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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 gross payroll stood at about $11,400,000 per pay period. For the fiscal year to date the administrator said annuity payments through Dec. 15 totaled $57,005,401.71 and that death benefits paid were $325,016.69.
Dawson reviewed the system's loan programs and portfolio-funded personal loan balances, reporting roughly $12,900,000 in the active personal loan program and $4,200,000 in the retiree personal loan program, plus a small number of legacy real-estate loans. On operations, Dawson said construction at the Havenside welcome center was about 95% complete, Building 3's catwalk and roof work were finished, and painting of Buildings 4 and 5 was scheduled next. He said permit applications had been submitted to the Coastal Zone Management office for a security building, and an RFB process for green-space work around the visitor center was underway.
Trustees heard a breakdown of rent and utility arrearages: rental arrears reported at $118,804 and average unpaid electricity of about $136,021.50, for a combined total near $254,850, with the largest portions attributed to two major tenants. Dawson said division of personnel owed about $13,431 and the police department under $9,000 in arrears; several other smaller amounts totaled under $2,000.
The administrator's remarks framed the operations update as part of ongoing management and preparations for the 2026 fiscal year; trustees asked clarifying questions before moving to the treasury report.
