The Teachers Retirement System of Georgia has announced employer and employee contribution rates for the 2009-2010 fiscal year. Effective July 1, the employee contribution will increase from 5 percent to 5.25 percent. The employer contribution will increase from 9.28 percent to 9.74 percent. The memo describing the contribution rates are available online for immediate download as a PDF file
(www.trsga.com/UploadedForms/radC0FCF92200830652PM.pdf).
In addition, the board of regents has announced employer and employee contribution rates for the Optional Retirement Plan. Effective Jan. 1, the employer contribution rate will increase from 8.15 percent to 9.24 percent. The employee contribution rate of 5 percent will not change.
