News
Interview with Jim Potvin
April 2021
Don’t miss TRS’s special “inside look” interview with Jim
Potvin, ERSGA’s Executive Director!
PSERS Benefit Multiplier Increase
Effective 7/1/2021
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 $15.50 to $15.75 per month per year of service. This increase is effective 7/1/2021 and will be reflected in the July 2021 pension payment.
COLA/Post-Retirement Benefit Adjustment
April 15, 2021
During the Annual Board meetings on April 15, 2021, 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 2022. Actions taken by the Boards are as follows:
ERS Personal Statements of Retirement Benefits
March 5, 2021
Employees’ Retirement System of Georgia (ERSGA) mailed annual Personal Statement of Retirement Benefits to ERS members on March 5, 2021.
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, GJRS, LRS, and PSERS
February 2021
Pursuant to the actions taken during the regular and special Board meetings in December 2020, please view below notices of intent from the Boards of Trustees for the following retirement systems: Employees’ Retirement System (ERS), Georgia Judicial Retirement System (GJRS), Legislative Retirement System (LRS), and Public School Employees Retirement System (PSERS), to adopt the following proposed amendments and additions to the Rules and Regulations.
Proposed Rules and Regulations by ERS Board
Proposed Rules and Regulations by GJRS Board
Proposed Rules and Regulations for LRS
Proposed Rules and Regulations by PSERS Board
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.
Alert: Phishing Attempts
Attempts to gain access to ERSGA Active and Retiree Accounts
The Employees’ Retirement System of Georgia (ERSGA) has become aware that retirement systems along with their members, retirees and beneficiaries are being targeted with phishing emails attempting to gain access to their login credentials. DO NOT DO THIS!
Jim Potvin Elected President of NASRA
August 2019
The National Association of State
Retirement Administrators (NASRA) has elected Jim Potvin,
Executive Director of the Employees’ Retirement System of Georgia
(ERSGA), as the new President for 2019-2020. Mr. Potvin joined
ERSGA in February, 2009 as the Deputy Director, after 15 years in
private industry working in retirement plan administration and
consulting. He was appointed as the Executive Director in
February, 2012.
Retirement Online for ERS Plans
Now Available!
Retiring with an ERS pension plan has just gotten easier with the launch of ERSGA’s Retirement Online on ers.ga.gov.
Retirement Online allows most ERS Plan Members (New Plan and GSEPS) who are applying for a Service Retirement to do so easily and conveniently through the ERSGA secure website.
7 Tips for Strong and Secure Passwords
Keeping your data – and yourself – safe online is more important than ever. One of the easiest ways you can do this is by setting strong and secure passwords for your online accounts.
Here are some tips for making strong, secure passwords:
2021 Health and Dental Rates
Beginning this month, 2021 health and dental rates may have an impact on your monthly benefit amount.
2021 health and dental insurance rates will go into effect December 31, 2020 for your January 2021 coverage. The new health and dental deductions will affect your December 2020 net benefit amount.
Payment summary statements and a breakdown of your net monthly benefit can be viewed or downloaded by signing into your account using the Log In button at the top of the page.
Contribution Limits in Peach State Reserves
January, 2021
The Internal Revenue Service (IRS) maximum contribution limits in 401(k) and 457 plans for 2021 will remain the same as for 2020.
Contribution limits for 2021 are:
- Under Age 50: $19,500
- Over Age 50: $26,000
You can contribute the maximum amount to both a 401(k) and 457 account.
Even if you can’t contribute to the maximum amount, this is a great reminder to save as much as you can for your retirement.
Is Your Personal Contact Information Current?
To provide you with account updates, announcements, and important information, please take a moment to confirm that we have your current contact information on file including:
- Mailing address
- Email address
- Phone number
We will be preparing 1099s based on address information available on December 31. Take a moment to review your address information in order to ensure you receive your 1099.
To view and update your information, use the Log In button at the top of the page to access your account today!
Updating Your Beneficiary Information
In Retirement
When you retired, you selected a form of pension payment. If you selected a monthly benefit that continues to your beneficiary after your death, it is important for ERSGA to have your beneficiary’s current information on file.
Use the Log In button at the top of the page to access your secure account and confirm the following information is updated for your designated beneficiary(ies):