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23 paź 2020 · As with most state pension funds, Virginia's hybrid teacher retirement system provides the greatest benefits to teachers who stay the longest, while leaving everyone else with inadequate benefits.
As public employees in the state of Virginia, teachers must enroll in the Virginia Retirement System (VRS). The VRS provides a defined benefit plan that will ensure you have monthly pension benefits the rest of your life.
The ERFC pension supplements the primary benefits you’ll earn from the Virginia Retirement System (VRS) and Social Security. Generally, full-time FCPS teachers, educational personnel, instructional assistants, administrators, administrative support staff, and technical staff are automatically enrolled in ERFC.
On this page, you will find detailed information about the salary scales, benefits packages, and other perks that come with being a valued member of our school system. Salary Scales. Salary scales for teachers and staff is based on a combination of experience and education level.
The Code of Virginia currently allows local school boards to use the Supplemental Plan to provide enhanced retirement benefits to Turnaround Specialists and the Middle School Teacher Corps. The Virginia Department of Education determines eligibility.
The Virginia Retirement System (VRS) is a mandatory defined benefit program sponsored by the Commonwealth of Virginia. All full-time educational, administrative, or operational employees (typically monthly-paid) are members of the VRS.
You are eligible for the VRS Hybrid Retirement Plan if your membership date is on or after January 1, 2014, and you are: A full-time permanent, salaried state employee. A faculty member of a Virginia public college or university, excluding those eligible for hazardous duty benefits.
