News
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.
Payment Dates PSERS
Post-Retirement Benefit Adjustment
PSERS Retirees and Beneficiaries who receive a July, 2019 pension payment, and are eligible for a post-retirement benefit adjustment, will see cost of living increase with their July 2019 pension payment (payable on July 31, 2019). Click here for details.
Post-Retirement Benefit Adjustment
Benefit Payment Information 7/2/2019
Post-Retirement Benefit Adjustments
During the Annual Board meetings on April 18, 2019, 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 fiscal year 2020. Actions taken by the Boards are as follows:
ERS
Payment Dates ERS, LRS, JRS
Post-Retirement Benefit Adjustment
ERS, LRS, & JRS Retirees and Beneficiaries who receive a July 2019 pension payment and are eligible for post-retirement benefit adjustments, will receive a one-time benefit adjustment payable the first week of August 2019. Click here for details.
PSERS Benefit Multiplier Increase
Effective 7/1/2019
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 $15.25 to $15.50 per month per year of service. This increase is effective 7/1/2019 and will be reflected in the July 2019 pension payment.
Post-Retirement Benefit Adjustments
Annual Board Meetings: April 2019
During the Annual Board meetings on April 18, 2019, the Boards of Trustees for the Employees’ Retirement System (ERS), the Public School Employees Retirement System (PSERS), the Legislative Retirement System (LRS), and the Judicial Retirement System (JRS) took the following actions for fiscal year 2020:
ERS Personal Benefit Statements
February 27, 2019
Personal Statements of Retirement Benefits
Employees’ Retirement System of Georgia (ERSGA) mailed
annual Personal Statement of Retirement Benefits to ERS members
on February 27, 2019.
This integrated statement combines ERSGA pension benefits
and Peach State Reserves (PSR) (if applicable) balances to
provide an overview estimate of where members currently stand in
achieving their retirement goals. In addition, if members
have a PSR balance, their Social Security estimate will be
factored into the summary.
Notice: Print Changes to 1099-R Forms
January 28, 2019
ERS recently changed the forms for 1099-R documents.
Instead of a pre-printed, perforated form, you will receive your 2018 1099 forms on plain paper, enclosed in an envelope.
You can also download a copy of your 1099 form by logging into your account using the Log In button at the top of this page.
Tips for a Secure Internet Connection
Secure Connections
Cybercrime is everywhere and more than half of our personal devices have been exposed to a virus or malware. About a third of us have had a password compromised. Every day, millions of people access financial accounts, tax filing programs, health insurance plans, and other personal and sensitive information over the internet.
How do you keep your information, and yourself, safe? The easiest and most important step you can take is to make sure you’re on a secure internet connection.
Retiree Dental Refund Checks
January 2019
Retiree Dental Refund Checks
Communications via email and US Mail were sent to 150 State of Georgia retirees regarding a premium refund check they received last September requesting that the outstanding checks be cashed immediately.
If you have any questions about your CIGNA Dental HMO deduction refund, please send an email to hra.flexbenefits@doas.ga.gov or call GaBreeze at 1-877-342-7339.
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.
Important Information for Your 2018 Tax Filing
All Retirees will receive a 1099 or W-2 income tax statement.
Tax Withholding Changes
2019
Generally, pension and annuity payments are subject to federal income tax withholding. Each year in January, ERSGA updates its systems’ withholding tables to reflect the latest IRS guidance. These changes may impact your 2019 monthly net payment amounts. You can access your payment statement by the Log In button at the top of this page.
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:
Post-Retirement Benefit Adjustments
February 2019 Payment
During the Annual Board meetings on April 19, 2018, the Boards of Trustees for the Employees’ Retirement System (ERS), the Legislative Retirement System (LRS), and the Judicial Retirement System (JRS) considered whether to grant post-retirement benefit adjustments to retirees and beneficiaries in fiscal year 2019. Actions taken by the Boards for February 2019 are as follows:
2019 Health and Dental Rates
January, 2019
Beginning this month, 2019 health and dental rates may have an impact on your monthly benefit amount.
2019 health and dental insurance rates will go into effect December 31, 2018 for your January 2019 coverage. The new health and dental deductions will affect your December 2018 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 Increase in Peach State Reserves
January, 2019
The Internal Revenue Service (IRS) thinks it’s so important for you to save for your retirement that they increased the maximum contribution limits in 401(k) and 457 plans for 2019.
Here’s a quick look:
IRS 2019 402(g) contribution limit is increasing by $500
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
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):