Peach State Reserves


Peach State Reserves (PSR)

The Employees’ Retirement System of Georgia (ERSGA) is the plan sponsor for the State of Georgia’s 401(k) and 457 plans, collectively referred to as Peach State Reserves (PSR).

ERSGA partners with GaBreeze to provide employees with an easy and effective way to save for retirement through PSR.

PSR Features and Benefits:

  • Tax-deferred (pre-tax) contributions and earnings
  • Lowering your taxable income through pre-tax contributions
  • After-tax, or Roth, contribution option for tax-free distributions in retirement
  • Variety of investment options
  • Low fees


GSEPS members of ERS are automatically participants in PSR.

The PSR 401(k) plan is a core component of your retirement benefit. Saving at least 5% in your PSR 401(k) plan means you receive the full 3% employer match.

GSEPS members should visit the GSEPS section of this site, as it includes information about the PSR 401(k) plan.  

GSEPS Plan Page

General Information

General PSR information for all PSR participants can be found below and in the PSR Handbook in the link to the right.

To enroll in PSR, or to make changes to your existing account, please visit:


Or call 1.877.342.7339

Useful Documents

401(k)/457 Plan Comparison
PSR - New Roth Contribution Savings Option
Understanding Roth Contributions and Savings Plan Options
Annual Leave Agreement Form - 457 Plan


Supplemental Guaranteed Lifetime Income (SGLI)

ERS Retirees can Convert Peach State Reserves funds to Guaranteed Monthly Income

Supplemental Guaranteed Lifetime Income (SGLI)

Senate Bill 55 was passed during the 2019 Legislative session, permitting ERS retirees to use funds in Peach State Reserves to purchase a supplemental annuity from ERS. The SGLI is a program that can be used to provide additional financial security during retirement through lifetime monthly benefit payments.

Effective January 1, 2021, an Employees’ Retirement System (ERS) retiree who has at least $25,000 pre-tax (non-ROTH) funds in the Peach State Reserves (PSR) 401(k) and/or 457 Plan may choose to use the PSR funds to purchase a Supplemental Guaranteed Lifetime Income (SGLI) monthly benefit.


Integrated Statement FAQ

1. Why did I get a statement that only shows my ERS pension benefit?

If you do not have a balance in the PSR 401(k) or PSR 457 plan, then no Social Security estimate or PRS information was included on the statement. Your statement will only show your ERS pension benefit.


401(k) or 457 Rollovers

Rollover from a Previous Employer into a Peach State Reserves (PSR) 401(k) or 457

A rollover is when the money in a current qualified retirement account is directly transferred to a new qualified retirement account.

Rolling over a retirement account from a previous employer to PSR may save you a substantial amount of money in fees. Click here to view a list of PSR fees for comparison with your current plan. 


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.