Plan Data | Public Plans Data

Georgia Teachers Basics

Established 1943
Currently open to new hires
Plan covers teachers
Plan members covered by Social Security
Multiple employer, cost sharing plan

Assets, Participants, and Benefits

State and local government pension benefits are paid from trust funds to which public employees and their employers contributed while they were working, not from general operating revenues. Trust fund assets are invested and grow over time. The combined value of defined benefit plan assets held by state and local governments as of Q2 2022 decreased to $5.3 trillion, from $5.7 trillion as of Q2 2021 (Federal Reserve Flow of Funds, June 2023). PPD data covers the period from 2001 to the most recently available plan reports, and the historical charts presented in this page mirror the period for which PPD data are available.

Assets at Year-End, Georgia Teachers, 2001-2022

Fiscal Year	Net Assets (billions)
2001	39.66
2002	37.83
2003	39.22
2004	42.59
2005	45.28
2006	47.25
2007	53.13
2008	50.06
2009	42.48
2010	45.93
2011	54.08
2012	53.49
2013	58.59
2014	66.47
2015	66.80
2016	65.55
2017	71.34
2018	75.53
2019	78.79
2020	81.16
2021	102.15
2022	87.12

Source: Public Plans Database

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State and local employees make up around 10-15 percent of the US workforce. About a quarter of public sector workers are covered by a public pension in lieu of Social Security, including nearly half of all teachers and over two-thirds of firefighters and public safety officers. Public employees live in every city and county in the nation; more than 90 percent retire in the same jurisdiction where they worked. PPD data covers the period from 2001 to the most recently available plan reports, and the historical charts presented in this page mirror the period for which PPD data are available.

Number of Actives per Annuitant, 2001-2022

Fiscal Year	Georgia Teachers	US State and Local Pensions
2001	3.8	2.4
2002	3.7	2.3
2003	3.6	2.2
2004	3.2	2.1
2005	3.0	2.1
2006	2.9	2.0
2007	2.9	2.0
2008	2.9	1.9
2009	2.8	1.9
2010	2.6	1.8
2011	2.3	1.7
2012	2.2	1.6
2013	2.0	1.5
2014	1.9	1.4
2015	1.9	1.4
2016	1.8	1.4
2017	1.8	1.4
2018	1.8	1.3
2019	1.7	1.3
2020	1.7	1.3
2021	1.6	1.2
2022	1.6	1.2

Source: Public Plans Database

National data averages are weighted by plan size.

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2022 Membership for Georgia Teachers

Actives	Beneficiaries	Total Membership
230,326	144,043	504,156

Source: Public Plans Database

Costs

The Annual Required Contribution (ARC) is the amount needed to finance benefits accrued each year, plus the cost to amortize unfunded liabilities from past years, minus required employee contributions. It is a projection that matches a yearly payment amount to a particular amortization period, taking into consideration an assortment of assumptions adopted by the plan. In practice, all plans do not calculate the ARC in the same manner. Assumptions used to calculate the ARC reflect actual plan experience, including investment return , actuarial cost, salary growth, total payroll growth and mortality, as well as an adopted amortization method. These assumptions and methods will differ from one plan another, so caution should be taken when comparing ARC between plans. PPD data covers the period from 2001 to the most recently available plan reports, and the historical charts presented in this page mirror the period for which PPD data are available.

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for Georgia Teachers, 2001-2022

Fiscal Year	Portion of Employer ARC paid	US Avg Employer ARC	ARC as a Percent of Payroll
2001	11.1	5.9	11.1
2002	9.4	5.6	9.4
2003	9.3	6.3	9.3
2004	9.7	7.8	9.7
2005	9.9	9.5	9.9
2006	9.7	10.5	9.7
2007	9.8	11.4	9.8
2008	9.7	11.9	9.7
2009	9.6	12.1	9.6
2010	10.1	14.7	10.1
2011	10.8	16.7	10.8
2012	10.8	17.7	10.8
2013	11.9	19.0	11.9
2014	12.7	19.8	12.7
2015	13.6	20.2	13.6
2016	14.7	20.3	14.7
2017	14.6	20.4	14.6
2018	17.2	20.9	17.2
2019	21.6	21.2	21.6
2020	21.5	20.5	21.5
2021	19.6	21.6	19.6
2022	20.4	21.5	20.4

Note: The employer's annual required contribution as a percent of payroll is calculated by dividing the dollar amount reported in the schedule of employer contributions by the covered payroll reported in the schedule of funding. The U.S. Average Employer data reflects the average for plans of similar type and social Security coverage to the plan.

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

While funded ratios among pension plans vary substantially, in the aggregate, public pension funding levels rose steadily during the 1990s, due largely to strong returns in global equity markets. Since then, sharp market downturns in 2000-02 and 2008-09 negatively affected asset values and increased unfunded pension liabilities and required contributions. A combination of the market downturns, insufficient contributions (for some plans), and increased benefit levels (also for some plans) resulted in a decline in aggregate funding level between 2001 and 2012, and has since remained relatively stable.

Actuarial Funded Ratio for Georgia Teachers, 2001-2022

Fiscal Year	Georgia Teachers	National Data
2001	103.9	101.7
2002	102.0	94.8
2003	101.1	89.0
2004	100.9	87.2
2005	98.0	85.4
2006	96.5	85.3
2007	94.7	86.3
2008	91.9	84.4
2009	98.5	78.4
2010	85.7	75.7
2011	84.0	74.3
2012	82.3	72.3
2013	81.1	71.9
2014	81.9	73.2
2015	79.1	73.2
2016	74.3	71.6
2017	74.2	72.1
2018	77.4	72.4
2019	76.7	72.5
2020	76.2	72.7
2021	81.3	76.2
2022	80.4	77.1

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

The major asset allocation classes presented in the PPD are generated from the specific asset classes that plans report. For consistent reporting in the PPD, the individual asset classes reported by plans are categorized as one of eight major asset classes: equity, fixed income, real estate, private equity, hedge funds, commodities, misc. alternative assets, cash, and other. For more details on the PPD allocation data please see documentation.

Asset Allocation for Georgia Teachers, 2022

Category	Percent
Equities	71.1
Fixed Income	28.6
Private Equity	0.3
Real Estate	0.0
Cash	0.0
Other	0.0
Commodities	0.0
Hedge Fund	0.0
Misc. Alternatives	0.0

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2022

Category	Percent
Equities	42.7
Fixed Income	20.8
Private Equity	13.0
Real Estate	10.2
Cash	2.1
Other	0.6
Commodities	2.3
Hedge Fund	6.5
Misc. Alternatives	1.8

Note: The most recent year of data contains virtually all the plans in the PPD.

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Georgia Teachers, 2001-2022

Fiscal Year	Equities	Fixed Income	Private Equity
2001	56.9	43.1	0.0
2002	53.9	46.1	0.0
2003	51.5	48.5	0.0
2004	59.4	40.6	0.0
2005	60.4	39.6	0.0
2006	61.2	38.8	0.0
2007	62.5	37.5	0.0
2008	58.8	41.2	0.0
2009	57.0	43.0	0.0
2010	63.7	36.3	0.0
2011	72.3	27.7	0.0
2012	71.0	29.0	0.0
2013	73.5	26.5	0.0
2014	72.9	27.1	0.0
2015	71.2	28.8	0.0
2016	68.6	31.4	0.0
2017	70.9	29.1	0.0
2018	69.4	30.6	0.0
2019	70.2	29.8	0.0
2020	70.8	29.2	0.0
2021	73.8	26.1	0.1
2022	71.1	28.6	0.3

Source: Public Plans Database

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Annual Return as of June 30 for Georgia Teachers, 2001-2022

Fiscal Year	Georgia Teachers	Assumed return
2001	-5.08	7.25
2002	-4.00	7.25
2003	4.60	7.50
2004	9.90	7.50
2005	7.90	7.50
2006	6.00	7.50
2007	14.60	7.50
2008	-3.40	7.50
2009	-13.06	7.50
2010	11.09	7.50
2011	21.27	7.50
2012	2.16	7.50
2013	13.28	7.50
2014	17.17	7.50
2015	3.70	7.50
2016	1.40	7.50
2017	12.50	7.50
2018	8.90	7.25
2019	6.80	7.25
2020	5.42	7.25
2021	29.19	6.90
2022	-12.78	6.90

Note: The PPD average is for plans with a similar fiscal year end (FYE) date to the plan presented on this page. The FYE date for the majority of plans is either June 30th or December 31st. Those with FYE dates that do not fall on either of those two dates are compared with the June 30th plans. The PPD average return includes plans that report gross returns and returns net of fees.

Source: Public Plans Database

National data averages are weighted by plan size.

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Annualized 5-Year Return

Georgia Teachers	PPD Sample
6.7	7.8

Annualized 10-Year Return

Georgia Teachers	PPD Sample
8.1	8.5

Cash Flows

Cash Flow vs. Total Assets (Millions)
Georgia Teachers
2001-2022

Fiscal Year	Cash Flow	Assets
2001	-45.2	39,662.6
2002	-220.7	37,831.4
2003	-282.7	39,218.5
2004	-425.2	42,588.1
2005	-588.9	45,278.7
2006	-723.4	47,246.3
2007	-905.6	53,133.1
2008	-1,293.9	50,063.6
2009	-1,012.6	42,478.6
2010	-1,224.6	45,925.5
2011	-1,436.4	54,084.2
2012	-1,687.9	53,487.1
2013	-1,830.7	58,594.8
2014	-1,955.5	66,466.1
2015	-2,023.4	66,799.1
2016	-2,057.3	65,552.4
2017	-2,183.1	71,341.0
2018	-2,027.5	75,532.9
2019	-1,716.4	78,788.9
2020	-1,747.0	81,161.6
2021	-2,207.6	102,146.7
2022	-2,253.3	87,122.9

Source: Public Plans Database

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2022 Cash Flows for Georgia Teachers (millions)

Inflows	Outflows	Investment Gains (losses)	Change in Net Assets
3,550.1	5,803.4	-12,770.6	-15,023.8

Source: Public Plans Database

Note: The PPD average is for plans with a similar fiscal year end (FYE) date to the plan presented on this page.

Cash Flow as a Percentage of Assets
Georgia Teachers
2001-2022

Fiscal Year	Georgia Teachers	National Average
2001	-0.1	-2.0
2002	-0.6	-2.4
2003	-0.7	-2.6
2004	-1.0	-1.8
2005	-1.3	-2.2
2006	-1.5	-2.2
2007	-1.7	-2.0
2008	-2.6	-2.2
2009	-2.4	-3.1
2010	-2.7	-3.2
2011	-2.7	-3.0
2012	-3.2	-3.2
2013	-3.1	-3.1
2014	-2.9	-2.9
2015	-3.0	-2.7
2016	-3.1	-2.9
2017	-3.1	-2.8
2018	-2.7	-2.4
2019	-2.2	-2.4
2020	-2.2	-2.3
2021	-2.2	-2.0
2022	-2.6	-1.9

Note: The PPD average is for plans with a similar fiscal year end (FYE) date to the plan presented on this page.

Source: Public Plans Database

National data averages are weighted by plan size.

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2022 Financial Reports

Benefits

Website for Georgia Teachers benefit descriptions.

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Plan Data: Georgia Teachers

Georgia Teachers Basics

Assets, Participants, and Benefits

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2022 Membership for Georgia Teachers

Costs

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Actuarial Funding

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Investments

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Annualized 5-Year Return

Annualized 10-Year Return

Cash Flows

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2022 Cash Flows for Georgia Teachers (millions)

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2022 Financial Reports

Benefits

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