Retirement

Related Documents:

Lincoln Financial 403b Universal Availability Notice

Additional Pages:

Public School Employee Retirement System (PSERS)

Teacher Retirement System of Georgia (TRS)

RETIREMENT PLANS


Teachers Retirement System of Georgia (TRS)


All employees who are scheduled to work 20 hours or more per week and at least half or more of the working days of a month in a covered position are required to be members of TRS. Covered positions include teachers, adminis-trators, supervisors, clerical workers, paraprofessionals, nurses, child nutrition managers and child nutrition bookkeepers.


For the current year, participants will contribute 6% of regular earnings to the plan. CCPS contributes 20.90% of your earnings to TRS on your behalf each month.


You will receive information from TRS instructing you to register your account online and name your beneficiaries.


For more details, please refer to the TRS website at www.trsga.com


Public School Employees Retirement System (PSERS)

Employees who are benefits eligible and are not eligible for TRS must establish membership in PSERS. The employ-ees include bus drivers, child nutrition workers, maintenance, mechanics, and bus monitors. No employee can be a member of both PSERS and TRS at the same time.


Participants hired on or after 7/1/2012 will contribute $10.00 per month to the plan. Participants hired before that date continue to contribute $4.00 per month to the plan.


You will receive information from PSERS instructing you to register your account online and name your beneficiaries.
For more details, please refer to the PSERS website at www.ers.ga.gov


Supplemental Retirement Benefit 403 (b) Plan for PSERS Employees

Employees who are in the PSERS system are enrolled in the 403(b) plan. CCPS will put 3% of your base salary into an account with Lincoln Financial on your behalf. Also, employees have the option to contribute to the plan with a voluntary deduction.


Need to start your retirement process, please schedule a time to meet with the Benefits Coordintor. Please click here to find a time that you can come in.

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