News

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:

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.

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.

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. 

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.

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:

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

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): 

Are You among the 1 Out of 5 People who have an error?

According to the Federal Deposit Insurance Corporation (FDIC), 20% of Americans have a mistake on their credit report. According to the FDIC, “incorrect or outdated negative information on a credit report can adversely affect a consumer’s ability to borrow money under the most favorable terms, so it is important to make sure the information is correct.”

Examples of credit reporting errors may include: