Retirement Benefits

Retirement Benefits - Smiling retired couple outside looking at a picture on camera.

Required Retirement Plans

All employees are required by an Act of the General Assembly of the State of Georgia to participate in a retirement program. The retirement options you have are determined by your non-exempt status. In addition to one of the required plans, Georgia Tech offers supplemental retirement saving plans. Your retirement plan selection is irrevocable.

Plan
Teacher's Retirement System (TRS)
Optional Retirement System (ORP)
Georgia Defined Contribution Plan (GDCP)
Eligiblility
Regular faculty or staff working at least 50% or greater
Regular faculty or staff working paid monthly (exempt status) Temporary, seasonal, or part-time employees (non-exempt)
Employee Contribution
Required 6% (fixed, cannot increase or decrease) Required 6% (fixed, cannot increase or decrease)  
Employer Contribution
16.81% 9.24% 7.5%
Vesting
10-year period Immediate  
Notes
Allows 2% per year income replacement and disability retirement at 10 years of service (any age) Service is provided through VALIC, Fidelity, or TIAA Only provides coverage for Medicare — not Social Security
Selection
Eligible employees default into this plan If you do not wish to default into TRS, access one of the above vendor's websites to create an account. Email account confirmation to retirement@gatech.edu.   

Supplemental Retirement Plans

Employees have the option to enroll in a supplemental retirement savings plan, in addition to their required retirement savings plan. Two plans options are provided through VALIC, Fidelity, and TIAA and are open to temporary and regular faculty and staff. You may start, stop, or modify contributions at any time. 

Plan
403(b) Tax Sheltered Annuity 
457(b) Deferred Compensation Plan
Type
A Roth 403(b) is available for after-tax contributions Contributions to a 457(b) are pre-tax.
Employee Contribution
Employees may contribute up to $18,000 pre-tax for 2017 (additional $6,000 for age 50 and over) Employees may contribute up to $18,000 pre-tax for 2017 (additional $6,000 for age 50 and over)
Establish Your Plan
To begin contributing to a 403(b), contact retirement@ohr.gatech.edu. The retirement team will alert you when you have been given access to Retirement Manager. To begin contributing to a 457(b), contact retirement@ohr.gatech.edu. The retirement team will alert you when you have been given access to Retirement Manager.
Accessing your Supplemental Savings Plan
  1. To establish your account, email retirement@ohr.gatech.edu.
  2. The retirement team will alert you once you have been given access to Retirement Manager. Use the access instructions to create an account:
    1. Select "New User" (under the USER ID box) [You must create an account for Retirement Manager. This is not your GT account login or retirement plan login.]
    2. The system will provide step-by-step instructions. 
    3. As part of the process, you will select a vendor and create your Retirement Manager supplemental savings account.
  3. Once the account has been established, you may start, stop, or change your contributions on a monthly basis. 
  4. Please note, the Human Resources retirement team does not adjust contributions on your behalf. However, they can assist you with personal data. 

Fidelity

Andrea N. Leota
Andrea.Leota@fmr.com
404-330-4815

On demand appointments: 800-603-4015
Fidelity service team:  800-343-0860

Enroll Now: Supplemental Savings Plan
Enroll Now: Optional Retirement Plan (ORP)

TIAA

Sarah Mvula
smvula@tiaa.org
770.512.3531

James F. Hogan
​jhogan@tiaa-cref.org
770.512.3508

Enroll Now

VALIC

Michael Beuttel
michael.beuttel@valic.com
770-395-4706 or 770-428-5158

Joe Okraski
joe.okraski@valic.com
678-522-6866

Enroll Now