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Retirees’ Information
Retiree Benefit Checks
For questions regarding benefit checks, you may contact the following payroll technicians:
- Last names beginning A-L, contact Tammy Martin at: 703-426-3936
- Last names beginning M-Z, contact Thelma Francis at: 703-426-3925
Other payroll issues can be directed to Bob Lausier, Finance Coordinator, at
703-426-3900.
| Benefit Disbursement Schedule 2008 |
| January 31 | July 31 |
| February 29 | August 29 |
| March 31 | September 30 |
| April 30 | October 31 |
| May 30 | November 28 |
| June 30 | December 31 |
Cost of Living Adjustments (COLA)
ERFC
A cost-of-living adjustment (COLA) is applied to your ERFC benefit annually
on March 31st, beginning in the first full calendar year following your retirement.
For example, if you retired in February 2008, your first COLA from ERFC
would be applied to your benefit on March 31, 2009.
Under current plan provisions, your first COLA will equal 1.49 percent of your
monthly ERFC retirement benefit, or roughly half of the full COLA amount.
Thereafter, a minimum 3% COLA will be applied to your ERFC benefit annually
on March 31st.
VRS
The Virginia Retirement System (VRS) Board of Trustees announced a 2.8% Cost of Living Adjustment (COLA) for retirees, effective July 1, 2008. The increase will be applied to the benefit payment eligible retirees receive dated August 1, 2008.
Important Reminder
Remember, as any changes occur in your life during retirement, such as a new marriage, a divorce, or the loss of a spouse or other dependent, you may need to update your ERFC income tax withholdings. To request a change, you must complete and submit an updated Federal and State Income Tax Withholding Form (ERFC-9) (PDF). You may download the form from this website, or call to request a copy by mail at 703-426-3900 or 1-800-426-4208.
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