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This document serves as a formal election for teachers in Georgia to discontinue their monthly contributions to the Teachers Retirement System upon completion of forty years of service.
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How to fill out Election to Discontinue Monthly Contributions

01
Obtain the Election to Discontinue Monthly Contributions form from your company or organization.
02
Fill in your personal details, including your name, address, and account number.
03
Indicate the specific monthly contributions you wish to discontinue.
04
Review the terms and conditions associated with discontinuing your contributions.
05
Sign and date the form to validate your request.
06
Submit the completed form to the appropriate department or contact person as instructed.

Who needs Election to Discontinue Monthly Contributions?

01
Individuals who are currently making monthly contributions to a retirement plan, health savings account, or similar programs and wish to stop those contributions.
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Election to Discontinue Monthly Contributions is a formal process that allows individuals to stop their scheduled monthly contributions to a financial plan or account, such as a pension or retirement fund.
Individuals who are currently making monthly contributions to a plan and wish to stop these contributions are required to file the Election to Discontinue Monthly Contributions.
To fill out the Election to Discontinue Monthly Contributions, individuals must obtain the official form, provide their personal information, specify the effective date for discontinuation, and submit the form to the relevant financial authority or administration.
The purpose of the Election to Discontinue Monthly Contributions is to enable individuals to manage their financial contributions based on changing circumstances, such as financial hardships, retirement, or individual choice.
The information that must be reported includes the individual's name, identification number, contact information, the account from which contributions are to be discontinued, and the effective date of discontinuation.
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Teachers Retirement System Georgia Monthly Contributions Retirement Election Creditable Service Form TRS-DC-1 Retirement Benefits Employer Acknowledgment Social Security Number

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