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    If You Are Retiring
    Planning to retire soon? Here is what you need to know about State Health Benefit Plan (SHBP):
    • In order to continue your State Health Benefit Plan (SHBP) coverage as a retiree, you and any dependents you want covered must be enrolled in the Plan at the time you retire. If you are not enrolled in the SHBP and wish to carry coverage as a retiree, you will need to enroll during Open Enrollment the year prior to your retirement
    • If you are under 65, your Plan Options are the same as for active employees and the Tobacco Surcharge question will apply
    • Once retired, you will have a Retiree Option Change Period (ROCP) that will only allow yout change your Plan Option
    • You may add dependents only if you have a qualifying  event (QE)
    • If you are retiring and turning age 65, you have the option of enrolling in a MA option, or remaining in a non-MA option
    • Premiums increase significantly if you or your eligbile spouse are not enrolled in Medicare or have not provided your Medicare information to SHBP prior to retirement
    • As of January 1, 2017, the new rate structure under the Annuitant Years of Service Subsidy Policy will effect active members and new hires when they decide to retire if they:
      • were not enrolled in SHBP as of January 1, 2012
      • had less than five (5) years of serivce in state retirement system as of January 1, 2012

    Members with less than 5 years of service as of 12/31/2011, who choose to carry SHBP insurance into retirement, can be subject to increased health care premiums.   Click here for additional information, and direct all questions to SHBP, as TRS does not determine eligibility and cost of health insurance offered through the SHBP.

    Teacher's Retirement System of Georgia
    Website:  www.trsga.com
    Tel: 800-352-0650
     
    To determine your monthly pension amount, you MUST create an account at the TRS website. This cannot be completed/done in the Benefits Office. However, an online account is REQUIRED. Please contact TRS for pension estimate to be mailed to you.
     
    In order for your sick leave to be applied towards your teacher's retirement, you must have at least 60 days. This does NOT apply to Public Retirement (ERS). 
     
    To be eligible for retirement one of the following must be meet:
    •    Completion of 30 years of creditable services regardless of age
    •    Completion of 10 years of creditable service at the age of 60
    •    Completion of 25 years of creditable service at the age of 55 with penalties 
    Forms:
     
  • Employee Retirement System of Georgia
    Tel: 800-805-4609 
      
    Please contact Employee Retirement System of Georgia for your retirement pension estimate.
     
    To be eligible for retirement one of the following must be meet:
    •    Completion of 10 years of creditable service or more at the age of 65
    •    Completion of 10 years of creditable service or more, but with penalties at the age of 60
    Forms:

  • Annuities 403 (b)

    A 403(b) retirement plan  allows  RCSS employees to build retirement savings by setting aside a portion of their pay on a pre-tax basis. If you participate in a 403(b) retirement plan, you agree to have your RCSS take the money out of your earnings. You will choose where to invest your money from among the vendors listed.
     
     
    Retirement Manager
    What is Retirement Manager?
    Retirement Manager is convenient, secure, web-based access point from which you can manage your 403(b) retirement plan activities anytime and anywhere, 24 hours a day, seven days a week. You can use the Retirement Manager website to:
    • Learn about your retirement savings plan(s), including account balance information
    • Request loan and withdrawal certificates
    • Read financial planning educational articles and access financial calculators 
    To access the Retirement Manager, click here. 
     
     
    First time accessing Retirement Manager?
    If you are new to the Retirement Manager website, you will need to register by providing Retirement Manger with your employer name and some information about yourself. Please review the Retirement Manager Quick Reference Guide. 
     
    Resources: