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Georgia state retirees to get bonuses of up to $1,800

Background of american one dollar bills money tile money dollar tile / Getty Images
Background of american one dollar bills money tile money dollar tile / Getty Images Background of american one dollar bills money tile money dollar tile / Getty Images

By Associated Press 2 min read

ATLANTA (AP) – Georgia’s state workers participating in the Employees Retirement System will get bonuses of up to $1,800 this year, but will once again not get permanent increases in their pensions.

The Atlanta Journal-Constitution reports that the Employers Retirement System board voted Thursday to give 54,000 retired workers 3% bonus checks, capped at $1,800 for people with pensions at or above $30,000 a year.

Retirees have received similar bonuses in recent years. The checks generally go out in January and July.

Pensions average about $26,400 a year for employees getting checks, said Jim Potvin, executive director of the Employees Retirement System,

Leaders of the Georgia State Retirees Association would prefer that retirees get a permanent cost of living increase. That wouldn’t require a board vote each year, and future increases would compound upon each other.