New! Obergefell v. Hodges Update
On June 26, 2015, the U.S. Supreme Court issued its decision in the case of Obergefell v. Hodges, finding that same-sex couples have the legal right to marry in all U.S. jurisdictions and that states must recognize same-sex marriages performed in other states. As a result of Obergefell, all governmental pension plan administrators must recognize same-sex spouses and can no longer make distinctions between opposite-sex and same-sex married couples. ERSGA has reviewed applicable plan provisions to ensure all married couples receive equal status under the plan.
Please click here for more information on affected benefits and what you need to do.
In 2014 ERSGA retirees were surveyed. Based on those survey responses, ERSGA and GTA partnered to offer a discounts and incentives website called .
ERSGA administers retirement benefits for over 65,000 retirees. Currently, only a small percentage of retirees are registered to use . Not many of these registered retirees use regularly.
A few months ago, a survey was conducted to obtain feedback from retirees regarding their experience using and to understand why a greater number of retirees are not registering and using . Many responses to the survey indicate lack of awareness and understanding of the offering. Given this, ERSGA and GTA are providing the following information about to increase registration and participation by retirees.
Some facts about the offering:
- is being offered free of charge. It is free for registered retirees to use and save money.
- does not use any ERSGA funds. Your retirement funds are not being used to offer .
- is not a replacement for COLA and/or other offerings from GSRA, etc.
- can be tailored to your needs. You can refer local businesses to be part of.
- Furthermore, you can setup Alerts & Favorites in to focus on only discounts &
incentives that you are interested in.
Click here to learn how you can get the most from .
New! GASB Plan 68 Statements Now Available!
The new GASB 68 Statements for Employees’ Retirement System (ERS), Georgia Judicial Retirement System (GJRS), and Public Schools Employees Retirement System (PSERS) have been published and are available for 2015 financial reporting. These new statements provide each employer’s proportionate share of the plan’s net pension liability. In addition, the statements provide employers with a calculated pension expense and deferred inflows and outflows of resources as of June 30, 2015.
In addition to the 2015 GASB 68 statements for the plans above, ERSGA has also provided individual employer reports that include the GASB 68 required disclosures, supplementary information and journal entries, as applicable. The individual packets were sent via email to agency heads and fiscal leaders during the week of July 13-17, 2015. Please contact your agency head or chief fiscal officer if you need this information for the preparation of your agency or county financial reports.
2016 Cost of Living Adjustment (COLA) Information
During the annual board meetings held on April 16 2015, all boards voted against granting a COLA for Fiscal Year 2016 to retirees of ERS, PSERS, and LRS. The Board made the decision after reviewing the current and future financial status of the plans. The JRS Board will consider a COLA at an upcoming meeting.
The Committee charged with developing guidelines and procedures to assist the Board in future decisions regarding COLAs for ERS reported their findings to the Board. Please click here to read the Committee’s recommendations.
2014 Comprehensive Annual Financial Report
The 2014 Comprehensive Annual Financial Report has been published and is available to view/download/print on our Forms and Publications page.
Members - Learn more about your Retirement Plan
We have added a member education link to the left-hand navigation of our website to provide you with the ability to quickly find information about your retirement plan. This section includes quick links to all available presentations, ERSGA event and seminar calendars, as well as all of our forms and publications. Please be sure to check out this valuable resource.
Account Access - Your Retirement Plan Information Online!
The mission of ERSGA is to be the guardian of the retirement systems it administers for the ultimate benefit of the members, retirees and beneficiaries of those systems. This mission is accomplished through ERS’s core responsibilities which include pension administration; the collection, reconciliation and disbursement of contributions for the welfare of the members, retirees and beneficiaries of the plans; and the sound and secure investment of the retirement funds. For more information on ERS’ mission statement, click here.
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If you are having trouble accessing parts of the new website, please contact us at 404-350-6300 or Toll Free at 1-800-805-4609. You can also email us with feedback or suggestions.