GA SB209

Allows certain Public School Employees Retirement System (PSERS) members to make a one-time irrevocable election to join the Teachers Retirement System of Georgia (TRS) instead

New employees hired on or after January 2, 2027 must elect within 30 days of employment; current members employed as of January 1, 2027 must elect within 30 days of that date

Requires employers (local school boards, Technical College System schools) to elect to become "participating employers" before their employees can access this option; once made, the employer election cannot be revoked

Members who switch to TRS cannot transfer creditable service from PSERS; those with 10+ years of PSERS service may leave contributions in the fund and retain vested rights, while those with less than 10 years must withdraw contributions

Effective date of July 1, 2026, contingent on concurrent funding under the Public Retirement Systems Standards Law; automatically repealed if funding requirements are not met