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Last year we hosted a virtual meeting to discuss how your Fairfax County retirement is funded, which many of you attended. We received a lot of feedback that this is a topic that you (our retirees) appreciated hearing about. So, we have scheduled another virtual meeting to talk about the health of your pension. It is scheduled for:
May 8, 2025, at 7:00 pm (Eastern)
You can sign up by clicking the following link:
In spite of all that you might be hearing about the financial markets these days, our retirement systems are still well-funded, and our investments are well-managed and in good shape. Also, when you sign up for the meeting, you will have the ability to ask a question that you would like us to address.
We will be recording the meeting in case you cannot attend or if you wish to play it back later. Finally, the meeting is being hosted on Microsoft Teams. You can participate via your web browser and do not have to have Teams installed; however, if you wish to install Teams, it is available for free at this link.
We hope to see you on May 8th!
Your retiree cost-of-living adjustment (COLA) for 2025 is now known. Per County Code, the COLA is calculated based on the annual increase in the Consumer Price Index (CPI-U) from March of last year to March of this year. Specifically, the CPI used to calculate the COLA is for the Washington-Arlington-Alexandria area and is calculated by the Federal Bureau of Labor Statistics. |
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Because the CPI increased by 2.4% from March of 2024 to March of 2025, your COLA will be 2.4%. It will be reflected in your retiree pay this July.
For those of you who are wondering, the following chart shows what the COLAs have been for the past 15 years.
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