The economic impact of teachers pensions in Georgia, 2018

Retirement Payments by County of Residence

Number of FY18 Total County Retirees Gross Pay

Appling

322

Atkinson

100

Bacon

143

Baker

34

Baldwin

817

Banks

171

Barrow

744

Bartow

1,080

Ben Hill

287

Berrien

261

Bibb

2,109

Bleckley

291

Brantley

156

Brooks

198

Bryan

365

Bulloch

1,409

Burke

253

Butts

314

Calhoun

131

Camden

427

Candler

173

Carroll

1,947

Catoosa

522

Charlton

99

Chatham

2,993

Chattahoochee 34

Chattooga

330

Cherokee

2,410

Clarke

3,392

Clay

62

Clayton

1,287

Clinch

112

Cobb

6,298

Coffee

554

Colquitt

617

Columbia

2,486

Cook

224

Coweta

1,508

Crawford

74

Crisp

337

$ 11,939,633 3,519,126 5,221,232 1,101,565 28,947,881 5,749,762 24,559,080 36,869,529 10,000,272 8,909,745 75,646,473 9,888,004 5,364,427 6,766,001 11,367,565 51,161,577 8,373,856 11,399,461 4,197,967 14,766,511 5,392,203 69,770,588 17,261,208 3,534,186
107,483,545 1,172,304 10,792,937 87,437,775
147,233,934 2,366,566 46,961,682 4,218,655
236,217,229 19,806,812 22,114,775 90,270,821 7,737,935 55,593,636 2,328,040 12,187,340

Number of FY18 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

126 333 370 6,622 276 140 1,711 1,025 197
9 539 318 442 153 384 1,897 1,494 1,165 400 7,006 442
41 1,386
595 305 291 5,145 665 2,128 147 344 596 310 112 2,031 1,538 115 1,181 251 163

$ 4,044,040 13,710,391 13,240,089 281,826,605 9,882,848 5,009,916 65,393,944 36,267,585 7,301,058 287,759 15,276,429 10,209,676 15,799,378 5,156,937 14,291,159 75,249,951 56,577,024 41,976,847 14,699,304 306,084,718 16,259,901 1,272,391 53,214,819 20,927,369 11,068,899 12,415,520 186,139,982 23,620,476 82,550,631 4,478,195 11,623,279 21,511,607 12,213,927 3,249,861 73,222,264 56,293,859 4,007,925 42,072,355 8,984,040 5,830,551

Retirement Payments by County of Residence

County

Number of FY18 Total Retirees Gross Pay

Number of FY18 Total County 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

230 125 137 241 252
81 761 336 355 173
66 1,730
505 163 809 120 336 190 263
95 280 307 152 387 361 2,555 842 1,337 337 755 612 681 278 275 517 163 381
29 295 101

$ 7,961,550 4,378,742 4,839,517 8,993,719 8,929,196 2,567,402 27,675,704 11,835,270 11,652,350 6,601,890 2,006,059 61,280,688 18,822,273 5,490,858 23,915,877 3,511,993 12,028,765 6,679,472 9,162,277 3,259,138 9,449,835 11,339,800 5,278,351 15,083,321 13,821,571 92,192,707 29,997,157 56,935,995 10,858,953 23,971,926 23,509,690 26,613,650 9,077,551 9,499,620 19,390,596 5,863,816 14,730,014 924,122 12,463,615 3,589,096

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

2,927 886 63 246 153 930 438 80 546 54 20 213 127 195 132 782 904 394 258 106 836 184 87 431 395 638
1,303 585 65 290 412 28 102 501
988 156 184 150
242
15,115

$ 97,784,112 32,758,482 1,997,665 8,945,150 5,544,266 32,394,255 16,342,884 2,800,096 20,821,911 1,760,997 662,540 7,279,120 4,635,102 6,826,047 4,615,543 27,948,390 32,773,740 14,707,292 10,091,952 3,535,819 30,835,889 6,009,768 2,943,785 16,500,946 13,759,543 21,344,417 46,226,067 21,277,027 2,203,215 10,313,955 13,623,200 957,926
3,932,814 18,462,808 37,278,128 5,908,874 6,186,803 4,888,947
8,513,258
529,468,083

TOTALS

127,223 $ 4,699,920,191

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

TRS at a Glance
TRS exceeded $75.6 billion in Net Assets.
Top $75.6 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 $1.48* 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 2018, TRS paid $4.7 billion to its retirees. TRS pension benefits helped create more than 57,000 jobs in Georgia. These pension benefits supported approximately $6.91 billion in total economic output.

At 74.2%, 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 10/31/2018
272,059 .................................................................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 128,268 ................................................................Number of retired members $3,298/mo or $39,576/year ............................Average benefit for all retirees $4.7 billion ...............................Benefits paid to all retirees in fiscal year 2018

*www.nirsonline.org

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