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Fairfax Educational Employees' Supplementary Retirement System (ERFC)
The Educational Employees' Supplementary Retirement System of Fairfax County was established on July 1, 1973, by agreement between Fairfax County Public...
Fairfax Educational Employees' Supplementary Retirement System (ERFC)
The Educational Employees' Supplementary Retirement System of Fairfax County was established on July 1, 1973, by agreement between Fairfax County Public Schools and the Fairfax Education Association. It operates as a defined-benefit plan that supplements retirement income from the Virginia Retirement System and Social Security for full-time employees of the school district. The system maintains its sole office in Falls Church, Virginia, draws contributions from negotiations between the district and the association, and structures its portfolio to meet obligations to a participant base limited to those employees. Its investment policy must integrate with the benefit rules and funding levels of the two larger programs it does not control.
General information
Firm type
Pension Fund
Year founded
1973
Location
Region
North America
Country
United States
City
Fairfax County
Corporate office
Falls Church, VA, United States
Frequently asked questions
Is ERFC a standalone pension fund or part of the Virginia Retirement System?
ERFC is an independent, supplementary defined-benefit plan established by Fairfax County Public Schools and the Fairfax Education Association. It operates separately from the Virginia Retirement System, providing an additional layer of retirement income on top of the benefits VRS and Social Security deliver.
Who can participate in ERFC?
Participation is limited to full-time employees of Fairfax County Public Schools. The fund was created specifically for this workforce and does not extend coverage to other Virginia public school divisions or state employees.
How is ERFC funded?
ERFC is funded through contributions negotiated between Fairfax County Public Schools and the Fairfax Education Association. It does not accept voluntary participant contributions from non-FCPS employees and has no mandate to raise external capital.
What is ERFC's investment mandate?
As a supplementary defined-benefit plan, ERFC must generate returns sufficient to pay a layer of retirement benefits beyond what VRS and Social Security provide, while maintaining the liquidity and asset-liability matching stability required by its participant-only, single-employer structure.
Does ERFC disclose its asset allocation or investment holdings publicly?
ERFC does not publicly disclose detailed portfolio holdings, asset allocation, or a specific AUM figure through its primary website or LinkedIn presence.
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