Late Payment Penalty

As provided for in section 47-3-42 of Georgia law, a late payment penalty of 1.5% per month (or fraction of a month) may be assessed on reporting employers whose monthly contribution payments are not received by the 10th day of the reporting month. When assessed, TRS sends written notice of the late payment penalty to the employer, and the employer is required to include the penalty amount with the next month’s contribution payments.