The economic impact of teachers pensions in Georgia

Retirement Payments by County of Residence

Number of FY17 Total County Retirees Gross Pay

Appling

297

Atkinson

92

Bacon

143

Baker

33

Baldwin

772

Banks

206

Barrow

679

Bartow

987

Ben Hill

272

Berrien

244

Bibb

1,886

Bleckley

274

Brantley

143

Brooks

187

Bryan

323

Bulloch

1,364

Burke

274

Butts

287

Calhoun

123

Camden

386

Candler

160

Carroll

1,806

Catoosa

477

Charlton

90

Chatham

2,887

Chattahoochee 32

Chattooga

309

Cherokee

2,157

Clarke

3,245

Clay

54

Clayton

1,223

Clinch

103

Cobb

5,762

Coffee

521

Colquitt

578

Columbia

2,328

Cook

213

Coweta

1,381

Crawford

208

Crisp

327

$ 11,051,086 3,371,895 5,125,016 1,055,668 27,342,811 6,817,685 22,538,356 34,581,503 9,511,355 8,477,200 68,302,152 9,498,766 5,137,938 6,581,009 10,563,472 49,886,805 8,990,922 10,664,527 4,028,838 13,838,979 5,235,065 65,033,956 16,248,069 3,519,674
103,720,452 1,105,583 10,390,517 80,032,456
140,968,023 2,020,784 45,648,312 4,324,728
217,979,064 18,696,904 20,728,574 84,745,991 7,427,293 51,509,384 7,390,780 11,890,464

Number of FY17 Total County Retirees Gross Pay

Dade Dawson Decatur DeKalb Dodge Dooly Dougherty Douglas Early Echols Effingham Elbert Emanuel Evans Fannin Fayette Floyd Forsyth Franklin Fulton Gilmer Glascock Glynn Gordon Grady Greene Gwinnett Habersham Hall Hancock Haralson Harris Hart Heard Henry
Houston Irwin Jackson Jasper Jeff Davis

122 314 360 5,949 264 130 1,663 969 193
8 432 301 379 141 364 1,769 1,403 1,052 374 7,171 408
42 1,312
562 289 293 4,653 627 1,934 147 356 409 291 100 1,851 1,413 109 1,038 193 152

$ 3,833,167 13,015,106 13,029,312 255,434,215 9,428,353 4,672,384 64,131,685 35,173,086 6,882,556 275,900 12,937,167 9,844,198 13,857,205 4,901,605 13,497,414 70,929,400 53,901,357 38,347,025 13,514,237 316,822,791 15,204,880 1,315,086 50,172,894 19,364,938 10,520,357 12,537,522 176,063,464 22,027,663 76,174,566 4,377,407 11,884,290 15,173,598 11,668,253 3,005,428 68,444,029 53,619,812 3,962,001 37,515,435 6,849,511 5,774,214

Retirement Payments by County of Residence

County

Number of FY17 Total Retirees Gross Pay

County

Number of FY17 Total Retirees Gross Pay

Jefferson Jenkins Johnson Jones Lamar Lanier Laurens Lee Liberty Lincoln Long Lowndes Lumpkin Macon Madison Marion McDuffie McIntosh Meriwether Miller Mitchell Monroe Montgomery Morgan Murray Muscogee Newton Oconee Oglethorpe Paulding Peach Pickens Pierce Pike Polk
Pulaski Putnam Quitman Rabun Randolph

214 128 125 232 237
75 720 307 324 163
60 1,672
481 161 801
86 317 183 243
87 268 296 143 369 344 2,580 836 1,250 290 670 603 641 275 264 486 150 369
37 279
93

$ 7,348,689 4,312,501 4,442,747 8,603,874 8,574,247 2,377,568 26,308,972 11,056,344 11,176,762 6,148,478 1,870,790 59,865,859 18,016,141 5,307,271 23,638,539 2,718,770 11,307,686 6,254,442 8,861,772 3,068,108 8,993,343 10,802,054 5,071,403 14,453,498 13,089,556 94,383,910 30,594,773 53,094,326 9,483,316 21,833,731 23,182,364 25,442,675 8,961,307 8,839,133 18,362,004 5,428,660 14,272,203 1,280,065 11,697,613 3,387,147

Richmond Rockdale Schley Screven Seminole Spalding Stephens Stewart Sumter Talbot Taliaferro Tattnall Taylor Telfair Terrell Thomas Tift Toombs Towns Treutlen Troup Turner Twiggs Union Upson Walker Walton Ware Warren Washington Wayne Webster Wheeler White
Whitfield Wilcox Wilkes Wilkinson
Worth Outside GA

2,850 835 57 230 134 886 422 76 521 83 22 203 117 190 128 738 845 365 249 102 797 182 79 394 376 602
1,155 567 60 275 391 26 94 472
943 153 175 133
227
11,086

$ 94,627,293 31,330,627 1,839,742 7,892,432 4,720,756 31,490,679 15,767,739 2,628,198 20,138,469 2,341,014 667,564 7,097,101 4,291,674 6,658,763 4,485,031 26,658,909 30,782,365 13,560,700 9,488,223 3,487,860 29,956,101 5,910,323 2,954,818 15,244,543 13,116,360 20,181,978 42,175,113 20,788,957 2,085,473 9,949,906 13,082,513 846,521
3,650,650 17,459,408 35,687,736 5,816,998 6,090,232 4,306,501
7,880,589
494,006,197

TOTALS

122,629 $ 4,461,124,000

The Economic Impact of Teachers Pensions
in Georgia
404-352-6500 www.trsga.com

TRS at a Glance
For the first time in history, TRS has
exceeded $76 billion in Net Assets.
Top $76 10
1/3rd billion trustees

The Multiplier Effect
Pensions generate spending and the economic impact of retired educators throughout Georgia is significant. Each $1 in state and local pension benefits paid to Georgia residents ultimately supports $1.43* in total output in the state. This "multiplier" incorporates the direct, indirect, and induced impacts of retiree spending, as it ripples through the state economy.

Economic Impact of Retired Educators
In fiscal year 2017, TRS paid $4.5 billion to its retirees. TRS pension benefits helped create more than 54,000 jobs in Georgia. These pension benefits supported approximately $6.65 billion in total economic output.

At 79.3%, the TRS funding ratio is ranked in the Top 1/3rd of all pension
systems in the U.S.

Administered by Board of Trustees 5 Governor Appointees 2 Ex-Officio 1 Board of Regents 2 Trustee Appointees

Member Stats as of 12/31/2017
28 years .............................................................Average benefit of all retirees 222,918 .................................................................Number of active members 59 years ..................................................................Average age at retirement 30.5 years ............................................Average years of service at retirement 7,000 .......................................................Average number of retirees per year 122,629 ................................................................Number of retired members $3,213/mo or $38,556/year ............................Average benefit for all retirees $4.5 billion ...............................Benefits paid to all retirees in fiscal year 2017

*www.nirsonline.org

Did you know...
investment income
accounts for the majority
of a member's pension income?