ICMA-RC News & Views
ICMA-RC keeps its finger on the pulse of what's important to local and state government employees and employers. Stay up to date on the retirement and financial services industries issues that matter to you here.
March 30, 2015
ICMA-RC, a Washington, D.C.-based retirement plan service provider exclusively serving local and state government employees, has partnered with the World Police & Fire Games as its "Official Retirement Plan Services Provider."
March 16, 2015
Washington, D.C. has selected ICMA-RC to be the exclusive provider of recordkeeping services for its 457 Deferred Compensation and 401(a) Defined Contribution Pension Plans.
February 23, 2015
As part of America Saves Week, Feb. 23–Feb. 28, 2015, ICMA-RC is helping to educate public sector employees on the importance of maintaining long-term savings behaviors when planning for retirement. America Saves Week is an opportunity for employees to renew their focus on saving for retirement at a time when people often think about establishing goals — at the beginning of the year.
January 28, 2015
The Vantagepoint Milestone Funds have marked their 10th anniversary as registered target date mutual funds. Eight of the funds have built a decade-long track record, and each of the eight has outpaced the peer median of its Morningstar category for the 10-year period ended Dec. 31, 2014.
January 6, 2015
VRS Director Robert Schultze Joins ICMA-RC on February 17, 2015.
December 8, 2014
Surviving Children, Spouses of Public Employees Encouraged to Apply for Higher Education Scholarships.
October 31, 2014
The U.S. Supreme Court, on June 12, 2014, unanimously ruled in Clark v. Rameker that inherited Individual Retirement Accounts (IRAs) do not qualify as "retirement funds," but rather are considered to be "money that can be freely used for current consumption," and therefore are not exempt from a debtor's bankruptcy estate.
October 30, 2014
ICMA-RC is pleased to announce that its Chief Investment Officer, Wayne Wicker, has been selected as a finalist for Chief Investment Officer's prestigious "Industry Innovation Award" in the Defined Contribution Plan category. According to CIO, "The award highlights the most innovative and positive work being done for, and at, the world's largest pensions, endowments, foundations, and sovereign wealth funds."
October 23, 2014
On October 23, 2014, the IRS announced the various adjustments applicable to retirement plan contribution limits for 2015. The elective deferral limit for 457 and 401(k) plans increases to $18,000, and the annual additions limit for 401(a) plans increases to $53,000. Traditional and Roth IRA contributions limits are unchanged.
October 20, 2014
ICMA-RC is encouraging public employees to take small steps toward planning for retirement during National Save for Retirement Week, an effort to promote the importance of saving for retirement.