News
ERS One-Time Payment Post-Retirement Benefit Adjustment
June 2024
ERS one-time payments for June 2024 have been processed. Only active payees (retirees or beneficiaries) at the time the one-time payment was processed will receive this payment.*
Those with direct deposit should see the deposit within three business days of the check date 06/28/2024.
The one-time payment will be equal to 4.75% of the annual ERS benefit in pay as of June 2024, to a maximum payment of $568.92.
PSERS Benefit Multiplier Increase
Effective 7/1/2024
The benefit rate for members of the Public School Employees Retirement System (PSERS) has been raised for PSERS members, retirees, and beneficiaries to $17.00 per month per year of service.
This increase is effective 7/1/2024 and will be reflected in the July 2024 pension payment.
To learn more about your PSERS retirement benefit, please visit the PSERS plan page.
COLA/Post-Retirement Benefit Adjustment
June / July, 2024
Please note that all COLA increases as of July 1, 2024 will be reflected in the July monthly benefit payment payable at the end of July. The ERS One-Time Payment will be a separate payment at the end of June 2024.
PSERS Benefit Statements
March 2024
PSERS Benefit Statements were mailed to members in March. Be sure to keep this statement with your other important paperwork.
ERS Integrated Statements
March 2024
The ERS Personal Statement of Retirement Benefits are now available in your online ERSGA account!
Check out your personalized, easy-to-read statement!
Your data is presented in colorful and visually appealing
charts and graphs, with valuable information to provide your
at-a-glance retirement snapshot
Tour annual statement is available online at the ERSGA and GaBreeze websites.
Retirees: 2024 Georgia State Tax Withholding
Changes to State Tax Rates
You may see an increase in the net amount of your retirement benefit beginning with your January 31, 2024 payment.
Governor Kemp signed HB 1437 into law on April 26, 2022. This bill replaced the graduated personal income tax with a flat rate of 5.49% effective January 1, 2024. The rate will reduce each year until the flat rate reaches 4.99%.
Important Information for Your 2023 Tax Filing
January 25, 2024
2023 Tax Documents
If you received pension payments, a lump sum refund, or are a beneficiary who was paid a death benefit during calendar year 2023, the payments are reported to the Internal Revenue Service.
Peach State Reserves (PSR)
Member Advisory
Peach State Reserves (PSR) Fund Change
Please be advised that the PSR International Stock Index Fund
will exclude investments in China beginning 3/1/2024. This fund
is part of the PSR Lifecycle Fund lineup.
No action is required at this time.
National Retirement Security Month 2023
Happy National Retirement Security Month!
This year during National Retirement Security Month, ERSGA is focusing on Saving.
Whether you’re saving for retirement, creating an emergency savings fund, or saving for something fun, we’re here to help you achieve your goals!
Next Presentation Tour Stop
North Georgia Technical College
Wednesday, November 15, 2023
New Video
ERSGA Executive Director Jim Potvin sat down with Atlanta Consumer Investigative Reporter Dale Cardwell of TrustDALE to discuss the best ways for Georgians to avoid being scammed.
Video link for Active Members coming soon!
Sinking Savings Account Tracker
A “Sinking Savings Account” is intended to help you save for a particular item, like a vacation or new electronics. Click the image below to download your tracker.
Savings Word Find Puzzle
Find the savings in this fun word find puzzle!
Medical Information Sheet
Print out this Medical Information Sheet to keep on your refrigerator or someplace it can be found easily. Also good to keep in your purse or wallet.
This Medical Information Sheet is not copyrighted and can be distributed.
New Video: Jim Potvin Interviewed by BRN
February 4, 2023
Executive Director Jim Potvin discusses the Secure Act with BRN’s Jeffrey Snyder
Click the image below to watch the video.
Video link on YouTube: https://youtu.be/fRcny86MU0A
Clark’s Christmas Kids
Thank you for supporting Clark's Christmas Kids!
Each year the Division of Family & Children Services, from the Georgia Department of Human Services, partners with Clark’s Kids and fellow state employees to bring holiday cheer to children in the Georgia foster care system.
Thank you for your continued support in making the holidays brighter for families and children in Georgia!
Click here to watch Clark Howard's thank you video (right click to download and save video)
You can also watch the video on our YouTube page:
Unsolicited Emails
October 5, 2022
You may have seen an increase in the number of unsolicited
communications offering to help you understand your benefits.
From retirement plans to life insurance, these businesses claim
to show you how these benefits fit into your retirement
planning.
As a current or former Georgia state employee, retiree, or
beneficiary you will periodically receive information from:
Changes to Peach State Reserves
Updated May 2024
Changes are periodically 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.
No Plan changes for 2024
Effective January 1, 2023:
401(k) and 457: The age for Required Minimum Distribution (RMD) was raised from 72 to 73. (SECURE Act)
Protect Yourself from Fraud
Retirees and Retirement Eligible
ERSGA and Peach State Reserves (PSR) take the protection of your
personal data very seriously. We employ numerous security
protocols to keep your personal information safe.
However, if you have been the victim of identity theft, or if you
believe your ERSGA or PSR account has been compromised, please
immediately contact:
ERSGA 404.350.6300
GaBreeze for PSR 1.877.342.7339
Total Retirement Awareness Counseling (TRAC)
Are you ready to retire in the next six months? Let us help get you on the right TRAC!
Interview with Jim Potvin
April 2021
Don’t miss TRS’s special “inside look” interview with Jim
Potvin, ERSGA’s Executive Director!
Sending a Document to ERSGA?
Did you know that you can scan documents and upload them through our online secure portal? The documents will be received directly by our office and you can avoid any delays that may be caused by mailing documents. Please allow two business days after uploading a document for it to be available to ERSGA staff.
To begin uploading documents:
Visitors to ERSGA Must Have a Scheduled Appointment
To ensure the best possible service to our Members, effective February 1, 2020, ERSGA will only see visitors who have scheduled an appointment before coming to our office.
Is Your Beneficiary Information Current?
As a member of one of ERSGA’s retirement plans, you’ve already taken an important first step in securing your financial security in retirement. But what about the financial security of your loved ones? Keeping your beneficiary information current ensures benefits from the retirement plans are paid in accordance with your wishes in the event of your death.
Beneficiary Information for Retirees
Keeping your beneficiary information current ensures benefits from the retirement system are paid in accordance with your wishes in the event of your death.
If you are not sure who you elected as your beneficiary(ies), you can view your selection online using the Log In button at the top of any page on our website, or by contacting us. It is important that we have your most current beneficiary information on file.