Compilation of Rules and Regulations of the State of Georgia Department 513 - RULES OF PUBLIC RETIREMENT SYSTEMS
Compilation of Rules and Regulations of the State of Georgia
Department 513 – RULES OF PUBLIC RETIREMENT SYSTEMS
The Department 513 rules govern Public Retirement Systems in Georgia. These include rules related to retirement benefits, membership, contributions, eligibility, and administration of public retirement plans for government employees.
Here is a general summary of what you can expect under Department 513:
🔹 Key Areas Covered:
Eligibility Requirements
Guidelines for who qualifies for membership in public retirement systems (e.g., state employees, teachers, public safety officers).
Rules for vesting and age/service requirements for retirement.
Benefit Calculations
Formulas for calculating monthly retirement benefits.
Provisions for early retirement, disability retirement, and survivors' benefits.
Employee and Employer Contributions
Contribution rates for both employees and the state.
Adjustments and funding policies.
Service Credit Rules
Earning, purchasing, or transferring service credit between systems (e.g., Teachers Retirement System and Employees' Retirement System).
Military service credit and leave of absence rules.
Refunds and Withdrawals
Conditions under which a member may receive a refund of contributions.
Reinstatement rules for withdrawn service.
Administrative Provisions
Board governance, reporting, and compliance.
Actuarial reviews and funding status requirements.
🔹 Applicable Public Retirement Systems in Georgia:
This department typically oversees rules for major systems such as:
Employees' Retirement System of Georgia (ERSGA)
Teachers Retirement System of Georgia (TRSGA)
Public School Employees Retirement System (PSERS)
Legislative Retirement System (LRS)
Judicial Retirement System (JRS)
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