News Flash

Posted on: February 1, 2023

IRS 2023 Tax Year: Annual Inflation Adjustment Changes

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On October 18, 2022, the Internal Revenue Service announced the tax year 2023 annual inflation adjustment.  This inflation adjustment may mean that you will see an increase or a decrease in your monthly retirement benefit based on the exemptions ...

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Additional Info... Retirement
Posted on: March 1, 2023

Expanded Deferred Retirement Option Program for NERS Members

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City Council approved the expansion of the Deferred Retirement Option Program (DROP) beyond sworn Norfolk Police Department and Norfolk Fire-Rescue members to all eligible Norfolk Employees’ Retirement System (NERS) retirees, effective January 1, 2023.&am...

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Additional Info... Retirement