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Fairfax County, Virginia
Fairfax County Virginia
Fairfax County Virginia

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Management and Budget

  1. Home
  2. Management and Budget
  3. Retirement System Review

Management and Budget Alert:

CONTACT INFORMATION: Our office is open 8:00 AM - 4:30 PM M-F
703-324-2391 TTY 711
DMBInfo@fairfaxcounty.gov
12000 Government Center Parkway Suite 561
Fairfax, VA 22035-0074
@fairfaxcounty
Philip A. Hagen
Director

Department Resources

  • Department Homepage
  • Department Divisions
    • Budget Management Division
    • Countywide Strategic Planning
    • Countywide Data Analytics
    • FOCUS Business Support Group (FBSG)
  • Budget Documents
    • Current Year Budget (FY 2027)
    • Advertised Budget Plan (FY 2027)
    • Budget Archives
  • Capital Improvement Program (CIP)
    • Current CIP Information
    • CIP Workshop Presentations
    • CIP Archives
  • Joint Board of Supervisors / School Board CIP Committees
  • Budget Committee Meetings
  • Budget Process Questions & Answers (Q&As)
  • Economic Indicators
  • Financial Transparency
  • Independently Registered Municipal Advisor Exemption Letter
  • Youth Leadership Program

Related Resources

  • Retirement System Review
  • Retirement System Review Q&As
  • Retirement Work Group
  • Retirement Work Group Q&As
  • Retirement Systems Homepage
  • twitter

Retirement System Review

The Board of Supervisors engaged in a thorough review of the retirement benefits provided to merit employees.  Based on this review, adjustments were made to the benefits offered to new County employees hired on or after July 1, 2019.  Materials presented to the Board as part of this review and other relevant documents are provided at the links below.  

ADDITIONAL RESOURCES:

  • Questions and Answers
  • Retirement Work Group

Changes adopted for new employees hired on or after July 1, 2019

On December 4, 2018, the Board of Supervisors amended the benefits offered to new employees hired on or after July 1, 2019.  These changes include eliminating the pre-Social Security supplement in the Employees and Uniformed systems and eliminating a provision in all three systems that increased the initial calculation of retirement annuities by three percent.

Related Resources

Adopted Changes

Personnel Committee Meeting - June 26, 2018

Materials for discussion of the Retirement System Review at the June 26, 2018, meeting of the Personnel Committee are included below.

Related Resources

View June 26 Presentation
Details on Proposed Package and One-Page Summaries of Potential Changes

Personnel Committee Meeting - May 22, 2018

Materials for discussion of the Retirement System Review at the May 22, 2018, meeting of the Personnel Committee are included below.  The presentation will include an overview of the potential changes considered by the Retirement Workgroup and the final package considered, but not supported, by the workgroup.

Related Resources

View May 22 Presentation
Details on Proposed Package and One-Page Summaries of Potential Changes

Potential Plan Design Changes

This presentation to the Personnel and Reorganization Committee of the Board of Supervisors on October 3, 2017, reviewed the impact of potential changes to the retirement systems on the benefits that would be received by future employees and the County's funding requirements.

Related Resources

Potential Plan Design Changes Presentation

Virginia Code Requirements

This presentation to the Personnel and Reorganization Committee of the Board of Supervisors on June 13, 2017, described the County's requirement under Virginia Code to provide retirement benefits to its employees.

Related Resources

Virginia Code Requirements Presentation

Demographics

This presentation to the Personnel and Reorganization Committee of the Board of Supervisors on June 13, 2017, provided information about the County's employee and retiree populations.

Related Resources

Demographics Presentation

Lines of Business Review

During FY 2016, the County undertook a comprehensive review of its nearly 400 Lines of Business (LOBs) as part of a multi-year planning initiative.  The May 10, 2016, presentation on employee compensation (pay and benefits) included an overview of the County's retirement systems.

Related Resources

Lines of Business Presentation - Compensation

2012 Retirement Study

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.

Related Resources

2012 Retirement Study

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