The economic impact of teachers pensions in Georgia, 2020

Retirement Payments by County of Residence

County

Number

Number

Number of FY20 Total of Active

Number of FY20 Total of Active

Retirees Gross Pay MembersCounty Retirees Gross Pay Members

Appling

346

Atkinson

96

Bacon

180

Baker

54

Baldwin

829

Banks

209

Barrow

801

Bartow

1,145

Ben Hill

286

Berrien

269

Bibb

1,992

Bleckley

323

Brantley

194

Brooks

257

Bryan

361

Bulloch

1,576

Burke

338

Butts

283

Calhoun

106

Camden

486

Candler

205

Carroll

1,962

Catoosa

653

Charlton

108

Chatham

3,241

Chattahoochee 31

Chattooga

334

Cherokee

2,723

Clarke

3,397

Clay

60

Clayton

1,541

Clinch

115

Cobb

6,877

Coffee

594

Colquitt

679

Columbia

2,503

Cook

256

Coweta

1,687

Crawford

208

Crisp

348

$ 12,885,085 3,599,280 6,499,138 1,828,138 29,630,420 7,147,931 26,848,868 40,384,067 9,546,641 8,983,020 72,800,338 10,721,555 6,579,666 8,686,815 11,534,207 57,762,453 11,005,920 10,408,774 3,715,469 16,835,843 6,788,082 70,445,923 21,956,250 3,739,147
118,135,246 $1,139,647 11,220,165 101,013,998 149,139,534 2,336,489 54,151,787 4,496,484 262,900,970 21,510,983 24,428,501 92,006,837 $8,852,775 63,387,240 6,902,160 13,089,605

531 200 304 68 1,547 435 2,453 2,414 410 529 3,122 444 443 307 1,301 3,531 637 519 113 1,149 311 3,714 1,580 191 6,541 83 440 6,909 7,517 50 5,563 185 17,867 1,109 1,165 4,956 485 3,895 235 435

Dade

136

Dawson 313

Decatur 382

DeKalb 6,681

Dodge

315

Dooly

157

Dougherty 1,659

Douglas 1,060

Early

236

Echols

46

Effingham 587

Elbert

334

Emanuel 428

Evans

169

Fannin

449

Fayette 2,027

Floyd

1,649

Forsyth 1,727

Franklin 386

Fulton 6,892

Gilmer

515

Glascock 33

Glynn 1,517

Gordon 639

Grady

358

Greene

345

Gwinnett 6,099

Habersham 684

Hall

2,567

Hancock 205

Haralson 398

Harris

637

Hart

464

Heard

137

Henry 2,124

Houston 1,776

Irwin

175

Jackson 1,128

Jasper

219

Jeff Davis 178

$ 4,364,037 12,562,001 13,854,111 290,494,765 10,841,539 5,660,116 64,189,457 38,153,541 8,946,255 1,362,756 17,766,485 10,934,589 15,797,815 5,627,639 16,641,615 83,220,583 64,261,010 64,657,731 14,162,766 303,498,886 19,270,908 $1,022,828 60,144,686 23,041,223 13,353,333 14,848,730 224,876,402 25,286,006 101,354,763 6,318,312 13,639,221 24,061,882 17,904,883 4,171,533 79,032,450 65,090,594 6,514,377 40,479,806 7,892,340 6,597,799

225 670 673 16,655 538 171 2,396 3,752 295 80 1,812 490 697 291 411 3,356 2,246 5,885 597 19,749 556 80 1,969 1,255 606 366 21,386 1,084 4,979 231 856 1,106 524 252 7,473 4,631 309 2,795 382 392

*number of active members who reside outside Georgia, but work for a TRS employer

Retirement Payments by County of Residence

Number

Number

Number of FY20 Total of Active

Number of FY20 Total of Active

County Retirees Gross Pay Members County Retirees Gross Pay Members

Jefferson 243

Jenkins

145

Johnson

139

Jones

422

Lamar

274

Lanier

105

Laurens

809

Lee

457

Liberty

393

Lincoln

197

Long

84

Lowndes 1,760

Lumpkin 612

Macon

182

Madison 879

Marion

106

McDuffie 362

McIntosh 210

Meriwether 291

Miller

101

Mitchell

294

Monroe

455

Montgomery 171

Morgan

433

Murray

406

Muscogee 2,656

Newton

977

Oconee 1,583

Oglethorpe 522

Paulding 1,142

Peach

513

Pickens

734

Pierce

305

Pike

336

Polk

515

Pulaski

159

Putnam

446

Quitman

29

Rabun

349

Randolph 125

$ 8,350,798 5,222,896 4,872,157 15,822,784 9,852,791 3,617,299 30,444,577 16,426,937 12,706,126 7,605,478 2,496,798 63,394,950 22,227,176 5,934,667 26,407,876 3,142,324 12,999,301 7,253,482 10,508,294 3,530,619 9,980,911 17,087,535 6,489,039 17,336,392 15,418,753 97,001,576 34,780,770 70,804,657 16,698,027 37,157,038 20,061,567 29,299,438 10,430,464 11,757,120 19,784,872 5,853,638 17,349,621 862,329 14,674,641 4,369,557

344 224 213 833 496 226 1,275 1,151 1,192 199 407 3,532 1,141 227 1,417 146 514 259 339 149 520 630 275 671 779 3,999 3,213 2,779 692 4,977 654 711 579 603 928 200 593 22 333 210

Richmond 3,319 112,249,150

Rockdale

982 36,974,568

Schley

65 2,018,864

Screven

270 9,381,006

Seminole

166 5,690,895

Spalding

986 36,076,575

Stephens

405 15,230,831

Stewart

81 2,868,986

Sumter

582 22,143,015

Talbot

106 3,247,318

Taliaferro

21

702,853

Tattnall

230 7,965,274

Taylor

132 5,024,032

Telfair

187 6,843,409

Terrell

145 5,164,783

Thomas

759 28,552,201

Tift

916 34,186,635

Toombs

392 14,072,179

Towns

275 10,988,012

Treutlen Troup Turner Twiggs Union Upson Walker Walton Ware Warren Washington Wayne Webster Wheeler White
Whitfield Wilcox Wilkes

117 916 178 99 467 450 659 1,194 583 77 309 450 37 105 549 1,049 156 192

3,915,351 33,911,525 5,943,635 3,214,006 17,932,051 15,579,108 21,859,772 43,818,370 21,379,025 2,622,218 11,325,628 14,891,778 1,357,479 4,099,425 20,880,928 40,513,136 6,063,508 6,637,851

Wilkinson 145 4,806,766

Worth

297 10,370,433

Outside GA

614,819,593

Total Gross Pay $ 5,192,282,664

4,714 2,754
161 407 183 1,398 562 71 861 121 21 562 199 259 185 1,170 1,515 707 216 175 1,510 241 138 467 691 1,266 2,643 919 125 511 755 61 139 683 2,063 179 245 216
465

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

TRS at a Glance
TRS exceeded $81 billion
in Net Assets.

Top $81 10
1/3rd billion trustees

At 76.7% as of 06/30/19, 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

Economic Impact of Retired Educators
IN FISCAL YEAR 2020:
TRS paid $5.19 billion to its retirees
$1.84 billion supported local economies, jobs, and businesses throughout Georgia
Pension benefits contributed to $7.48 billion in total economic output

The Multiplier Effect
Spending generated by TRS pensions have a significant economic impact throughout the state of Georgia. This "multiplier" incorporates the direct, indirect, and induced impacts of retiree spending, as it ripples through the state economy.

Member Stats as of 06/30/201290
231,047 .................................................................Number of active members 59 years ..................................................................Average age at retirement 25.76 years ...............Average service credit at retirement for service retirees 88% .....................................................................TRS retirees living in Georgia 6,890 ...........................................................Number of retirees this fiscal year 135,649 ................................................................Number of retired members $3,190/mo or $38,280/year ............................Average benefit for all retirees

Each $1 in state and local pension benefits paid to Georgia residents ultimately supports
$1.44* in total output in the state.

*based on a pension study by www.nirsonline.org

Did you know...
the majority of TRS' pension funding comes from investment income?

INVESTMENT INCOME $20,589.19*

54%

36% 10%

EMPLOYER CONTRIBUTIONS $13,688.21*
STATE FUNDS ( 19%) $7,391.63* FEDERAL, LOCAL & OTHER (17%) $6,296.57*
EMPLOYEE CONTRIBUTIONS $4,002.60*

*Based on the average annual benefits TRS Members received in 2020.