Retirement

Overview

Retirement

Congratulations! You are almost ready to enjoy the next  stage of your life! As you near the age of retirement, it is important to prepare and determine your financial readiness.

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Supplemental Guaranteed Lifetime Income (SGLI)

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

SGLI Questions & Answers

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.

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WRAP

Workshop for Retirement Answers and Preparation (WRAP)

WRAP is a series of presentations designed to assist you with your retirement application and help to you to understand your benefits after retirement.  You can view the presentations on the WRAP main page.