News Flash

Posted on: March 22, 2023

NERS Receives Award for Financial Reporting

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The Norfolk Employees’ Retirement System (NERS) receives national honors for excellence in financial reporting.  These awards also serve to speak highly of our staff and their commitment to excellence in financial reporting. Our members...

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Additional Info... Retirement
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