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New! National Retirement Security Week

Peach State Reserves (PSR) is participating in National Retirement Security Week, October 15-21, 2017. We want to encourage you to take full advantage of your retirement planning resources.  

Are you saving enough for retirement?

Did you know to live comfortably during retirement, you will need 70% to 100% of your pre-retirement income? Even with other savings, pension(s), and Social Security, you may still need to consider enrolling in or increasing your contributions to PSR.

Don’t worry. Saving for retirement doesn’t have to be complicated or difficult.

Insufficient savings are a common reason many employees do not reach retirement readiness. Enrolling in a Peach State Reserves 401(k) or 457 is quick and easy.  Go to the GaBreeze website for more information or to enroll in a savings plan.

For more tips to help you on your retirement savings journey, check out NAGDCA’s interactive Your Whole Story page. 

New! Open Enrollment and Benefit Fairs

2017 Open Enrollment

The 2017 SHBP Annual Open Enrollment Period is October 16 – November 3, 2017 for the 2018 plan year. For information about plan options and enrollment, please visit the SHBP website.

State agencies will be hosting Benefit Fairs for active employees, where vendors will be available to answer questions and provide informational brochures (and some fun gifts!).

ERSGA will host a Benefit Fair at our offices October 2nd, starting at 10am. We will also have a booth at several of the Benefit Fairs hosted at other agencies across the metro area (click here for a list). Come meet the ERSGA staff!

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:

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:

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

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

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


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.


Unclaimed Property

Legilative Update
Employee Newsletter
Retiree Newsletter