National Save for Retirement Week is a national effort to raise public awareness about the importance of saving for retirement. National Save for Retirement Week is held every year during the third week of October. The week provides an opportunity for employees to reflect on their personal retirement goals and determine if they are on target to reach those goals.
VRS members of the Hybrid Plan (hired 1/1/2014 and after) may contribute up to an additional 4 percent in 0.5 increments to the defined contribution component of the Hybrid Retirement Plan each month. Click on the link to learn the benefits of making voluntary contributions. Click Here to learn more.
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 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:
Monday through Friday - 8:00 am – 4:30 pm
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Find out about FCPS schedule changes and news through e-mail, web and cable television.
When Fairfax County Public Schools have a schedule change (closing or delay) due to inclement weather or other emergencies, the information is communicated as soon as the decision is made in these ways:
8001 Forbes Place
Springfield, Virginia 22151-2205
October 17, 2014