News
New GSEPS Enhancements!
Effective July 1, 2022
New and exciting enhancements are coming to the Georgia State Employees’ Pension and Savings Plan (GSEPS)!
During the 2022 Legislative Session, the Georgia General Assembly approved a significant increase in the state employee 401(k) employer match, with an enhanced benefit that increases with your years of service.
Contributing at least 5% into your PSR 401(k) is more valuable than ever! Make sure you’re saving at least 5% to take advantage of the increased employer match. Don’t leave free money on the table!
Proposed Amendments to the Rules and Regulations for ERS and LRS
May 2022
Pursuant to the actions taken during the regular and annual Board meetings in April 2022, please view below notices of intent from the Board of Trustees of the Employees’ Retirement System (ERS) to adopt the following proposed amendments to the Rules and Regulations for ERS and the Legislative Retirement System (LRS).
Proposed Amendment to the Rules and Regulations by ERS Board
COLA/Post-Retirement Benefit Adjustment
July, 2022
Please note that the 1.5% increase as of July 1, 2022 will be reflected in the July monthly benefit payment payable at the end of July.
During the Annual Board meetings on April 21, 2022, 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 post-retirement benefit adjustments to retirees and beneficiaries in FY 2023. Actions taken by the Boards are as follows:
PSERS Benefit Multiplier Increase
Effective 7/1/2022
The benefit rate for members of the Public School Employees Retirement System (PSERS) has been raised for PSERS members, retirees, and beneficiaries with retirements on or after 8/1/2012, from $15.75 to $16.00 per month per year of service. This increase is effective 7/1/2022 and will be reflected in the July 2022 pension payment.
To learn more about your PSERS retirement benefit, please visit the PSERS plan page.
SGLI Interest Rate
April, 2022
During the Annual Board meetings on April 21, 2022, the Boards of Trustees for the Employees’ Retirement System (ERS) approved a SGLI interest rate of 4.25% effective 7/1/2022.
Changes to Peach State Reserves
1/2022
Changes have been made to the PSR 401(k) and 457 Plans. These changes are a result of the federal SECURE Act, as well as PSR administrative decisions.
Effective January 1, 2020:
401(k) and 457: The age for Required Minimum Distribution (RMD) was raised from 70.5 to 72. (SECURE Act)
Notice: Reconfirm Email for New Mailchimp Policy
Please read if you received a confirmation request email
Due to a change in the anti-spam policies at our email communication provider, Mailchimp, some members may receive an email asking you to confirm to continue to receive email communications from ERSGA.
Confirm your email address so you don’t miss out!
Use the CONFIRM button in the email you received to subscribe.
Our email communications keep you up to date on important news. If you do not confirm, you will be automatically unsubscribed from our email list and will no longer receive our emails.
Retirees: It’s Annual Enrollment Time for Health and Flexible Benefits!
It’s Fall again, and with the change in the seasons comes Annual Enrollment time. As you know, there is no Annual Enrollment for your retirement benefit. Your pension will continue to be paid to you each and every month without any action on your part. However, this is a good time to review your beneficiary designations. Use the Log In button above to sign in to your ERSGA account.
Protect Yourself from Fraud
Retirees and Retirement Eligible
ERSGA and Peach State Reserves (PSR) take the protection of your
personal data very seriously. We employ numerous security
protocols to keep your personal information safe.
However, if you have been the victim of identity theft, or if you
believe your ERSGA or PSR account has been compromised, please
immediately contact:
ERSGA 404.350.6300
GaBreeze for PSR 1.877.342.7339
Total Retirement Awareness Counseling (TRAC)
Are you ready to retire in the next six months? Let us help get you on the right TRAC!
Interview with Jim Potvin
April 2021
Don’t miss TRS’s special “inside look” interview with Jim
Potvin, ERSGA’s Executive Director!
ERS Personal Statements of Retirement Benefits
March 7, 2022
Employees’ Retirement System of Georgia (ERSGA) mailed annual Personal Statement of Retirement Benefits to ERS members on March 4, 2022.
This integrated statement combines ERS pension benefits and Peach State Reserves (PSR) (if applicable) balances to provide an overview estimate of where you currently stand in achieving your retirement goals. In addition, if you have a PSR balance, your Social Security estimate will be factored into the summary.
Viewing Your Statement
February Board Meeting
February 2021
Slide presentation from the February Board Meeting
Proposed Rules and Regulations for ERS
February 2022
Pursuant to the actions taken during the regular Board meeting in December 2021, please view below a notice of intent from the Board of Trustees for the Employees’ Retirement System (ERS) to adopt the following proposed additions to the Rules and Regulations.
Sending a Document to ERSGA?
Did you know that you can scan documents and upload them through our online secure portal? The documents will be received directly by our office and you can avoid any delays that may be caused by mailing documents. Please allow two business days after uploading a document for it to be available to ERSGA staff.
To begin uploading documents:
SB 26 Allows ERS Members to Purchase Prior GDCP Service
Effective July 1, 2020, ERS members with at least 5 years of ERS service, who were also GDCP members immediately prior to beginning ERS Membership, may be eligible to transfer or purchase such GDCP service in ERS. This GDCP service will be valued at full actuarial cost to members’ ERS benefit, which can be higher than the contributions to GDCP.
Visitors to ERSGA Must Have a Scheduled Appointment
To ensure the best possible service to our Members, effective February 1, 2020, ERSGA will only see visitors who have scheduled an appointment before coming to our office.
The 5 Ws & H of GSRA
Who:
An inspired group of long-time state employees gathered to form an advocacy group for those who dedicate their careers to state employment.
This group formed the Georgia State Retirees Association (GSRA) as an advocacy organization created by retired state employees for the benefit of state retirees. GSRA’s goal is to promote the education and welfare of Georgia State government retirees relative to their retirement and health care benefits.
What:
Is Your Beneficiary Information Current?
As a member of one of ERSGA’s retirement plans, you’ve already taken an important first step in securing your financial security in retirement. But what about the financial security of your loved ones? Keeping your beneficiary information current ensures benefits from the retirement plans are paid in accordance with your wishes in the event of your death.
Beneficiary Information for Retirees
Keeping your beneficiary information current ensures benefits from the retirement system are paid in accordance with your wishes in the event of your death.
If you are not sure who you elected as your beneficiary(ies), you can view your selection online using the Log In button at the top of any page on our website, or by contacting us. It is important that we have your most current beneficiary information on file.