Virginia State Senator Howell
Ms. Janet Howell
I write urging you to support Senator John Watkins’ Virginia Senate Bill 232 (SB232) which increases the VRS retirement age to that of Social Security.
The VRS payment is what is really hurting Fairfax County Public Schools. As of 25 January 2010 the biggest reason for cuts in FCPS FY2011 budget is because of an increase in payments for retirement plans in the amount of $71 million. By keeping the budget flat from FY2010 to FY 2011 means that $71 million in programs and positions have to be cut for FY2011 to make those other increased payments.
See the data and analysis of the FCPS FY2011 Budget from the Fairfax County Taxpayers Alliance.
Note that in 2009 spending per pupil was $12,839. In 2011 it's projected to be $12,869. Inflation hasn't gone up that much so if spending per pupil is the same as 2009 why can't we have the same level of school services as 2009? The answer always points back primarily to the FCPS employee retirement plans. It is gobbling up money from a fixed budget.
Passing this would be a small step in the right direction. Please respond and let me know if you support this bill or oppose it.
Board Member At-large
Fairfax County Taxpayers Alliance
"Employee benefits for FY 2011 total $606.5 million, an increase of $97.8 million, or 19.2 percent, over the FY 2010 estimate."
- From Page 62 of the the FCPS "FY2011 Proposed Budget."
Note here that the total expenditures for FCPS for FY2011 will go down by -0.74% vs 2010 yet FCPS plans to cut programs more drastically than -0.74% because of the growing burden of the mandatory retirement contributions.
VRS Pension Changes from WSJ Article
Source: Wall Street JournalEver-Higher Budgets Can't Be the NormBy Bob McDonnellWhen I took office in January, we faced two massive budget shortfalls. The first was ...
Posted Oct 13, 2010, 10:41 AM by Unknown user
Virginia Gov. Bob McDonnell on Tuesday formally opposed letting local governments force police, teachers and other workers to foot part of the bill for their own pensions
Source: Washington Examiner 14 April 2010Virginia Gov. Bob McDonnell on Tuesday formally opposed letting local governments force police, teachers and other workers to foot part of the bill for ...
Posted Apr 22, 2010, 12:34 PM by Unknown user
Governor Proposes Underfunding VRS to Save Money for FY2011
Source: FCPS Bottom Line NewsletterThe governor, house, and senate also proposed reducing the contribution that localities (such as Fairfax County Public Schools) pay into the Virginia Retirement System (VRS ...
Posted Feb 27, 2010, 5:55 AM by Alexander Romero
VA House Bill HB1189 - VRS Modifications
The house is presently discussing additional reforms to the VRS system. See HB 1189 for more info.Virginia Retirement System; new employees. Modifies for new employees, all the defined benefit ...
Posted Feb 24, 2010, 1:53 PM by Alexander Romero
JLARC Recommendations to Change the VRS
The study conducted by the Joint Legislative Audit and Review Commission (JLARC) in October 2008 is a good starting point in the search for solutions to the VRS issues we ...
Posted Feb 22, 2010, 6:44 AM by Unknown user
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