The Fairfax County Board of Supervisors on Tuesday unanimously approved major changes to its employee retirement systems in an attempt to keep the growing cost of pensions at a manageable rate.
The revisions, which apply to new hires beginning in 2013, increase the minimum retirement age from 50 to 55, cap unused sick leave at 2,080 hours, raise the “Rule of 80,” which uses age and years of service to determine when an employee can retire, to the “Rule of 85,” and other measures.
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