15,000 retired teachers to receive back pay - WALB.com, South Georgia News, Weather, Sports

15,000 retired teachers to receive back pay

By Cade Fowler - bio | email

Atlanta, GA (WALB) - Good news for hundreds of retired Georgia school teachers  - a lawsuit against the Teacher Retirement System of Georgia was settled in court Monday and now thousands of retired educators will be receiving 6 years of back pay.

The class action lawsuit, which had been in the works for 5 years, will result in a lump sum payment awarded to 15,000 retired teachers or their beneficiaries.

An agreement was reached between TRS Georgia and the lead plaintiffs in the case, Larrie Grant Plymel and Connie Monroe, in Fulton Superior Court. The suit contested that Teacher Retirement System Georgia, which has more than $40 billion dollars in retirement funds, miscalculated retirement benefits.

The payout will come in a lump sum and will be awarded to school employees that retired between August 1, 1983 and February 3, 2003. Those back payments will cover a span of 6 years, between April of 1998 and April 2004, before the lawsuit was filed.

The exact amount of how much money will be awarded to each person will take about 60 days to calculate.

This is not the only lawsuit that has been field recently against TRS Georgia. Two similar suits are pending against the system. An attorney who represented the plaintiffs in this case said that the ruling will result in a substantial recovery for the majority of class members.

Feedback


©2009 WALB News. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Thomasville celebrates 97th annual Rose Show & Festival

    Thomasville celebrates 97th annual Rose Show & Festival

    Thursday, April 26 2018 2:46 PM EDT2018-04-26 18:46:31 GMT
    The Rose Show and Festival is a celebration of Thomasville's rosy history and heritage. (Source: WALB)The Rose Show and Festival is a celebration of Thomasville's rosy history and heritage. (Source: WALB)
    (Source: WALB)(Source: WALB)

    The Rose Show and Festival is a celebration of Thomasville's rosy history and heritage. It's now the 97th year the show has been held in the City of Roses.The Rose Show started in Thomasville in 1922, and vegetables, not roses, can be given credit for its beginning.

    More >>

    The Rose Show and Festival is a celebration of Thomasville's rosy history and heritage. It's now the 97th year the show has been held in the City of Roses.The Rose Show started in Thomasville in 1922, and vegetables, not roses, can be given credit for its beginning.

    More >>
  • Thomasville crews keep rose garden beautiful

    Thomasville crews keep rose garden beautiful

    Thursday, April 26 2018 2:44 PM EDT2018-04-26 18:44:16 GMT
    (Source: WALB)(Source: WALB)
    (Source: WALB)(Source: WALB)

    When many visitors come to Thomasville, they love to stop by the beautiful rose garden. The garden is located off Covington Avenue and is maintained by the city.

    More >>

    When many visitors come to Thomasville, they love to stop by the beautiful rose garden. The garden is located off Covington Avenue and is maintained by the city.

    More >>
  • Thomasville parade to focus on volunteer work

    Thomasville parade to focus on volunteer work

    Thursday, April 26 2018 2:42 PM EDT2018-04-26 18:42:00 GMT
    The Rose Show parade is centered around that, with the theme, "Helping Hands: A Celebration of Community Volunteers." (Source: WALB)The Rose Show parade is centered around that, with the theme, "Helping Hands: A Celebration of Community Volunteers." (Source: WALB)
    (Source: WALB)(Source: WALB)

    Folks in Thomasville said volunteer work is the backbone of the community. Volunteering stretches back to Thomasville's inception when local churches first provided a support network for early Thomas County settlers.

    More >>

    Folks in Thomasville said volunteer work is the backbone of the community. Volunteering stretches back to Thomasville's inception when local churches first provided a support network for early Thomas County settlers.

    More >>
Powered by Frankly