GEORGIA DEFINED CONTRIBUTION PLAN (GDCP. Effective July 1, 1992, the Georgia Defined Contribution Plan was created by the 1992 Georgia Law, Act 996. The plan provides a retirement system for temporary, seasonal, and part-time (less than 50%) employees of the Board of Regents of the University System of Georgia, who are not eligible for membership in the Employees Retirement System of Georgia, the Teachers Retirement System of Georgia, or the Optional Retirement Plan. Eligible participating employees contribute a set percentage of gross salary to the plan through payroll deductions. This amount is deposited into each member’s account.
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Samples: www.clayton.edu, Employee Acknowledgement and Agreement, www.clayton.edu
