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Trs of Georgia 30 Day Waiting Period Waiver Form

Trs of Georgia 30 Day Waiting Period Waiver Form

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let's start by talking about your TRS benefit the formula and some things that you can do to supplement your TRS retirement benefit your TRS benefit is a 401a defined benefit plan but most people refer to it as a pension plan this means that your benefit is guaranteed for life also there are some options that can leave a lifetime income to survive in beneficiaries but we'll talk about that a little later the formula that we use to determine your TRS retirement benefit is the number of years of creditable service that you have which we multiply by two percent we then take that percentage and multiply it by your high average salary which is your highest two consecutive years of salary wherever that falls in your career we multiply all that together to get your initial benefit under the max Plan 8 and we do have some other options that you can choose from how much will your TRS retirement be well it depends on the number of years of service that you have when you retire wh

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