Retired members of the Teachers Retirement System of Georgia (TRS) have the ability to be employed on either a full- or part-time basis under certain terms and conditions. All employment of a TRS retiree must be reported to TRS prior to employment. This policy is contingent to the requirements established by Board of Regents.
TRS will review all employment of a retiree on a monthly basis just as it does all active members. All compensation, whether on an hourly or salaried basis, cannot exceed 49% of the compensation that would normally be paid to the individual if he or she worked on a full-time basis in the position.
Before returning to work in any capacity in a TRS-covered position, TRS retirees must have a break-in-service of at least one month (if the retirement date is July 1, the employee can begin working no earlier than August 1).
Hourly: A schedule of the maximum hours that a retiree can work during each month of the fiscal year is located below. This calculation is based on the total business days for each month, less the generally observed holidays. This should accommodate all payroll cycles used by TRS employers.
Salaried: The retiree can only receive forty-nine percent (49%) of the normal monthly contracted compensation for the position being held. The employment cannot exceed forty-nine percent (49%) of the full-time status of the position.
Temporary Employment: A retiree can be employed in any temporary full-time position for three months in a fiscal year and continue receiving monthly benefit payments. The full-time position must be paid at the normal contracted compensation.
Optional Retirement Plan (ORP): A TRS retiree who did not retire from a position under Board of Regents is eligible to work full-time in an eligible position for an institution without jeopardizing any benefit payments. The retiree must elect ORP mandated by BOR within 60 days of employment.
Adjunct Professors: A retiree can be employed as an adjunct professor in a full time capacity on an unlimited basis. These positions are ineligible for any benefits.
Independent Contractor: If a retiree is engaged in an independent contracting relationship with a TRS covered employer, their compensation is limited to one-half of the average annual compensation used to calculate their retirement benefit or the final compensation at the time of their retirement, whichever is greater. A copy of the contract must be submitted to TRS prior to the effective date of the contract.
Employed by an Entity doing business with a TRS Covered Employer: If a retiree is employed by an entity (e.g. partnership, corporation, etc) doing business with a TRS covered employer, their compensation may be limited to one-half of the average annual compensation used to calculate their retirement benefit or the final compensation at the time of their retirement, whichever is greater. Documentation of the retiree's duties and responsibilities with the entity and the retiree's relationship with the TRS covered employer must be submitted to TRS.
Annual Audit of Employment of TRS Retirees
Department of Audits will be performing detailed audits of employment records searching for TRS retirees. Any discrepancies will be investigated and, if necessary, benefit payments may be terminated and/or funds collected for benefits wrongly paid.