GDCP NEW HIRE LETTER
Congratulations on your new employment! One of the benefits included with your employment
is membership in the Georgia Defined Contribution Plan (GDCP). Enrollment in the Defined
Contribution Plan is a mandatory condition of your employment and requires you to contribute to
the Plan through payroll deduction beginning immediately.
As a member of the Georgia Defined Contribution Plan, your contribution is equal to 7.5% of
your eligible pay. More information about your contributions and the benefits provided by the
Georgia Defined Contribution Plan are available in the Employee Handbook. You can access
the Handbook online at www.ers.ga.gov
by choosing “Georgia Defined Contribution Plan” under
“Pension Plans” in the left hand menu, then clicking on “Handbook” in the right hand menu.
Once the Georgia Defined Contribution Plan has received your first monthly contribution and set
up a pension record for you on our system, you will receive a letter from us asking that you visit
our website and “register” for your online account. We will also request that you provide
information on your beneficiary elections in the event that you pass away before you start your
retirement benefits. This is very important as we want to follow your wishes in the distribution of
any benefits.
If you have been a member in the Georgia Defined Contribution Plan before, you can access
your online account now and provide this information. If not, you will receive your letter from us
in about 30 to 45 days.
Once again, congratulations on your new employment and welcome to the Georgia Defined
Contribution Plan. If you need any additional information on the Plan, please visit our web site
at www.ers.ga.gov
.
