ERS New Plan (Tier 2)


New Plan (Tier2)

For a more detailed explanation of your retirement benefits and the information in the categories below, please see the ERS Handbook in the link to the right.


ERS New Plan, or Tier 2, members are employees who were hired between 7/1/1982 and 12/31/2008.


Members are required to contribute 1.50% of their earnable compensation to the plan.

  • 1.25% goes to the member’s annuity savings plan
  • .25% goes to the member’s Group Term Life Insurance premiums

Retirement Eligibility 

There are three different types of Service Retirement in ERS:

Normal Retirement

  • At least age 60 and vested with a minimum of 10 years of creditable service 
  • At least 30 years of creditable service
  • For certain Law Enforcement positions, at least age 55 and a vested with a minimum of 10 years of creditable service

Early Retirement

  • Under age 60
  • At least 25 years of creditable service but not yet 30 years of service
  • Retiree benefit is reduced at a rate of 7% for every year the retiree is under age 60 or every year the retiree has less than 30 years; ERS will use the lesser reduction to calculate the benefit.

Terminated Vested Retirement

A member terminating after attaining at least 10 years of service and vesting, but prior to age 60, will be able to start drawing retirement benefits at age 60. A member may contact ERS within 90 days of their 60th birthday for more details.

Retirement Amount

Retirement Benefit Calculation Formula

To calculate the Maximum Plan Benefit for a normal retirement, ERS New Plan uses the following formula:

Formula Salary
2% Benefit Formula Factor
Creditable Service
Maximum Plan Benefit

Please see the ERS Handbook for calculation examples.


Are you saving enough for retirement?
Save more through Peach State Reserves (PSR)

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.

To understand your personal retirement needs, log in to GaBreeze, click the Savings & Retirement tab, then select Retirement Projections under the Peach State Reserves menu.


Supplemental Guaranteed Lifetime Income (SGLI)

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

Supplemental Guaranteed Lifetime Income (SGLI)

ERS retirees can now 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.

For more information, please visit the SGLI main page.


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.


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.