What is the retirement plan for State of Georgia employees?
The State of Georgia offers a variety of retirement plans for its employees. The main plan for most employees is the Georgia Optional Retirement Program (ORP), a defined contribution plan that is administered by the Georgia Defined Contribution Plan Board. The plan allows employees to choose between a variety of investments, including mutual funds, annuities, and accounts managed by a third-party. The plan also offers a range of employer-matching contributions. In addition, some employees may also be eligible for the State of Georgia Teacher Retirement System (TRS), a defined benefit plan.
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