Benefits

Benefits:

Georgia provides a large and varied uniform set of health and flexible benefits for eligible state of Georgia employees at competitive premiums. Plus, state employees can save even more when choosing benefits with pre-tax premiums. By electing to pay pre-tax, employees do not have any federal, state, or FICA taxes withheld on the money from their paycheck used to pay for the benefit options. As a result, employees have more take home pay when compared to paying the same premiums with after-tax dollars. The Benefit options include:

Health Insurance:
The State Health Benefit Plan offers employees various options for health care (depending on employee’s geographic location). In fact, every effort is made to ensure quality health care services for members while maintaining the fiscal integrity of the plan.

Employee Life, Spouse Life and Child Life Insurances:
Many employees have the option of selecting protection for themselves at up to nine times the employee’s salary. Plus, Georgia offers spousal and dependent coverage as well – at various coverage levels not to exceed 100 percent of the employee’s life insurance.

Vision Insurance:
An option not commonly offered by employers today, state employees may select vision insurance to receive numerous eye care services.

Dental Insurance:
Dental insurance, an important part of an employee’s overall health coverage, includes everything from semiannual teeth cleaning to dentures.

Accidental Death & Dismemberment (AD&D) Insurance:
State employees may select AD&D insurance at coverage levels one to five times the employee’s benefit salary for further financial security for an unforeseen death or injury that is covered by the plan.

Health and Dependent Care Spending Accounts:
Set aside pre-tax dollars and save on health related treatment not paid for by insurance or for the care of a child under 13 or to care for an elderly dependent parent.

Short- & Long-term Disability Insurance:                                                                                                                 
Have peace of mind. The state’s disability options help provide employees with income protection that offer financial security against the unexpected.

Specified Illness Insurance:                                                                                                                 
Includes Accident Benefits for you and your family in the event of an on or off the job accidental injury.

Legal:                                                                                                                 
This plan allows for easy access to experienced, local network attorneys for a low, affordable rate.

Retirement:   
Retirement Hybrid Plan, which combines a traditional defined benefit plan (pension) with a defined contribution plan, or 401 (k).

Save for retirement above and beyond Georgia’s retirement plan with a Section 401(k) Plan and a Section 457 Plan. Regulated by Congress, deferred compensation/defined contribution plans allow employees to put aside a portion of their pay before State or Federal income taxes are deducted. There are 17 mutual funds that provide a broad range of investment styles (also called “asset classes”), including growth and value stocks; small, medium and large company stocks; and combinations of stocks and bonds. The Plan further offers a stable value option (the Fixed Income Option) that provides a guaranteed rate of return and does not invest in the stock market.

For more information about employee retirement benefits and Peach State Reserves, visit: www.ersga.org.