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Plan Sponsor News

Senator Harkin Proposes Legislation Creating USA Retirement Funds

March 31, 2014

Senator Tom Harkin (D-IA), Chairman of the Senate Health, Education, Labor and Pensions (HELP) Committee, introduced the Universal, Secure, and Adaptable (USA) Retirement Funds Act of 2014 on Jan. 30, 2014.

Year-End Retirement of President and CEO Joan McCallen

March 20, 2014

ICMA-RC President and CEO Joan McCallen has announced her decision to retire at year-end following a distinguished 39-year career in the financial services industry.

ICMA-RC Recognized by Pension & Investments with Eddy Award for Education Website

March 19, 2014

At the March 2014 Pensions & Investments Defined Contribution Conference, ICMA-RC received a first place Eddy Award for RealizeRetirementSM, a financial education resource to help public sector employees set retirement goals at different career stages. In addition, ICMA-RC’s Education Video Campaign, focusing on the importance of saving for retirement — received a second place 2014 Pension & Investments Eddy Award in the Special Projects Category.

President Announces Creation of New Retirement Savings Vehicle

February 27, 2014

President Obama announced the creation of a new retirement savings vehicle, "MyRA," in the State of the Union Address in January 2014.

ICMA-RC Participates in America Saves Week, Encourages Saving, Goal Setting

February 25, 2014

According to a survey released by the American Savings Education Council in coordination with America Saves Week, 51 percent of Americans have a savings plan with specific goals. As part of America Saves Week, Feb. 24 – March 3, ICMA-RC is helping to educate public sector employees on the importance of goal setting throughout their career. The week provides an opportunity for employees to renew their focus on saving and prepare for retirement at a time when people often think about establishing goals — at the beginning of the year.

IRS Issues Additional Guidance on In-Plan Roth Conversions

January 31, 2014

The Internal Revenue Service issued IRS Notice 2013-74 in December 2013, providing guidance to 457(b) and 401(k) plans on a provision that gives plans the ability to increase access to in-plan Roth conversions.

ICMA-RC Education Initiative Awards Reach Record Number in 2013

January 15, 2014

ICMA-RC has received close to 100 national and international awards and recognitions over the past six years for measurable education and communications initiatives. In 2013, ICMA-RC, in partnership with its clients, received more than 20 awards for education initiatives, gaining recognition from organizations such as Dalbar, Pensions & Investments, and American Business Awards.

ICMA-RC Introduces Enhancements to Retirement Planning Services and Resources

December 18, 2013

ICMA-RC has launched new features to Account Access, its participant-based online platform for managing retirement accounts. The enhancements are designed to improve ICMA-RC's services for its more than one million public sector retirement accounts to include enhanced site navigability and quick access to various features.

ICMA-RC Memorial Scholarship Fund Accepting Applications

November 25, 2013

The ICMA-RC Vantagepoint Public Employee Memorial Scholarship Fund (ICMA-RC Memorial Scholarship Fund), which provides financial assistance for postsecondary education to the surviving children and spouses of local and state government employees, is now accepting applications for the 2014-2015 academic year.

IRS Announces 2014 Retirement Plan Contribution Limits

November 1, 2013

On October 31, 2013, the IRS announced the various adjustments applicable to retirement plan contribution limits for 2014. Some limitations such as those governing 457 plans and IRAs will remain unchanged because the increase in the consumer price index did not meet the statutory thresholds for their adjustment. However, other pension plan limitations, including those for 401(a) plans will increase for 2014.

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