City of Fairfax Supplemental Retirement Plans

Career City of Fairfax employees participate in two defined benefit pension plan systems, a primary plan (Virginia Retirement System or VRS), administered by the state and two supplemental plans (City of Fairfax Supplemental Retirement Plans), created and operated by the city.

The city provided Supplemental Retirement Plans cover (1) full-time career general employees and (2) police and firefighters.  Both supplemental plans are single employer, defined benefit pension plans, authorized by the City Council and administered by the City Retirement Committee, composed of nine individuals, seven committee members and two alternates.

Upon retirement, a participant in the two city plans would receive a monthly retirement allowance which is determined based on a certain percentage of the participant’s average final compensation at the date of retirement and the number of years of the participant’s credited service.  In the event of death prior to retirement, the beneficiary receives the same monthly benefit that would have been payable to the participant, assuming the joint and 100% survivor option was elected.

Meeting Schedule:

Four times per calendar year.

Meetings:

Current Members:

• Laszlo Palko, City Manager
• JC Martinez, Chair/Chief Financial Officer
•  So Lim, Councilmember
• Natalie Hinesley, Public Safety Primary Representative
• David Busch, Public Safety Alternate Representative
• Jamil Ahmed, Citizen Representative
• Steve Moloney, Alternate Retiree Representative
• Joel Hendelman, Retiree Representative
•  Linda Leightley-Alternate Retiree Representative
• Satoshi Eto-General Employee Primary Representative
• Joe Cotellessa-General Employee Alternate Representative.

Investment Reports: 

• FY 2022 Valuation General
• FY 2022 Valuation Public Safety
• FY 2021 Valuation General  
• FY 2021 Valuation Public Safety
• FY 2020 Valuation General  
• FY 2020 Valuation Public Safety

Booklets will be posted on the website when they become available. Please check back again later.

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