Life Changing EventPersonal Finance For The Public Sector
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Employment Transition Resources

ICMA-RC helps public sector employees build retirement security. But life events, such as a job loss or unexpected early retirement, can disrupt this goal; these are often highly emotional and sensitive occurrences, both for employees and employers.

We recognize the increasing pressures on the public sector to deal with budget challenges brought on by the recession and have prepared the following resources to help. For more information, please contact your ICMA-RC representative or call 800-669-7400 (participants) or 800-326-7272 (plan sponsors).

Employment Transition

To do listWhat financial steps should employees take when facing a job loss or unexpected early retirement?

Employment Transition: An Action Plan

  • A summary of key takeaways when facing unemployment concerns. Considerations include unemployment insurance, health care, and managing and protecting your financial assets. Includes a listing of website resources.

ICMA-RC Certified Financial Plannerstm may also be available to present at your work site, followed by individual consultations.

Retirement Plan Rollovers & Withdrawals

Puzzle pieceThe decisions employees make with their retirement plans at transition points in their careers may have a substantial impact on how much money is available to them upon retirement.

The Rollover Decision

  • A brief, objective overview of the options participants have for their retirement plans when leaving an employer, including understanding the impact of taking early withdrawals.

Maintaining the ICMA-RC Advantage

  • The advantages of maintaining - or even consolidating - accounts with ICMA-RC are outlined.

Financial Planning Assistance

Guy in chairICMA-RC provides objective financial plans at low or, depending on balances and other considerations, no cost.

Financial Plan Options

  • View a summary comparison of financial plans available, including retirement-focused, goal-specific, and comprehensive options.

Track Your Income, Expenses, and Assets

Calculator and penFollowing a budget and assessing your cash flow and assets become even more important during life events such as a job loss. Various calculators and worksheets are available online (the U.S. government has several on the mymoney.gov site). Or, if you prefer, print and complete the following ICMA-RC handouts.

Cash Flow Statement

Net Worth Statement