January 7, 2013: Benefits Enrollment Important Information
Important Plan Updates to Teachers Retirement System
Important Plan Updates to Optional Retirement Plan
Effective January 1, 2013, the employee contribution requirement changed from 5% to 6%.
2012 Changes in Effective Dates of Medical Coverage
The Board of Regents has made changes to the effective dates of medical coverage for new hires. All other benefits (i.e. dental, vision, etc) will begin the first of the month following your hire date with an exception of retirement and basic life. Below is a summary of the 2012 changes.
GT Staff & Research Faculty (effective January 1, 2012):
GT Faculty (effective January 1, 2012):
As a reminder, new hires must complete their elections within 30 days of their hire date. If you have any questions about effective dates of medical coverage for new hires, please consult your unit HR Representative or the Benefits Team.
Georgia Tech offers a comprehensive benefits package designed to meet the diverse needs of our faculty and staff. Our benefits are competitive and are an important component of the total compensation package. Georgia Tech offers a robust choice of health and welfare plans including medical, dental, vision, flexible spending, disability and life insurance plans.
All Regular Faculty and Staff are required to participate in either the Teachers Retirement System (TRS) or the Optional Retirement Plan (ORP). In addition, we provide supplemental retirement plans to allow for additional savings opportunities.
Georgia Tech offers a rich holiday, sick and vacation pay program as well as other benefits to complete your benefits package.
Faculty and Staff have the opportunity to review their benefits each fall during the Annual Open Enrollment period. During this time, you can change your benefits for the following calendar year. Changes during the year are only allowed if you have a change in family status such as marriage, divorce or birth of a child.