News
COLA/Post-Retirement Benefit Adjustment
June / July, 2023
Please note that all COLA increases as of July 1, 2023 will be reflected in the July monthly benefit payment payable at the end of July. The ERS One-Time Payment will be a separate payment at the end of June 2023.
PSERS Benefit Multiplier Increase
Effective 7/1/2023
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 $16.00 to $16.50 per month per year of service. This increase is effective 7/1/2023 and will be reflected in the July 2023 pension payment.
To learn more about your PSERS retirement benefit, please visit the PSERS plan page.
New Video: Jim Potvin Interviewed by BRN
February 4, 2023
Executive Director Jim Potvin discusses the Secure Act with BRN’s Jeffrey Snyder
Click the image below to watch the video.
Video link on YouTube: https://youtu.be/fRcny86MU0A
Proposed Rules and Regulations for GDCP
February 2023
Pursuant to the actions taken during the regular Board meeting in December 2022, please view below a notice of intent from the Board of Trustees of the Employees’ Retirement System to adopt the following proposed additions to the Rules and Regulations of the Georgia Defined Contribution Plan (GDCP).
Special Edition Holiday Video!
Featuring Wes Moss, author of What the Happiest Retirees Know
&
Jim Potvin, ERSGA Executive Director
New ERS Integrated Statements
Redesigned for 2023!
The ERS Personal Statement of Retirement Benefits has a new
look!
The statement has been redesigned to be more visual with charts
and graphs, easier to read, and to provide a clearer
picture of where you are on your retirement journey.
Your annual statement is available online at the ERSGA and GaBreeze websites.
Clark’s Christmas Kids
Thank you for supporting Clark's Christmas Kids!
Each year the Division of Family & Children Services, from the Georgia Department of Human Services, partners with Clark’s Kids and fellow state employees to bring holiday cheer to children in the Georgia foster care system.
Thank you for your continued support in making the holidays brighter for families and children in Georgia!
Click here to watch Clark Howard's thank you video (right click to download and save video)
You can also watch the video on our YouTube page:
Unsolicited Emails
October 5, 2022
You may have seen an increase in the number of unsolicited
communications offering to help you understand your benefits.
From retirement plans to life insurance, these businesses claim
to show you how these benefits fit into your retirement
planning.
As a current or former Georgia state employee, retiree, or
beneficiary you will periodically receive information from:
GSEPS Enhancements
Effective July 1, 2022
Exciting enhancements were added 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, 2023
During the Annual Board meetings on April 21, 2023, the Boards of Trustees for the Employees’ Retirement System (ERS) approved a SGLI interest rate of 5.00% effective 7/1/2023.
This rate is used in the creation of the factors to calculate the SGLI Maximum Plan Benefit amount using the formula provided in 23.5 SGLI Monthly Benefit Formula section of the ERS Handbook. The current factors for the maximum benefit are provided in 23.9 Maximum Benefit Option Factors section of the ERS Handbook.
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!
Begins October 17th
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