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New! PSERS Benefit Multiplier Increase

The Public School Employees Retirement System (PSERS) Board approved an increase in the benefit rate effective 7/1/2017 for ALL PSERS members, retirees, and beneficiaries, from $14.75 to $15.00 per month per year of service.  This increase is reflected in your pension payments, beginning with your July 2017 payment.

New! FY 2018 Post-Retirement Benefit Adjustments

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

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:

 


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.


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 State of Georgia’s retirement plans and promote a dignified retirement for the members, retirees, and their beneficiaries.  This mission is accomplished through ERSGA’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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