Moststate workers also will get $5,000 raises, while larger increases will go to correctional officers in the adult and juvenile prison system plagued with high turnover rates. Follow Jeff Amy on Twitter athttp://twitter.com/jeffamy. There also will be a bonus contribution for longevity after. House Bill 911 goes to the Senate for more debate after passing the House 155-3 on Friday. beneficiary you will periodically receive information from: New and exciting enhancements are coming to the Georgia State Plus, all eyes are on Gov. Brian Kemp as he kicks off his second term. It will be either in April or May, probably will be closer to May, Woods said. House Bill 911 goes to the Senate for further debate after passing House 155-3 on Friday. Teachers, state employees, lawmakers and retirees would receive pay bumps. However, this is a good time to review Other state employees will get $3,750 bonus payments, but Senate Appropriations Committee Chairman Blake Tillery, a Vidalia Republican, has said state law prohibits such bonus payment to elected and certain appointed officials. Thats 225 more than the normal 100 increase, but not nearly enough to erase the several thousand waitlist for search services. Slide presentation from the February Board protocols to keep your personal information safe. a document for it to be available to ERSGA staff. The Georgia State Retirees Association . Click here to watch Clark Howard's thank you video, Proposed Amendments to the Rules and Regulations for ERS and LRS, Notice: Reconfirm Email for New Mailchimp Policy, Please read if you received a confirmation request email. But Tillery injected a note of caution, citing the most recent report from the state Department of Revenue that showed tax receipts rose just 1% last month compared to February of last year. Brian Kemp signed last week. During the 2022 Legislative Session, the Georgia General Assembly great reminder to save as much as you can for your retirement. It also increases the number of supportive housing vouchers by 500. Among those getting $5,000 pay raises would be all the state's elected officials including the 56 state senators and 180 House members. THOUSANDS of state employees could get a $5,000 salary boost under a new proposal. short, helpful videos on the GSEPS page. The state would also increase its payments to nursing homes and long-term acute care hospitals. Trustees for the Employees Retirement System (ERS) approved a The state would boost university funding by $230 million, with the University System of Georgia agreeing to remove certain fees that were added during the Great Recession, effectively cutting student costs. Friday is payday, of a sort, for 270,000 state, public university and K-12 employees in Georgia . Corrections officers also seeing a pay bump as they face dramatic turnover and retention challenges. Were finally in a position to do some of them.. intent from the Boardof Trustees for the Employees 5% match. dollar, up to 5% of pay. There would be additional $2,000 pay boosts for guards in prisons and juvenile justice facilities, additional pay boost for nurses and others workers at mental hospitals, plus an additional $12 million to boost guard salaries at private prisons that hold Georgia inmates. For more information about the GSEPS plan, please watch our limits in 401(k) and 457 plans for 2022 will increase for 2023. Other state employees will get $3,750 bonus payments, but Senate Appropriations Committee Chairman Blake Tillery, a Vidalia Republican, has said state law prohibits such bonus payment to elected and certain appointed officials. The spending plan, which runs through June 30, now moves to the state Senate for more debate. The budget also restores some state money that was cut at the beginning of the COVID-19 pandemic, such as funding for forestry and for 22 game wardens. communication provider, Mailchimp, some members may receive an Lawmakers plan to roll a full $5,000 raise for employees and $2,000 for teachers into next years budget. ATLANTA (AP) Georgias state employees and K-12 teachers will get paid more, taxpayers will get rebates and the state will spend hundreds of millions on new prisons and other projects under a revised budget passed Friday by the state House on a 152-4 vote. The new pay boosts could go into effect as early as April Credit: Getty Images. The budget likely will land next in a joint conference committee so House and Senate negotiators can resolve their differences and come up with a final version of the spending plan. Thats 225 more than the normal 100 increase, but not nearly enough to clear the multi-thousand waiting list for search services. Senators have traditionally been more hesitant about raises, but approved three months of the $5,000 increase starting April 1 when they approved the amended budget on Friday. In addition, if you have a PSR balance, The bill gives a $5,000 pay increase for state employees. A phased-in $1 billion state income tax cut will kick in starting in 2024. Retirees: Its Annual Enrollment Time for Health and Flexible Benefits! Dont miss TRSsspecial inside look interview with Jim adjustments to retirees and beneficiaries in FY 2023. the PSERS plan page. The state would cut fees . This story comes to GPB through a reporting partnership with Capitol Beat News Service, a project of the Georgia Press Educational Foundation. New and exciting enhancements are coming to the Georgia State Employees' Pension and Savings Plan (GSEPS)! We employ numerous security Plus, he wants to allow a withdrawal of up to 40 hours of eligible leave each year. accessibility problem or have an accessibility question, please A $30,000-a-year pension in 2009 would be worth more than $44,000 next year if ex-state workers had received the same COLA as Georgia's retired educators. These are things that are needed, England said afterwards. The state would also spend $193 million to buy more than 1,700 school buses. 401(k) and 457: The age for Required Minimum Distribution (RMD) During the 2022 Legislative Session, the Georgia General Assembly approved a significant increase in the state employee 401(k) employer match, with an enhanced benefit that increases with your years of service. Pursuant to the actions taken during the regular Board This year is seeing a huge burst of spending even as Kemp and lawmakers face reelection later this year, thanks to bountiful state tax collections. Legislative Retirement System (LRS), the Judicial Retirement Click the image below to watch the video. Make sure youre saving at least 5% to take advantage Those are things that are needed," England said afterward. The budget also includes $388 million to restore cuts to the states K-12 student funding formula imposed during the pandemic. ATLANTA The Georgia state governments 2023 budget promises more money for teachers, state employees, legislators and retirees, lower fees for college students, and more spending on mental health and police, thanks to generous government revenues. It includes the $2,000 final installment of a $5,000 pay hike for Georgia teachers Kemp promised on the campaign trail four years ago. accessibility problem or have an accessibility question, please Official Code of Georgia Annotated, the "Public Retirement Syst ems Investment Authority Law," so as t o raise the limit f or the total percentage of funds that the Employees' Retirement System of Georgia may invest in alt ernative investments; t o provide for related matt ers; to repeal conflicting la ws; and for other purposes. This amended budget fully restores austerity cuts made to the k-12 budget during the covid recession through more than $388 million, Kemp said. Employees Pension and Savings Plan (GSEPS)! Meanwhile, Georgia state House Speaker David Ralston warned that there might not be enough money to boost everyones pay. Actions taken by the Boards are as follows: The benefit rate for members of the Public School Employees Monday on Political Rewind: It's the first day of the 2023 Legislature. Are you ready to retire in the next six months? ERS Georgia State Employees' Pension and Savings Plan (GSEPS), Public School Employees Retirement System. RELATED: Gov. ATLANTA - Friday is payday, of a sort, for 270,000 state, public university and K-12 employees in Georgia. Brian Kemp became. like buying back your previous ERS or Teachers Retirement System DeKalb County CEO Michael Thurmond is a public servant who has worked for decades to reform some of the state's most broken institutions. The document would continue $2,000 increases for teachers and $5,000 increases for state employees that will begin in the separate amended 2022 budget in House Bill 910, which won final passage in the Senate on Friday and was sent to Republican Gov. We have prioritized education, public safety and health care, even when we faced truly unprecedented times, Kemp said during a budget signing ceremony at the University of North Georgias Blue Ridge campus. COLAs are granted to eligible retirees on July 1 and January 1 of each year in accordance with Board policy (Administrative Rule 513-5-1-.16). GaBreeze for PSR1.877.342.7339. Follow Jeff Amy on Twitter at http://twitter.com/jeffamy. Even if you cant contribute to the maximum amount, this is a Pursuant to the actions taken during the regular Board meeting in Brian Kemp proposed. Our future, our states future.. The General Assembly increased teachers pay by $3,000 in 2019. In addition, Mr Kemp proposed to bump teachers pay by $2,000 and then meet a $5,000 goal over four years. to adopt the following proposed amendments to the Rules and If the proposal becomes law, it will be the first cost-of-living adjustment for Georgia employees in 14 years, Kemp said. communications offering to help you understand your benefits. The budget also would repeal the institutional fees the University System of Georgia began charging students during the Great Recession and would increase Medicaid coverage for low-income mothers in Georgia to a full year following the birth of their children, up from the current six months. It's currently capped at 3%. our online secure portal? saving at least 5%: To view your Creditable Service, please log in to your ERSGA Joint filers will receive up to $500. communications from ERSGA. In addition, the number of subsidized housing vouchers will be increased by 500. Plus, these retailers willpay your college tuition. That includes hiring 10 more state troopers for the state's SWAT team, which serves many rural counties, more pay for troopers working in Atlanta, and 10 more troopers for a DUI task force in metro Atlanta, Macon and Columbus. Turnover cripples our ability to deliver the core services that a state should deliver, England said, and extra pay rises could help retain and attract staff. Atlanta Mayor Andre Dickens has worked hard to thwart a move for Buckhead to secede from the city of Atlanta. The 2023 budget also would pay the first cost-of-living increase in 14 years to retired state employees who draw pensions from the Employees Retirement System. The list gets longer every day. The state would increase university funding by $230 million, with Georgias university system agreeing to eliminate certain fees added during the Great Recession, effectively reducing student costs. They also added $3.5 million to fully cover the cost of bonuses for cafeteria workers. That includes hiring 10 more state troopers for the states SWAT team, which serves many rural counties, more pay for troopers working in Atlanta, and 10 more troopers for a DUI task force in metro Atlanta, Macon and Columbus. your beneficiary designations. Like us on Facebook atwww.facebook.com/TheSunUSand follow us from our main Twitter account at@TheSunUS, Dollar Tree announces 'aggressive' new change to up prices in 1000s of stores, Walmart shoppers rush to buy $22 clothing item that scans at register for $1, Four new Dollar Tree changes to stores and customers like the experience, Five big name stores to close doors and clear shelves this month, 2020 THE SUN, US, INC. ALL RIGHTS RESERVED | TERMS OF USE | PRIVACY | YOUR AD CHOICES | SITEMAP, The new pay boosts could go into effect as early as April, RHOBH alum Lisa Vanderpump's staffers 'FURIOUS' after she fights against raising minimum wage for LA restaurant workers, offering incentives including sign-up bonuses, major retailers including Target and Home Depot. The Senate panel put its stamp of approval on a $5,000 pay increase for state employees and a $2,000 raise for Georgia teachers Gov.