About Macon State
The TRS is a defined benefit plan. Benefits to employees or survivors benefits for beneficiaries of employees depend upon age, length of service, and salary. Permanent disability retirement is available at any age if the member has 9.5 years of service.
Up to five years' credit may be obtained for active duty service in the armed forces of the United States. After six years of Georgia service, credit may be purchased for out-of-state teaching in public schools or colleges. The formula for the purchase of out-of-state credit after the sixth year is one year of out-of-state service for every additional year of Georgia service, up to a maximum of ten years. Service may also be purchased for teaching in public schools of Georgia, state of Georgia employment, maternity leave, and study leave.
Employees who leave the College before retirement are advised to investigate their options regarding TRS funds. All withdrawals of funds are subject to have 20% of gross amount withheld for federal income tax. Consideration should be given to tax penalties that may be imposed on certain early withdrawals. Rollovers are not subject to tax withholding or penalties.