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City of Alexandria, VA City of Alexandria, VA
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Page updated Apr 30, 2014 11:03 AM
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City Employees (Non-Public Safety) Retirement Benefits


Information for New and Potential Employees

Retirement Benefit Plans Summary for General Schedule Employees (includes 457 Deferred Compensation Plan)

Important information regarding payroll deducted contributions for new employees or employees newly covered by the Virginia Retirement System


Announcements

VRS Hybrid Retirement Plan Effective January 1, 2014:  Beginning January 1, 2014, employees newly covered under the Virginia Retirement System (VRS) will be enrolled in new VRS Hybrid Retirement Plan (Hybrid Plan).  Benefits for current VRS members (Plan 1 and Plan 2) will remain the same.   Current Plan 1 and Plan 2 members do not need to take any action unless they are interested in voluntarily transferring to the Hybrid Plan.  Read for details. 


Seminars, Workshops, and Webinars

None are scheduled at this time.  Please check back often for updates.


Retirement and Benefits Guides


Virginia Retirement System (VRS) Employer Code 55200

The City provides retirement and disability retirement benefits under VRS for regular, full-time employees. The VRS web site, forms and publications may refer to other benefits that VRS provides to participating employers. However, the City does not participate in any benefits other than the ones described here.

Important VRS Information 

Beginning January 1, 2014, employees newly covered under the Virginia Retirement System (VRS) will be enrolled in new VRS Hybrid Retirement Plan (Hybrid Plan).  Benefits for current VRS members (Plan 1 and Plan 2) will remain the same.   Current Plan 1 and Plan 2 members do not need to take any action unless they are interested in voluntarily transferring to the Hybrid Plan.  Read for more details.  

Forms and Publication 

  • Applying for Service Retirement has instructions. The following forms needs to be completed to apply for a VRS retirement:  
  • Applying for Disability Retirement has instructions and the following forms that an employee needs to apply for a disability retirement from VRS:
    • Application
    • Explanation of Disability
    • Physician's Report
    • Employer Information
    • Tax Withholding
    • Direct Deposit Forms

      NOTE: Employees applying for a disability retirement should contact the Pension Administration Division as soon as possible.
     
  • Designation of Beneficiary
    • Complete Part A on page one, but not Part B. In Part C, you may list individual beneficiaries or check box 8, but do not do both. If you choose box 8 you are requesting death benefits be paid according to state law. The instructions provide information how benefits are paid according to the law of Virginia. Mail your completed form to the Pension Administration Division in Room 1400, City Hall, mailbox 42.
    • Contact Human Resources if you wish to designate, or change the designation of, the beneficiary of your City life insurance benefit.
     
  • VRS Handbook   

VRS Website 

  • VRS website View information on the Member tab. You are able to view your personal information and create retirement estimates when you log onto myVRS.
  • myVRS User Guide: a short easy-to-read guide that describes how to register and use the VRS website

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Supplemental Retirement Plan Contract 16741

Documents 

Beneficiary Designation 

Prudential Retirement 

Prudential administers the Supplemental Retirement Plan. Employees may visit the Prudential website to calculate retirement benefits and to view information on retirement planning.

For help with registering and using the Prudential website, contact :

Prudential
1.877.778.2100
Monday - Friday, 8 a.m. - 9 p.m.
 


Supplemental Retirement Plan Board

The Supplemental Retirement Plan has a Pension Board made up of representatives from General Schedule employees, Deputy Sheriffs, Medics, and Fire Marshals as well as City management.

Member 

Term Ends 

Member 

Term Ends 

Shane Cochran (Chairman/General Schedule)  December 31, 2014 Young-Ju Kim (Medic/Fire Marshal - Alternate)  December 31, 2016
Brenda D’Sylva (General Schedule - Alternate)  December 31, 2016 Nancy McFadden (Medic/Fire Marshal)  December 31, 2016
Bill Eger (General Schedule - Alternate)  December 31, 2014 Marietta Robinson (General Schedule) December 31, 2016
Tom Gates (Management)  Appointed by the City Manager Nelsie Smith (Management)  Appointed by the City Manager
Robert Gilmore (Deputy Sheriff)  December 31, 2014 Laura B. Triggs (Secretary/Management) Appointed by the City Manager
Jean Kelleher (Management)  Appointed by the City Manager Valarie Wright (Deputy Sheriff - Alternate) December 31, 2014

 
Board Meeting Schedule 

The Pension Plan Board holds meetings throughout the year in City Hall, 301 King Street, in the room indicated below. Meetings are open to the public. During Due Diligence Meetings, the Board focuses on reviewing investment reports of the pension and disability funds. These meetings may last three hours or longer. Interim meetings may be shorter and often include educational presentations. The Board may consider other issues brought to their attention at any meeting.

Date  Day  Time  Meeting Form  Location 
January 8, 2014  Wednesday 8:30 a.m. Interim Meeting Sister Cities 1101
February 13, 2014  Thursday 8:30 a.m. Due Diligence Meeting Council Workroom
March 5, 2014  Wednesday 8:30 a.m. Interim Meeting City Hall Room 2000
April 2, 2014  Wednesday 8:30 a.m. Interim Meeting Sister Cities 1101
May 9, 2014  Friday 8:30 a.m. Due Diligence Meeting Sister Cities 1101
June 12, 2014  Thursday 8:30 a.m Board Retreat Sister Cities 1101
July 9, 2014 Wednesday 8:30 a.m.  Interim Meeting  Sister Cities 1101 
August 6, 2014  Wednesday 8:30 a.m. Interim Meeting Sister Cities 1101
September 11, 2014  Thursday 8:30 a.m. Due Diligence Meeting Sister Cities 1101
October 1, 2014  Wednesday 8:30 a.m. Interim Meeting Sister Cities 1101
November 13, 2014 Thursday 8:30 a.m Due Diligence Meeting Sister Cities 1101
December 3, 2014 Wednesday 8:30 a.m Interim Meeting Sister Cities 1101

 
Board Meeting Minutes (Notes) 

 Minutes from Prior Meetings 

Investment Policy Statement (IPS) 

The Supplemental Reitrement Board is responsible for the investments of the Plan.  Click HERE to see the current Investment Policy Statement.

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ICMA-RC Payroll Roth IRA Account Number 705691

The City is now providing employees an additional way to save for retirement. Employees who enroll in a Payroll Deduction Roth IRA account with ICMA-RC will be able to make contributions to that Roth IRA account using payroll deductions. For more details click on the following.

 


 

Deferred Compensation Plan Plan Number 300832

The City sponsors the 457 Deferred Compensation Plan (457 Plan) with ICMA Retirement Corporation (ICMA-RC) to help employees save for retirement. A 457 plan is a savings plan available to state and local government employees that allows an employee to save through payroll-deducted contributions on a pre-tax basis. This means the contributions are deducted from the paycheck before federal and state taxes are withheld and the amount of taxable income is reduced by the amount of the contribution. Earnings also accumulate on a tax-deferred basis. Taxes are paid on contributions and interest when money is withdrawn.

For those just starting out, payroll-deducted contributions can be as little as $10 per pay period and up to the annual deferral limit for the year. The Internal Revenue Service determines the maximum deferral limit each year.

Log onto the ICMA-RC web site, www.icmarc.org, to view your account information, information on the funds, and to learn about investing. You will need to use the City Plan Number, 300832, the first time you log onto the website.

To request an Enrollment Kit, email: Email button(1) or call 703.746.3879.

Changing Your Contribution 

If you want to change your contribution amount to the new deferral limit, or make any other change to your contribution amount, you will need to complete a 457 Deferred Compensation Plan Amount of Deferral Change Form. Complete the form with your new contribution amount and send it to:

Pension Administration Division
City Hall, Room 1400 
Box 42

Catch-Up Options 

Employees have two opportunities to catch-up on contributions that they did not make in the past.

  • Age-50 Catch-Up: Any employee who turns 50 or older during the year is eligible.
  • Pre-Retirement Catch-up: Available to employees who are eligible to retire within the next three years with an unreduced retirement benefit. The amount that you may actually contribute under this provision is determined by subtracting the actual amount you have already contributed from the maximum allowed. This provision is complicated for employees who wish to defer some or all of their leave payout at retirement.
    For more information on the Pre-Retirement Catch-Up and deferring leave payout, contact:
Pension Administration Division
301 King St., Room 1400 
703.746.3879

The booklet 457 Deferred Compensation Plan Catch-Up Provision Packet provides more information on the Age-50 Catch-up and the Pre-Retirement Catch-up provisions.

ICMA-RC Representative and Investor Relations 

The City's ICMA-RC representative, Gloria Moody, is available to meet employees to discuss the 457 Plan. She will make appointments to meet employees at their locations or over the phone. To arrange a meeting or talk about the plan, call:

Gloria Moody
1.866.328.4666
Monday-Friday, 8:30 a.m. to 9 p.m.

For answers to questions or assistance with using the website call:

Investor Relations
1.800.669.7400
Monday-Friday, 8:30 a.m. to 9 p.m.

Forms and Publications 

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Social Security


Retired Employee Information

  • Why am I receiving a W-2 if I am a City Retiree? This information applies to retirees who have City life insurance benefits.
  • Virginia Retirement System (VRS) Retiree Web Page 
  • Letter from VRS to Retirees Requesting Repayment for 2009 - 2011 COLA Overpayments
    VRS mailed letters to retirees and beneficiaries in July 2012 to notify them about overpayment of Cost of Living Adjustments (COLAs) for 2009 - 2011. The VRS letter explained the reason for the overpayment and how much each retiree or beneficiary must repay VRS.  Retirees and beneficiaries who have questions on the letter should call VRS at 888.827.3847 for more information.
  • Contact Information for the City pension retirement and 457 Deferred Compensation plans.
    • Contact VRS at 1.888.827.3847 Monday - Friday from 8:30 a.m. to 5 p.m. if you have questions on your monthly VRS benefit, 1099s (year end tax information), to change your address or tax withholdings, or to report the death of a retiree or beneficiary receiving a monthly pension from the Virginia Retirement System (VRS).
    • Contact Prudential Retirement at 1.877.778.2100 from 8 a.m. to 9 p.m. if you have questions on your monthly Supplemental Retirement Plan benefit, 1099s (year end tax information), to change your address or tax withholdings, or to report the death of a retiree or a beneficiary receiving a monthly pension from the Supplemental Retirement Plan (often called the City Plan). Prudential is the administrator for employees who retired on or after July 1, 1997. 
    • Contact Principal at 1.800.247.7011 from 8 a.m. to 6 p.m. if you have questions on your monthly Principal benefit, 1099s (year end tax information), to change your address or tax withholdings, or to report the death of a retiree or beneficiary receiving a monthly pension from Principal. Principal is the administrator of the Supplemental Retirement Plan for employees who retired prior to July 1, 1997. 
    • Contact ICMA-RC at 1.800.669.7400 from 8:30 a.m. to 9 p.m. to inquire about the 457 Deferred Compensation Plan. Employees had the option of participating in this plan by making payroll-deducted contributions.
    • Contact the City Pension Administration Division at 703.746.3885 for further information on the retirement plans.
     
  • Contact the Human Resources Benefits and Records Division at 703.746.3785 for inquiries on health and life insurance benefits. You may also find information on those benefits on their web site.

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301 King St.
Alexandria, VA 22314
703.746.3900
Fax: 703.838.4987
E-mail

Office Hours:
Monday - Friday
8 a.m. - 5 p.m.