Public Employers,News and Updates

Plan Sponsor News

ICMA-RC Summary of Final "Fiduciary Rule" Adopted by the Department of Labor

April 8, 2016

The Department of Labor adopted a regulation on April 6, 2016 that defines who is a fiduciary investment adviser and the responsibilities of entities and individuals who serve in that capacity. Broker-dealers who are currently held to a "suitable" investments standard may now be required to meet a higher fiduciary standard, which requires that recommendations be made solely in the interest of the customer.

Wayne Wicker, ICMA-RC CIO, Wins Investor Intelligence Award for Excellence in Plan Innovation

March 21, 2016

Wayne Wicker, ICMA-RC Senior Vice President and Chief Investment Officer, was recently presented with an Investor Intelligence Award for his excellence in plan innovation.

New Safe Harbor Definitions for Normal Retirement Age

February 26, 2016

On Jan. 26, 2016, the IRS and Department of Treasury issued proposed regulations related to the normal retirement age (NRA) in governmental 401(a) money purchase plans.

ICMA-RC Participates in America Saves Week for Third Year

February 17, 2016

For the third consecutive year, ICMA-RC, the nation's only non-profit provider of retirement plans exclusively for public sector employees, is participating in America Saves Week.

ICMA-RC and Its Clients Receive 35 Education and Communications Awards in 2015

February 11, 2016

ICMA-RC, the nation’s only non-profit provider of retirement plans exclusively for public sector employees, working with its local and state government clients, received 35 awards and honorable mentions in 2015.

ICMA-RC Launches Website Enhancements

December 28, 2015

ICMA-RC, the nation's only non-profit provider of retirement plans exclusively for public sector employees, recently launched its redesigned website, www.icmarc.org.

Public Employees and Social Security

December 23, 2015

For public employees with a partial career covered by Social Security who also receive a public pension, Social Security's Windfall Elimination Provision (WEP) serves to reduce the Social Security benefit these employees would otherwise receive.

ICMA-RC Memorial Scholarship Fund Accepting Applications for 2016-2017

December 15, 2015

The ICMA-RC Public Employee Memorial Scholarship Fund is now accepting applications for the 2016-2017 academic year.

The Impact of New Social Security Rules

November 27, 2015

The new budget bill signed into law on Nov. 2, 2015, has changed certain provisions that impact how employees may claim Social Security benefits. The law sharply limits two claiming strategies that allow individuals to boost the potential benefits they and their spouse or dependent children receive over their lifetimes.

ICMA-RC to Open Retirement Service Center for Washington, D.C. Employees

October 26, 2015

District of Columbia Mayor Muriel Bowser, Director of Human Resources Ventris Gibson, and District Chief Financial Officer Jeff DeWitt will join ICMA-RC President and CEO Bob Schultze to cut the ribbon at the Oct. 30 grand opening of ICMA-RC’s new walk-in Retirement Service Center for the District’s approximately 40,000 employees.

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