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Employees Retirement System

Retirement-System-Reporting

View Official Policy: Employees Retirement System Policy

Act. No. 821 (B.B. 661), Ga. Laws 1998, was enacted effective July 1, 1998 which allows individuals employed with an employer covered by Employees’ Retirement System (ERS) or Teachers Retirement System (TRS) to retain retirement membership in ERS or TRS if such individual maintains vest service with said retirement system.  An individual with 10 years of ERS membership service (vested) who is employed with the University of Georgia on July 1, 1998 or after, may continue ERS membership in the event such individual elects (irrevocable) within 60 days of employment to retain ERS membership. Membership with ERS would engage on the date of election, and any TRS service/contributions deducted within the 60 days would be transferred to ERS by TRS. The Payroll Department will process retirement deductions from employee pay as appropriate and remit these funds on a timely basis to the Employees’ Retirement System of Georgia (ERS). The Department will also prepare and transmit retirement reports as required.

Responsibilities

Responsible University Senior Administrator: Vice President for Finance & Administration

Responsible University Administrator: Associate Vice President for University Business and Accounting Services

Policy Owner: Payroll

Policy Contact: Julie Camp

Phone Number: 706-542-3431

Date Issued:

Last Reviewed/Updated: