Do Fairfax County employees get Social Security?
Many employees in the Employees’ and Uniformed Retirement Systems will have a retirement benefit that is made up of two portions – their Base Benefit and their Pre-Social Security Benefit (Pre-SSB).
Does Fairfax County participate in VRS?
Virginia Retirement System (VRS) | Fairfax County Public Schools.
What is ERFC retirement?
ERFCDirect is a web portal that allows users to plan for retirement in a secure and reliable environment. Within the portal, you are able to: Estimate your future benefits. Review your personal membership data. Access ERFC forms.
What does Fairfax County include?
Geography
- Montgomery.
- Alexandria.
- Arlington.
- Fairfax.
- Falls Church.
- Loudoun.
- Manassas.
- Manassas Park.
When can Fairfax County teachers retire?
EARLY RETIREMENT: If you wish to retire early, you must be at least 50 years old and your age and service must equal 75 or more. Your early retirement benefit will be calculated in the same way as your normal retirement benefit.
What is pre Social Security benefits?
Social Security replaces a percentage of your pre-retirement income based on their lifetime earnings. The portion of your pre-retirement wages that Social Security replaces is based on your highest 35 years of earnings and varies depending on how much you earn and when you choose to start benefits.
How long is vested in Virginia retirement?
five years
You become vested when you have at least five years (60 months) of service credit. Vesting means you are eligible to qualify for retirement if you meet the age and service requirements for your plan.
How many years do you have to teach to retire in Virginia?
New teachers starting out in Virginia can retire with full benefits when they reach their normal Social Security retirement age with at least 5 years of experience, or when their age and years of service combine to at least 90 with a minimum of 5 years of experience.
What is Fairfax County known for?
Fairfax County is home to 11 Fortune 500 company headquarters, as of 2020. Fairfax County has the largest concentration of technology jobs of any major US market. Fairfax County is also home to some of the top emergency responders on international crisis teams in the country, most notably Virginia Task Force 1, VATF-1.