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New! FY 2018 Post-Retirement Benefit Adjustments

During the Annual Board meetings on April 20, 2017, the Boards of Trustees for the Employees’ Retirement System (ERS), the Legislative Retirement System (LRS), the Judicial Retirement System (JRS), and the Public School Employees Retirement System (PSERS) considered whether to grant Cost of Living Adjustments (COLAs) or other post-retirement benefit adjustments to retirees and beneficiaries in payment as of July 1, 2017.  Actions taken by the Boards are as follows:

ERS
APPROVED: A 3% one-time, non-compounded payment for retirees and beneficiaries, payable on the first $30,000 of annual pension benefit, with the following stipulations:

LRS
APPROVED: A 3% one-time, non-compounded payment for retirees and beneficiaries, with the following stipulations:

JRS
APPROVED: A 2% monthly COLA for retirees and beneficiaries, effective July 2017, with the following stipulations:

PSERS
APPROVED: A 2% monthly COLA for retirees and beneficiaries, effective July 2017, with the following stipulations:

The COLAs for JRS and PSERS are expected to be added to payees’ pension payments beginning with their July 2017 payments. The one-time payments for ERS and LRS are expected to be dated August 3, 2017.  The payments will be direct deposited for payees whose regular monthly benefit is direct deposited; all others will be mailed.


Integrated Statements for ERS Members

ERSGA is excited to announce the delivery of ERS integrated retirement statements. The ERS pension benefit is combined with Peach State Reserves (PSR) balances to estimate the member's monthly retirement income. If you have a PSR balance, Social Security will also be included in your statement. These statements are designed to help you determine what action is needed, if any, to reach your retirement goals.

Statements were mailed February 27 and 28 to home addresses for New Plan and GSEPS members who made a contribution to the pension plan in December 2016.  ERS members in the process of retiring will not receive a statement.  

The statements will be available online beginning March 3rd.  If you have already registered at ERSGA, you can view your statement by clicking the account access button on the right side of this page. Once logged in, the statement can be found under the Personal Correspondence section of the secure site.

If you have not already registered for account access at https://secure.ers.ga.gov, you will be required to provide a valid email address and review/designate beneficiary(ies) upon registration and prior to using the secure site. For more information about the integrated statements, please read our FAQ.

Click the links below to see samples of integrated statements:
 
Integrated statement suggesting member needs to save more
Integrated statement suggesting member is on track to meet retirement goal
Pension only statement for members with no PSR account balance  


Alternative Investments

The 2017 Alternative Investments Annual Update has been released. Please click here to view/download.


Form 1095 and IRS Affordable Care Act Compliance

State employees and retirees/surviving beneficiaries with State Health Benefit Plan (SHBP) coverage will receive a Form 1095-C from the State of Georgia in early March 2017. This form fulfills the IRS filing requirements of the Affordable Care Act and provides certain SHBP participants with employer-provided health care coverage information for your individual tax return filing.

For more information and questions about Form 1095 for SHBP employees and retirees, please see the DCH website.

For more information about Health Care Information Forms and tax reporting, please visit the IRS website


1099 Forms for 2016

ERSGA will mail all 2016 Form 1099s by Monday, January 30th.

If you have questions about your Form 1099, please read our 1099 Frequently Asked Questions (FAQ).

If you are receiving a monthly pension, your 1099 will be available on our secure website on Wednesday, January 25th. Click account access to view your 1099R.

If you received a refund during 2016, you may be able to view your 1099 online on Wednesday, January 25th.  Click account access. If available, you will see View 1099R on your Self-Service Desktop.

If you have not received your Form 1099 in the mail by Thursday, February 9th, please contact a Customer Care Representative at (404) 350-6300 or (800) 805-4609. Our offices are open Monday to Friday, 8:00 am to 4:30 pm Eastern Time. Please note, if the address we have for you is not current, the US Postal Service will NOT forward your 1099. It will be returned to our office. Contact us to update your address and request that we resend your 2016 Form 1099.


Rehired Retirees - Pension benefits suspended after working 1,040 hours

Georgia law limits the pension benefits for ERS, JRS, and LRS retirees who work more than 1,040 hours for a covered employer in a calendar year.  If this applies to you, ERSGA will send you a letter advising that your monthly pension benefit will be suspended for the rest of the calendar year.  The 1,040 hour limit automatically resets every January and monthly pension benefits begin again in January.

You can find more information about the Rehired Retiree restriction in our 2015 Retiree Newsletter.


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.

If you are a member of the Teachers Retirement System, click here. For links to other useful sites, 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.

 

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