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GERS administrator reports payroll growth, benefit payouts and operational updates
Summary
The Government Employees Retirement System administrator reported additions to retiree payrolls, annuity and death-benefit disbursements through Dec. 15, property maintenance updates at Havenside, and rent/utility arrearages, while noting ongoing loan program balances.
The Government Employees Retirement System administrator reported Dec. 15 program and operational figures at the trustees' Dec. 18 meeting, including new retiree payroll additions and large routine benefit payouts.
Administrator Dawson reported that through Dec. 15 the system added 72 retirees to the payroll and that an additional 16 were added on Dec. 15; “a number of retirees expected to be placed on payroll with the upcoming paydays,” Dawson said. He told trustees the retiree…
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