ERFC Financials

Review ERFC investment policies, actuarial valuations, financial reports and more

ERFC-Direct ERFC 2001 Tier 2 Plan ERFC 2001 Tier 1 Plan ERFC Legacy Plan ERFC Financials

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.

ERFC Snapshot

As of December 31, 2019

Pension Fund Contribution
17.1%
1-Year Return on Investments
(after fees)
graphic showing 5 years needed to be vested
74% Funded
Graphic showing Money Bag and Calculator
2.6 Billion
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39,145 Members

 

Total ERFC Membership

As of July 1, 2020

ERFC Memberships Statistics as of July 1st, 2020

Contribution Rates

Fiscal Year 2020

Contribution_Rates

Asset Allocation

For the period ending June 30, 2019

Asset_allocation

Performance

For the period ending June 30, 2019

Performance

 

ERFC Financial Reports, Policies and Documents

Comprehensive Annual Financial Report (CAFR) 2018-2019

Other CAFRs available upon request

ERFC Popular Annual Financial Report (PAFR) 2015-2019

Investment Policy Statements

ERFC Actuarial Valuations

ERFC GASB 67/68 Report (2017)

Request for Proposals

No active RFPs

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