Pension and Savings Program...System website at and click on Plans and then on Peach State Reserves...

Pension and Savings Program

Georgia State Employees’

Pension & Savings Plan

(GSEPS)

The Enrollment information Notice may be

found at https://www.ers.ga.gov/GSEPS

Click on Membership

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Georgia State Employees’

Pension & Savings Plan

(GSEPS)

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Georgia State Employees’ Pension & Savings Plan (GSEPS)

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Under GSEPS you have two components that help you plan for a successful retirement:

1. Your Employees’ Retirement System of Georgia (ERS) membership provides you

with a pension in retirement

• ERS membership is mandatory for full-time employees

• Employee contributions to ERS is a fixed percentage of earnings.

2. Your Peach State Reserves 401(k) (PSR) contributions will add to any benefit paid

to you by ERS during your retirement

• Participation in Peach State Reserves is voluntary.

• 401(k) contributions are subject to Employer matching funds.

• If you do not participate, you do not receive any matching funds.

Visit http://dnrintranet.org/hr/retirement to obtain additional information regarding theGSEPS Plan.

A GSEPS Plan Overview video is available for viewing at the following link:

https://www.youtube.com/watch?v=59-6jC3tgtA&feature=youtu.be

Georgia State Employees’ Pension & Savings Plan (GSEPS)

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Peach State Reserves Plan (PSR)

Characteristics:

401(k) contributions are matched at a rate of 100% on the first 1% of contributions andmatched at 50% on contributions 2% - 5%. Employee must contribute at least 5% to getmaximum match of 3% from the Employer.

The employee assumes the investment risk.

Investment returns are not guaranteed and are subject to the underlying investment(s)performance.

Your benefits are based on your participation in the plan and the performance of theunderlying investments you choose.

Benefits are finite. Once eligible (at age 59 ½), you have the choice to draw all of yourbenefits out at once, to pay it out over time or access the funds when it is most convenientfor you.

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Peach State Reserves 401(k) Plan (PSR)

The Peach State Reserves 401(k)Plan is administered through Georgia Breeze.

To contact Georgia Breeze, please call 1-877-342-7339 or access via their website at www.gabreeze.ga.gov

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GSEPS & PSR Vesting

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Retirement Vesting

Vesting is the process through which employees earn the right to receive benefits from their

retirement plan.

Employees in GSEPS have two different benefits to vest in:

1. The Employers’ Retirement System Pension

• Vesting occurs at 10 years of service

• If the employee separates prior to 10 years of service, the employee foregoes

the ability to receive a monthly pension annuity

2. The Peach State Reserves 401(k) with Employer Matching

• Vesting occurs over a 5-year period from hire date

• The employee becomes 20% vested each year in the employer match

• At 5 years, the employee is 100% vested in the employer match

Peach State Reserves (PSR) provides an opportunity to save for retirement while reducing

current taxable income and accumulating tax-deferred savings.

Questions regarding PSR should be addressed to a GaBreeze Representative by calling the

GaBreeze Benefits Center at 1-877-342-7339 or accessing their website at

www.gabreeze.ga.gov

Note: Additional information can be obtained by visiting the Georgia Employees’ Retirement

System website at www.ers.ga.gov and click on Plans and then on Peach State Reserves

tab.

Peach State Reserves 457 Plan Deferred Compensation

Information

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Peach State Reserves 401(k) and 457 Plan Comparison

10The 401(k) Plan and 457 Plan comparison may be found at; https://www.ers.ga.gov/peach-state-reserves

Peach State Reserves 401(k) and 457 Plan Comparison

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Peach State Reserves 401(k) and 457 Plan Comparison

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Peach State Reserves Roth Contribution Savings Plan Option

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Peace Officers’ Annuity and Benefit Fund (POAB)(P.O.S.T. Certified Law Enforcement Officers only)

POAB is a supplemental retirement fund for law enforcement officers. Membership in the Peace

Officers’ Annuity and Benefit (POAB) Fund of Georgia is limited to P.O.S.T. Certified Law

Enforcement Officers who are employed by the State of Georgia or any of its political

subdivisions: whether by election or appointment, who devote their full time to such

employment.

If you are a P.O.S.T. Certified Law Enforcement Officer who becomes a POAB member,

you may be eligible for retirement benefits.

For additional POAB information, please visit www.poab.georgia.gov.