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Memorial Day Holiday Schedule of Services -- Updated 5/23/2013 12:40:57 PM

All Alexandria City government offices will be closed on Monday, May 27, in observance of the Memorial Day holiday.

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Page updated May 3, 2013 12:10 PM
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Firefighters and Police Officers

Quick Guide


Announcements

  • Announcement: An amendment to the Firefighters and Police Officers Pension Plan has been proposed to increase the contribution rate by two percentage points. Read on for more information.
  • Announcement: Now is the time to take a minute to review your participation in the City’s 457 Deferred Compensation Plan! Read on for more information.
  • Announcement:  The Pension Board announces the results of the Firefighter Representative and  Firefighter Alternate elections.  Read on for more information.
  • Announcement: The 2013 Cost of Living Adjustment (COLA) will be applied to pension payments on May 1, 2013. Information on the 2014 COLA, payable on May 1, 2014, will be posted after April 1, 2014.
  • Announcement:  On March 9, 2011, Mayor William D. Euille appointed members to the City's Ad Hoc Retirement Benefit Advisory Group. This group will: 1) look at the need for any future changes to defined benefit pension plans created under the authority of City Council; 2) examine the current financial status of the City's pension funds; and 3) advise the City Manager, the City Council Pension and Compensation Subcommittee, and City Council on any options that should be considered. Visit the Group's web page for meeting information.
  • Announcement: The Pension Administration Division moved to City Hall Room 1400. The fax number changed to 703.746.3943, but the telephone numbers for the Pension Division staff did not change. The City mailbox for the Pension Division is 42.

Seminars, Workshops, and Webinars

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


 

 Retirement Summary and Retirement Planning


Firefighters and Police Officers Pension Plan Contract Number 17147

  • Proposed Fifth Amendment

    Beginning in FY 2014, the contribution rate may increase by two percentage points to 10 percent based on the proposed Fifth Amendment to the Plan.

In compliance with the 60-day notice provisions of the Plan document, Pension Administration Division staff has sent a notification letter regarding the proposed change to plan participants. Additionally, Pension Administration staff will be organizing multiple informational meetings for participants at various locations.

The City has set aside dates and times (see below) for meetings at which staff will explain the proposed amendment and answer any questions. Leaders of the employee associations have been meeting with management representatives to discuss alternative options to the proposed two percent increase. The leaders who have been involved in these discussions have been invited to participate in the meetings listed below.

Date

Location

Time

Thursday, May 2, 2013

Police Station – Room L74 & L75

4:30 to 7:30pm

Friday, May 3, 2013

Police Station –  Room L74 & L75

4:30 to 7:30pm

Monday, May 6, 2013

Lee Center – Kauffman Auditorium

8:00 to 10:00am

Tuesday, May 7, 2013

Lee Center – Kauffman Auditorium

8:00 to 10:00am


Deferred Retirement Options Program (DROP)

This program allows a participant with at least 30 years of credited service to retire under the plan, continue working as a covered employee for up to three years, and defer receiving monthly benefits until the DROP retirement date. More information is provided in DROP FAQ, a list of frequently asked questions and answers.

To enter the DROP, an eligible participant needs to complete the DROP Application and DROP Agreement and give them to the Pension Division. Contact the Pension Division three months prior to the date you wish to enter the DROP to discuss the program and complete all forms prior to the deadlines.

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Partial Lump Sum Option (PLOP)

The PLOP is an optional form of payment that allows a participant who retires at least one year after Normal Retirement Age to elect to receive a portion of their benefits in the form of a lump sum. We have created a PLOP Estimate Calculation Sheet to help you estimate your PLOP benefits.

PLOP Estimate Calculation Worksheet

 If you are interested in more information on the PLOP, please contact the Pension Administration Division: call:703-746-3879 or email: Email button(1).

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Pension Plan Retirement Board

MemberTerm EndsMemberTerm Ends
Michael Cross (Secretary/Fire) December 31, 2016Jean Niebauer (City) Appointed by the City Manager
Patrick Evans (Fire) December 31, 2014Morgan Routt (City) Appointed by the City Manager
Tom Gates (Chairman/City) Appointed by the City ManagerAlbert Tierney (Police) December 31, 2016
Mark Jinks (City) Appointed by the City ManagerLaura B. Triggs (City) Appointed by the City Manager
Shirl Mammarella (Police - Alternate) December 31, 2014Rick Muse (Fire-Alternate) December 31, 2014
Edward Milner (Police) December 31, 2014

 Participant Representatives to the Board Reelected; Management Representatives Recommended to Serve Beginning January 1, 2012

On September 11, 2012, City Council appointed the Management Representatives recommended by the City Manager and the Participant Representatives that participants elected in August. The following is Item Number 6 from the Docket minutes:

City Council appointed the following individuals to the City of Alexandria Firefighters and Police Officers Pension Board: Tom Gates, Deputy City Manager, as Management Representative; Jean Niebauer, Director of Human Rights, as the Management Alternate; Michael Cross, as Firefighter Participant Representative; and Albert Tierney, as Police Participant Representative.

 Click HERE to see a listing of all Board members.

Election of a Firefighter Representative anad Firefighter Alternate to serve through December 31, 2014

The firefighters held an election to fill the vacant representative position on the Fire and Police Board. The nomination period was closed on Thursday, November 7, 2012. Following the nomination period, the Pension Administration Division received two complete and valid nomination petitions. Both candidates chose to run for different positions and thus ran unopposed. The election procedures adopted by the Board allow us to skip the formal balloting process when candidates run unopposed, so there will be no formal voting process.

The results of the elections are as follows:

• Mr. Patrick Evans was nominated as the Representative to serve the remainder of the term through December 31, 2014; and
• Mr. Rick Muse was nominated as the Alternate to serve the remainder of the term through 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. You can find links to minutes from previous meetings following the meeting schedule.

Committees meet to explore a specific topic to present to the full Board at a later date.

DateDayTimeMeeting FormLocation
January 10, 2013Thursday8:30 a.m.Interim MeetingSister Cities 1101
February 14, 2013Thursday8:30 a.m.Due Diligence MeetingSister Cities 1101
March 14, 2013Thursday8:30 a.m.Interim MeetingSister Cities 1101
April 11, 2013Thursday8:30 a.m.Interim MeetingSister Cities 1101
May 9, 2013 Thursday8:30 a.m.Due Diligence MeetingSister Cities 1101
June 13, 2013*Thursday8:30 a.mBoard Retreat or Interim or Special Meeting*Sister Cities 1101
July 11, 2013*Thursday8:30 a.m.Special Meeting*  Sister Cities 1101
September 12, 2013Thursday8:30 a.m.Due Diligence MeetingSister Cities 1101
October 10, 2013Thursday8:30 a.m.Interim MeetingSister Cities 1101
November 14, 2013Thursday8:30 a.mDue Diligence MeetingSister Cities 1101
December 12, 2013*Thursday8:30 a.mSpecial Meeting* Sister Cities 1101

*These dates are set aside if a special meeting is needed for manager interviews, Board education, etc. In the absence of an event, no meeting will be held.

For more information on any of these meetings, contact Steven Bland by e-mail or by phone at 703.746.3886

Board Meeting Minutes (Notes)

Minutes from Board Meetings for Prior Years

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Pension Plan Retirement Board Procedures

The Firefighters and Police Officer's Pension Plan Board has adopted the following procedures.  Please see the following links to review these procedures.

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Retirement Income Account (Defined Contribution Plan - Closed) Contract Number 719116

 Log onto the Prudential website (plan's recordkeeper) and click on the link for this closed, defined contribution plan to view your account balance and make changes to your investment allocation. Firefighters and Police Officers employed after 2003 do not have account balances in this plan.


Pension Plan for Firefighters and Police Officers (closed, old Defined Benefit Plan) Contract Number 17222

  • Plan Document restated as of January 1, 2009
  • Proposed Amendment: The City will present a proposed First Amendment to City Council at the May 10, 2011, Council meeting. The Internal Revenue Service recently notified the City that this amendment must be adopted very shortly in order for the Plan to maintain its tax preferred status. The amendment does not impact contributions, benefits, or eligibility.

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ICMA-RC Payroll Deduction 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 (457) 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 website, 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.
  • Forms and Publications (Plan Number 300832)
  • ICMA-RC VantagePoint Investment Options
  • Reaching Your Dreams, retiree guide from ICMA-RC, provides information about planning and managing investments for individuals who are in or approaching retirement.
  • To request an Enrollment Kit, email: Email button(1) or call 703.746.3879.

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

Change Your Contribution

If you want to increase 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

Meet Your ICMA-RC Representative

The City's ICMA-RC representative, Gloria Moody, is available to meet employees to discuss the 457 Plan. She makes appointments to meet employees on the first Wednesday of every month in City Hall Room 1600. She will also make appointments to meet employees at other locations if arranged in advance. To arrange a meeting, call:

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

Now is the time to take a minute to review your participation in the City’s 457 Deferred Compensation Plan!

Did you know the IRS recently increased the annual deferral limit for 2013 for both the City’s 457 Deferred Compensation Plan and ROTH IRA? Click here to see the new table of annual limits. Click here to download a Change of Amount Form. Note, you do not need to complete this form if you would like your deferral amount to remain at its current level.

Did you know that the City will be offering a new fund effective December 21, 2012? We will be offering the Vantagepoint Milestone 2050 Fund. Click here to see additional details about the City’s target date funds. Click here to see a comprehensive list of investment options offered to the City’s 457 plan participants.

Are you still trying to decide if participating in the City’s deferred compensation plan will work for you? Click here to see a video about the advantages of participating in the plan.  

 

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Social Security

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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.

Contact Prudential Retirement at 1.877.778.2100 from 8 a.m. to 9 p.m. if you have questions on your monthly benefit or 1099s (year end tax information); want to change your address, tax withholdings, or direct deposit information; or need to report the death of a retiree or a beneficiary receiving a monthly pension from one of the pension plans for Firefighters and Police Officers.

Contact Prudential Retirement at 1.877.778.2100 from 8 a.m. to 9 p.m. if you are still a participant in the Retirement Income Plan for Firefighters and Police Officers and have questions on this plan.

Contact Prudential Retirement at 1.877.778.2100 from 8 a.m. to 9 p.m. if you are receiving a monthly disability benefit paid by Prudential and you have questions on your monthly benefit or 1099s (year end tax information); or want to change your address, tax withholdings, or direct deposit information; or need to report the death of a retiree or a beneficiary receiving a monthly pension from one of the pension plans for Firefighters and Police Officers. Prudential began processing disability payments effective August 1, 2010. Prior to that SunTrust (1.866.855.6738) processed the disability payments.

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 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 the Human Resources website.

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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.