Temporary Employees -> GDCP

Georgia Defined Contribution Plan

Also known as “Def Con” or “GDCP”, the Georgia Defined Contribution Plan was created by the Georgia State Legislature to provide a retirement system for temporary, seasonal, and part-time employees of the State of Georgia who were not eligible for membership in the Employees' Retirement System (ERS) or the Teachers Retirement System (TRS).

Enrollment in GDCP is automatic for qualified employees. A GDCP enrollment form is part of the new employee orientation paperwork. This same form is used to provide a beneficiary designation in the event of the employee's death. The GDCP deduction rate is 7.5% of the employee's after tax salary. Contributions accrue interest at a rate of approximately 4%.

  • By providing the appropriate documentation when applicable, the following temporary employees may be exempt from participating in GDCP:
  • Those currently receiving a retirement income benefit from Teachers Retirement System of Georgia or the Employees' Retirement System of Georgia. A TRS/ERS benefit payment statement from the current month must be provided upon employment.
  • Those currently contributing to TRS or ERS through active payroll deduction at another employer. A payroll check stub or advice from the current month showing an active TRS/ERS deduction must be provided upon employment.
  • Those who become employed in a GDCP eligible position after age 60.

Upon separation of employment and no GDCP eligible payroll activity for six weeks, an GDCP participant may apply for a full refund of contributions. Those employees who move from GDCP eligible positions into benefited positions may apply for immediate refund of contributions. Upon withdrawal of contributions, taxes and/or penalties may apply on any interest which has accrued on the contributions. After being verified by HR, the refund application is forwarded to GDCP for processing. The total processing time is estimated at 12 – 14 weeks from the time the complete and accurate refund application is received by HR.

For more information on GDCP, contact Human Resources or GDCP directly at 404.603.5658 .