City of Alexandria, Virginia
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MEMORANDUM
DATE: NOVEMBER 20, 2025
TO: THE HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
THROUGH: JAMES F. PARAJON, CITY MANAGER
FROM: KEVIN C. GREENLIEF, DIRECTOR OF FINANCE
DOCKET TITLE:
TITLE
Consideration of a Resolution to Amend the City of Alexandria's Supplemental Retirement Plan.
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ISSUE: Consideration of a Resolution to Amend the City of Alexandria's Supplemental Retirement Plan.
RECOMMENDATION: That City Council pass the proposed resolution (Attachment 1) to amend the Supplemental Retirement Plan to 1.) comply with technical IRS changes to the Required Minimum Distribution (RMD) age for all Supplemental Retirement Plan employees; and, 2.) match the Deputy Sheriffs' Supplemental Retirement Plan with their VRS Enhanced Hazardous Duty Plan.
BACKGROUND: The City of Alexandria's Supplemental Retirement Plan (the "Plan") is a defined benefit plan, established in 1970. It is intended to supplement retirees' income from the Virginia Retirement System ("VRS"). As a defined benefit plan, it is designed to provide a monthly income for life. Membership in the Supplemental Retirement Plan is provided for all full-time general schedule employees, deputy sheriffs, fire marshals, medics and part-time general schedule employees who are employed in positions that are at least the equivalent of 50 percent of a full-time position.
Required Minimum Distribution (RMD)- All Supplemental Retirement Plan Employees
The SECURE 2.0 Act of 2022, signed into law on December 29, 2022, as part of the federal Consolidated Appropriations Act, 2023, contains over 90 provisions impacting the rules for employer-sponsored defined benefit (DB) plans. The act requires that DB plans formally amend their plans by December 31, 2026. The table below summarizes the recent changes to the RMD age.
*The Setting Every Community Up for Retirement Enhancement Act of ...
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