A study of Fairfax County's retirement plans was presented at the Personnel and Reorganization Committee of the Board of Supervisors in January 2012. The study was requested by the board and conducted by AON-Hewitt Consulting. The goals of the study were to:
- Determine the advantages and disadvantages of the county's current defined benefit plans in contrast to the defined contribution plans.
- Examine the county's approach to total retirement benefits, including retiree medical benefits.
- Benchmark the county's defined benefit program against competitors in the labor market, including several local jurisdictions, the Fairfax County Public Schools system, the state government (Virginia Retirement System) and the federal government.
Other updates on the study will be posted here as they become available.
Fairfax County Post Retirement Benefits Study, conducted by AON-Hewitt Consulting; released January 17, 2012
Personnel and Reorganization Committee: