the state teacher retirement system.
Teacher retirement seems stable, but just enough.
Under the current benefit for bus drivers their is no social security unless you have earned social security benfits from previous employment