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
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 employer match based on your years of creditable service.
| Your Contribution | Employer Match |
|---|---|
| 1.0% | 1.0% |
| 2.0% | 2.0% |
| 3.0% | 3.0% |
| 4.0% | 4.0% |
| 5.0% | 5.0% |
Starting with your sixth year of service, you will earn an additional half percent each year until you reach a maximum match of 9%.
GSEPS members should visit the GSEPS section of this site, as it includes information about the PSR 401(k) plan.
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 and Forms
401(k)/457 Plan Comparison
PSR - New Roth Contribution Savings Option
Understanding Roth Contributions and Savings Plan Options
Annual Leave Agreement Form for Separating Employees
FLSA Agreement Form
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)
Supplemental Guaranteed Lifetime Income (SGLI)
ERS Retirees can Convert Peach State Reserves funds to Guaranteed Monthly Income
Supplemental Guaranteed Lifetime Income (SGLI)
ERS retirees can now 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.
For more information, please visit the SGLI main page.
Personal Statement of Retirement Benefits FAQ
Important 2023 note: Statement was redesigned for 2023 and will look different from previous statements. You can view samples of the statements here.
Back to Understanding your ERS Annual Statement
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.