ERFC Retiree Information
ERFC Retirement Forms, Publications and Resources
ERFC 1099‐R Tax Statements
The ERFC 1099‐R tax statements for benefit payments are produced and mailed to retired members by the ADP offices in Georgia by the January 31, 2019 deadline.
You can also view and print a copy of your 1099-R by logging in to your ERFCDirect account. Under “Benefit Information” on the left side of your home page, click “1099-R.” If you do not receive your printed 1099‐R statement by February 5, and you do not wish to access it through ERFCDirect, you may request one by calling the ERFC Finance office at (703) 426-3900.
ERFC Direct Deposit Schedule for Retiree Benefit Payments
ERFC mails printed benefit pay statements only upon direct written request or to provide notification to retirees and benefit recipients whenever changes occur in their net benefit payments – such as the implementation of a COLA increase, or a benefit offset at full Social Security age, or when tax withholdings are adjusted.
Complete and return the ERFC37 form - Request for Mailed Delivery of Printed Pay Statements only if you have a special need or interest that requires you to receive a printed ERFC benefit statement by mail every month.
For questions regarding ERFC benefit checks, please call: 703-426-3925
|ERFC Direct Deposit Benefit Disbursement Schedule - 2019|
|January 30, 2019||February 27, 2019||March 28, 2019|
|April 30, 2019||May 30, 2019||June 27, 2019|
|July 30, 2019||August 29, 2019||September 30, 2019|
|October 31, 2019||November 27, 2019||December 31, 2019|
Cost of Living Adjustments (COLA)
A cost-of-living adjustment (COLA) will be applied to your ERFC benefit annually on March 31, beginning in the first full calendar year following your retirement. For example, if you retired in February 2019, your first COLA from ERFC would be applied to your benefit on March 31, 2020.
Under current ERFC Legacy and ERFC 2001 Plan Tier 1 provisions, your first COLA will equal 1.49 percent of your monthly ERFC retirement benefit, or approximately half of the full COLA amount. Thereafter, a minimum 3 percent COLA will be applied to your ERFC benefit annually on March 31.
Under current ERFC 2001 Plan Tier 2 provisions, your first COLA will equal approximately half of the full COLA amount. Thereafter, the full COLA will equal 100 percent of the Consumer Price Index for all Urban Consumers (CPI-U) for the Washington, D.C., metropolitan area for the period ending in November of each year, capped at 4 percent.
COLA Effective July 1, 2019: Plan 1 = 2.44 percent; Plan 2 = 2.22 percent for all eligible benefit payments.
Cost-of-living adjustments (COLAs) allow your retirement benefit to keep pace with inflation. The COLA is based on the Consumer Price Index for all Urban Consumers (CPI-U), published by the U.S. Bureau of Labor Statistics and updated each July 1. During years of no inflation or deflation, the COLA is 0 percent.
If you retired under the Basic Benefit or Advance Pension Option, the COLA calculation is based on your Basic Benefit amount. If you retired under the Basic Benefit with the Partial Lump-Sum Option Payment (PLOP), Survivor Option or Survivor Option with the PLOP, the COLA calculation is based on your reduced benefit amount. Go to VRS for more information on Benefit Payout Options.
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). You may download the form from this website, or call to request a copy by mail at 703-426-3900 or 844-758-3793.