ICMA-RC, in partnership with its public sector clients, was recently recognized for its education initiatives and resources, winning more than 15 awards, bringing the total to over 100 awards since 2010. ICMA-RC’s mission is to help public employees build retirement security by providing products, tools, and resources to plan sponsors and participants.
The Governmental Accounting Standards Board (GASB) has begun the process of revamping its accounting standards for Other Post-Employment Benefits (OPEB) to "improve the information reported on OPEB for decision-making and accountability purposes, comparability across governments, and transparency for those who avail themselves to it," as well as to align the OPEB standards with the newly implemented pension accounting standards (GASB Nos. 67 and 68).
ICMA-RC, has released an investment research brief entitled “Alternative Beta: Impact across Market Capitalization and Style: Equal-Weight, Volatility-Dampening and Momentum-Biased Methodologies.” The study reviews the characteristics of a wide range of alternatively constructed passive portfolios.
House Ways and Means members Bill Pascrell (D-NJ) and Dave Reichert (R-WA) in May 2014 introduced legislation, H.R. 4634, to amend federal tax law to allow public safety workers to access their defined contribution retirement accounts without penalty on or after age 50.
Auto-enrollment best practices in public sector defined contribution plans and how to implement them were presented in a webinar, "Auto Features in Public Sector Retirement Savings Plans," hosted by Gregory Dyson, Senior Vice President, Chief Operations and Marketing Officer, ICMA-RC; Joshua Franzel, Vice President of Research, Center for State and Local Government Excellence (the Center); and Paula Sanford, Public Service Associate, Carl Vinson Institute of Government at the University of Georgia.
The Center for State and Local Government Excellence is currently examining the use of auto features, such as auto enrollment and auto escalation, by state and local governments in the supplemental savings account plans they offer employees.
On Saturday, May 10, 2014, ICMA-RC participated in the National Police Week 5K, sponsored by the Officer Down Memorial Page (ODMP). Approximately 30 ICMA-RC associates ran, walked, and cheered on event participants.