Employees' Retirement System Plans

Overview

Employees’ Retirement System (ERS)
Old Plan, New Plan, GSEPS

Membership

Full-time employees of participating departments and agencies are required to become members of ERS as a condition of employment.

Full-time employment status is defined as thirty-five (35) hours per week for a minimum of nine months a year.

ERS Plan contains 3 different benefit structures in which an employee could be a member:

As of January 1, 2009, GSEPS is the current benefit structure in which all eligible new hires become members.

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Supplemental Guaranteed Lifetime Income (SGLI)

ERS Retirees can Convert Peach State Reserves funds to Guaranteed Monthly Income

Supplemental Guaranteed Lifetime Income (SGLI)

Senate Bill 55 was passed during the 2019 Legislative session, permitting ERS retirees to use funds in Peach State Reserves to purchase a supplemental annuity from ERS. The SGLI is a program that can be used to provide additional financial security during retirement through lifetime monthly benefit payments.

Effective January 1, 2021, an Employees’ Retirement System (ERS) retiree who has at least $25,000 pre-tax (non-ROTH) funds in the Peach State Reserves (PSR) 401(k) and/or 457 Plan may choose to use the PSR funds to purchase a Supplemental Guaranteed Lifetime Income (SGLI) monthly benefit.

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ERS
Board of Trustees

The ERS Board of Trustees consists of 7 members who are appointed or elected for a term of four years.

Click below for board members, contact information, and meeting details.

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ERS History and Background

The Employees’ Retirement System (ERS) was established and began administering retirement benefits for State of Georgia employees on January 1, 1950, as provided by laws enacted through the Georgia General Assembly.