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About ERFC
The Educational Employees’ Supplementary Retirement System of Fairfax County (ERFC)
was established July 1, 1973, to provide members an independent retirement plan that
would supplement their primary benefits from the Virginia Retirement System (VRS) and
the Social Security Administration throughout retirement. ERFC is a public sector defined
benefit plan, which operates under terms incorporated in the Fairfax County Ordinance
and the ERFC Plan Document. The Fairfax County School Board authorizes all changes
governing the provisions of the Plan.
The ERFC Defined Benefit Plan has been improved and amended several times as necessary
over the years since its inception. In early 2001, a new Plan of benefits, ERFC 2001, was
developed for FCPS educational and administrative employees hired on or after July 1, 2001.
Members hired before July 1, 2001 are covered under ERFC, or the “Legacy” Plan structure.
Both ERFC and ERFC 2001 are part of the Educational Employees of Fairfax County Defined
Benefit Plan.
Mission Statement
The mission of the Educational Employees’ Supplementary Retirement System of Fairfax County (ERFC)
is to enhance the financial well-being and security of its members and beneficiaries,
while maintaining the stability and longevity of the fund, through prudent financial
stewardship of a defined benefit retirement plan. It is also to provide members with
responsive, professional and personalized services, consistent with practices that ensure
the promises made are financed soundly by assets administered in the interests of the plan
participants.
Board of Trustees
ERFC is governed by a seven member Board of Trustees, which administers the retirement program
according to the requirements of the Plan Document and other governing law. The Fairfax County
School Board appoints three of the members to the ERFC Board, and three Board members are elected
by the membership of the System. These six ERFC trustees then refer and recommend a seventh candidate
for approval by the School Board as the final ERFC Board member. This “individual Trustee” must be someone
who is unaffiliated with either Fairfax County Public Schools or the Fairfax County School Board, and who
possesses strong financial and/or investment skills. The full ERFC Board of Trustees appoints an actuary, an investment
consultant, legal counsel, and an executive director to administer and transact the System’s business.
Board meetings are held monthly throughout the year, excluding August.
Board of Trustees - Fiscal Year 2008
Michael Hairston - Chairperson & Trustee
Jeannine Maynard - Vice-Chairperson & Trustee
Deirdra McLaughlin - Treasurer & Trustee
Tom Bowen - Trustee
Leonard Bumbaca - Trustee
Nitin Chittal - Trustee
Richard Moniuszko - Trustee
Administration and Assistance
Under the management of the executive director,
the ERFC staff performs the direct services for members
and their beneficiaries, such as responding to members’ inquiries, calculating retirement benefit estimates,
processing retirement applications, maintaining member accounts, and processing the retirement payroll.
The Board of Trustees and ERFC staff work together to provide members consistent and thorough benefit information
throughout their FCPS careers and during retirement.
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