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The Certificate of Achievement for Excellence in Financial Reporting has been awarded to the Educational Employees’ Supplementary Retirement System of Fairfax County (ERFC) by the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR). The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.
The ERFC Comprehensive Annual Financial Report (CAFR), has been judged by an impartial panel to meet the high standards of the program including demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the CAFR.
The GFOA is a nonprofit professional association serving approximately 17,500 government finance professionals with offices in Chicago, IL, and Washington DC.
For a look at our award winning CAFR, click here.
The election for the Educational Employees’ Supplementary Retirement System of Fairfax County (ERFC) Board of Trustees to fill one three-year term trustee vacancy was electronically conducted as planned on April 22-24, 2014. ERFC is pleased to announce Nancy Hammerer, health and physical education teacher at Mark Twain Middle School, has been re-elected to serve as an ERFC trustee for three years beginning July 1, 2014.
The Educational Employees' Supplementary Retirement System of Fairfax County (ERFC) was established July 1, 1973, to provide an independent retirement plan for Fairfax County Public Schools' personnel that supplements the primary benefits they earn and receive separately from the Virginia Retirement System (VRS) and Social Security. ERFC is a public sector defined benefit plan, which operates under terms incorporated in the Fairfax County Ordinance and the ERFC Plan Document. The 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 authorizes all changes governing the provisions of the Plan. More
Among its member services, the ERFC Retirement office provides:
ERFC members include retirees, deferred, inactive and active Fairfax County Public Schools personnel, employed full-time in monthly-paid educational, administrative, and support staff positions. (FCPS' part-time administrative employees, as well as those employed in the Transportation, Custodial, Maintenance, or Food Services departments, are provided comparable retirement plan coverage under the Fairfax County Employees' Retirement System (FCERS).
The ERFC provides two defined benefit plan structures:
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8001 Forbes Place
Springfield, Virginia 22151-2205
September 5, 2014