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 2024
Happy National Retirement Security Month!
It’s National Retirement Security Month!
A happy retirement includes financial security. This year, we want to highlight some educational resources to help you plan for a secure, happy retirement.
We’ve also included a contest and some fun ideas to help you save!
Presentations
Next Presentation In-Person Tour Stop
Atlanta Technical College
Wednesday, October 23, 2024
ERSGA is also offering two special presentations this year:
Hats Off to Retirees!
Tips for health and happiness in retirement
Register
here
Personal Finances
Finances don’t have to be scary! Take an hour and learn the
basics of personal finance.
Register
here
Additionally, ERSGA offers virtual New Plan, GSEPS, and PSERS presentations throughout the year. Sign up for an upcoming presentation on our Tours page.
Win a Signed Book!
Quiz
Answer the questions correctly to be entered into a drawing to win a signed copy of one of the following books:
Complete the quiz by Friday, October 25th. Winners will be contacted by October 31st.
Here’s a tip! Look around the website to find the answers.
Jim Potvin interviews Dale Cardwell and Wes Moss:
Saving Can Be Easy!
Use our Savings Tracker below to save for something specific.
You can also play little games with yourself to help think about saving differently…here are some fun ways to start saving extra money:
Loyalty Savings Game
If you have a loyalty or savings card at your local grocery
store, when you get your receipt you’ll see the amount you saved
that shopping trip. Transfer that amount to your savings account.
Matched Treats
Did you buy yourself coffee drink, special item, or other
small purchase just to brighten your day? Transfer the amount of
the purchase to your savings account right afterward.
Weather Day
Pick a day of the week. What was the high temperature that
day? Once a week, transfer a dollar amount equal to that
temperature to your savings account. For example, if the high was
78, transfer $78. If you need to start smaller, go with the
low temperature.
52 Week Challenge
Week 1: Transfer $1 to savings. Week 2: Transfer $2 to savings.
Week 3: Transfer $3 to savings. And so on… You can also start
with $52 in Week 1 and reduce by $1 each week.
Tip Yourself
If you accomplished a task today, tip yourself! Giver
yourself five bucks (or more!) for cleaning, working out or going
for a walk, spending a few minutes outside instead of looking at
your phone…whatever you did today that makes you feel good,
reward yourself! Then, transfer your tip to your savings account.
Videos and Infographics
The ERSGA website contains a wealth of information about your
plan and beyond.
The easiest (and shortest!) way to learn the basics about your
plan is through our fun, visual videos and infographics.
Each plan has a video, which you can find on your plan page. If
your plan has an infographic, you can also find it here:
All plan videos and infographics can be found under the Education Center menu. More infographics are on the way!
For more information about Retirement Security, check out Your Whole Story and other videos on NAGDCA’s YouTube channel.
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.