Teachers Retirement System of Georgia (TRS) Board of Trustees held its bimonthly meeting on July 26, 2023. The TRS net position in June 2023 was $94,955,973,970. The board adopted the FY 2024 budget and the amended FY 2025 budget.
Financial Statement
TRS net position in May 2022 was $93,242,132,198
TRS net position in May 2023 was $91,102,494,861
TRS net position in June 2022 was $87,122,859,407
TRS net position in June 2023 was $94,955,973,970
Membership Report
There are currently 280,572 members in active status, 237,594 retirees and 148,063 members actively contributing.
In June 2023, there were 132,927 service retirees receiving an average of $3,572 a month with average years of service at 25.55 and average age at retirement of 60.
Return-to-Work
In FY 2022, TRS processed 12,832 retiree return-to-work applications. In FY 2023, that number rose to 14,396.
In FY 2022, there were 245 full-time return-to-work applications. In FY 2023, there were 626 full-time return-to-work applications.
The remaining retirees submitted applications for part-time or temporary return-to-work with part-time return-to-work representing the greatest volume each year.
Next TRS Meeting
The next TRS meeting will take place Sept. 27, 2023
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