- Collection:
- Georgia Government Publications
- Title:
- Public School Employees Retirement System : for the benefits of our members : an overview
- Creator:
- Employees' Retirement System of Georgia
- Publisher:
- [Atlanta, Ga.] : Employees' Retirement System of Georgia, 2007
- Date of Original:
- 2007
- Subject:
- Georgia. Public School Employees Retirement System
Teachers--Pensions--Georgia
School employees--Pensions--Georgia - Location:
- United States, Georgia, 32.75042, -83.50018
- Medium:
- state government records
- Type:
- Text
- Format:
- application/pdf
- Description:
- Cover title
Rev. 07/2007 - External Identifiers:
- OCLC 237004746
NZ MMS ID 9910113300502931
Call Number E400 .M1 2007 P8 - Metadata URL:
- https://dlg.galileo.usg.edu/id:dlg_ggpd_s-ga-be400-b-pm1-b2007-bp8-belec-p-btext
- Digital Object URL:
- https://dlg.galileo.usg.edu/do:dlg_ggpd_s-ga-be400-b-pm1-b2007-bp8-belec-p-btext
- Extent:
- 1 folded sheet (6 p.) : ill. ; 23 cm.
- Holding Institution:
- University of Georgia. Map and Government Information Library
- Rights:
-
Purpose of the plan
PSERS was established by the Georgia General Assembly in 1970. The purpose of this plan was to provide a supplemental retirement
plan for public school employees who did not belong to Teachers Retirement System (TRS). This means that it is intended as an addition to other retirement income. Members include bus drivers, food service workers, and
maintenance or custodial personnel. Some managers in these positions are members of TRS. If you have questions about which system you are under, please contact your school personnel department.
FOR THE BENEFIT OF OUR MEMBERS
FOR THE BENEFIT OF OUR MEMBERS
An Overview
Public School Employees Retirement System
Revised 07/2007
PUBLIC SCHOOL EMPLOYEES RETIREMENT SYSTEM
Your contributions?
Each member of PSERS contributes $4 each month to the system. These contributions are taken from your paycheck nine months of the year - from September through May. This means that each member contributes only $36 per year of membership to fund the retirement benefit.
What are the minimum qualifications for service retirement?
You must have at least ten years of creditable service and you must be:
Age 65 for Normal Retirement, or
Age 60 for Early Retirement
What are the benefits of membership?
If you qualify by years of service and age, PSERS provides lifetime retirement benefits, disability benefits, and death benefits. At retirement, options may also be chosen that can provide lifetime benefits to your beneficiary beginning at your death. The amount you receive is calculated by years of CREDITABLE SERVICE multiplied by a SPECIFIC DOLLAR AMOUNT.
For more information on calculations, contact your personnel office, download the PSERS handbook from the website, or call the PSERS office.
What about Disability and Death Benefits?
To be eligible for a disability retirement, you must have a minimum of fifteen years of creditable service and be totally and permanently disabled for doing your job. Our Medical Board will then approve or disapprove your application.
For death benefits you must be at least age 60 and have at least ten years of creditable service.
What is Creditable Service?
Creditable service is the total of all service time that you can use toward retirement. The more time you have credited to you, the higher your retirement benefit will be. For a list of
all possible service that may be available to you, please visit www.ersga.org and download the PSERS handbook.
What is the current dollar amount?
The current dollar rate is $14.25. This amount is set by the Georgia General Assembly.
Service Benefit Calculation Example:
At age 65 with 20 years creditable service: $14.25 X 20 = $285.00 monthly benefit
Where can I get more information?
Go to www.ersga.org and download the PSERS handbook or contact your school personnel department.
Public School Employees Retirement System Two Northside 75 Suite 300
Atlanta, GA 30318-7701
Phone: 404-350-6300 1-800-805-4609 www.ersga.org