Advocating for Active and Retired
State Employees and Educators
The Georgia State Retirees Association (GSRA) is an organization focused on keeping retirees and prospective retirees from all parts of Georgia Government informed about any impacts to promised retiree and health insurance benefits.
The July Newsletter is published
The July Newsletter contains an update on the SHBP Customer Advisory Council, information about the TRS Unfunded liability, and more.
Final 2017 Budget Bill Contains One-time 3% ERS Adjustment
The House and Senate approved the 2017 Budget, which includes a 3% one-time adjustment for all ERS retirees (regardless of age) up to their first $30,000.00 of retirement benefits. These funds are a one-time adjustment and will not be added into base benefits. What this means is that for those whose benefits are below or up to $30,000.00, they will receive the full 3% adjustment. For those making $30,001 and above they will receive a flat $900.00.
Considering that orginally there were no funds in the budget for an adjustment for ERS retiree benefits to offset the rising cost of living, we think this is a great victory and the House and Senate are to be thanked for their efforts on our behalf!
GSRA Sends COLA Issue Paper to Legislators
GSRA sent two documents to every member of the General Assembly, a Memorandum and an Issue Paper. Both documents stress the need for a 3% adjustment to ERS retirees' benefits and movement toward equity for all state employees and retirees regardless of who they work for or what retirement system they retired under. Each document also stresses that we in no way wish to take away or reduce retirement benefits of any retirement system, rather to seek equity for all systems.
COLA Issue Paper