3/2/2023 0 Comments Atkinson baker date calculator![]() Conduct transactions such as designating a beneficiary and estimating your retirement benefits.Log in to your account (using the Log In button at the top of the page) to: Get information about and register for WRAPs, webinars, and other presentations.Obtain information about legislation under consideration by the Georgia General Assembly.For more information about the Board of Trustees, please visit our website. Daily operations are under the direct administration of the ERSGA Director and staff. The System is also examined annually by an independent accounting firm.Ī Board of Trustees is responsible for the administration of ERS. The actuarial firm prepares an annual valuation on the ability of the fund to meet future obligations, and every five years performs an actuarial experience study. However, any benefit provisions which no longer apply to any active member or apply only to a small population may not be covered in detail.Īn independent actuarial firm specializing in pension and retirement plans examines the fund every year. Benefit plans have changed over time, and this Handbook will describe the differences between each. Employee and Employer Contributions are paid into the retirement fund for the welfare of members and their beneficiaries. Laws governing ERS provide for service retirements, death and disability benefits, or refunds of contributions and interest to members who leave State employment. The Employees’ Retirement System (ERS) was established and began administering retirement benefits for certain State of Georgia employees on January 1, 1950, as provided by laws enacted through the Georgia General Assembly. 1.1 About the Benefits Described in this Handbook Reading only portions can be confusing and misleading. It is important that you read the entire Handbook. If something is not covered in detail in this summary, or if this summary can be read to be inconsistent with the governing laws, the law will control. Also, from time to time, the laws will be amended, and while we make every effort to update this Handbook in a timely fashion, there may be a period of time during which the Handbook does not reflect recent changes in the law. A summary cannot deal with every possible set of circumstances. It is important to remember that this Handbook is only a summary of the law, and therefore provides only general information. Unless otherwise specifically indicated, the Handbook describes these laws as in effect on July 1, 2019. This Handbook summarizes the main provisions of laws that provide benefits to certain State of Georgia employees. News and Information primarily sent through Retirement Minutes Public School Employees Retirement System.ERS Georgia State Employees' Pension and Savings Plan (GSEPS). ![]()
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