FCPS Employee Benefits $606.5 million"Employee benefits for FY 2011 total $606.5 million, an increase of $97.8 million, or 19.2 percent, over the FY 2010 estimate. This increase includes offsetting turnover and vacancy savings of $5.6 million and is primarily attributable to:
(Source: Page 62 of "FY2011 Proposed Budget" also attached below) | Increases in FCPS Employee Benefits"The employer rate for the Virginia Retirement System (VRS) is projected to increase from 8.8 to 12.9 percent. In addition, FCPS pays the 5.0 percent employee VRS contribution. This results in a total FCPS contribution of 17.9 percent compared to 13.8 percent in FY 2010. The employer rate for Fairfax County Employee’s Retirement System (FCERS) is projected to increase from 9.7 percent to 14.2 percent and the Educational Employees’ Supplementary Retirement System of Fairfax County (ERFC) employer rate is projected to increase from 3.2 percent to 4.0 percent." (Source: Page 36 of FY2011 Proposed Budget also attached below) |
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