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.
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.
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.
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.
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.
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.
October 30, 2013
Congressional activity regarding tax reform accelerated in 2013, but was put on hold in October as Congress addressed government funding levels and an increase in the debt limit. If enacted, reform proposals could significantly impact public retirement plans.
October 22, 2013
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. As part of National Save for Retirement Week, ICMA-RC will sponsor "National Pack-a-Sack Lunch Day" on Wednesday, Oct. 23, a day in which employees are encouraged to pack a brown bag lunch. Employees who want to see how small financial changes, such as packing a lunch, can make a big difference over time can visit ICMA-RC's National Save for Retirement Week online resource, www.retirementweek.org. The site includes the "Small Change, Big Savings" interactive calculator, which shows how small steps like packing your lunch or skipping your morning latte can add up over time.
October 10, 2013
Recent budget issues in Washington, D.C., may have you concerned about the markets and your retirement savings. How should you respond to the uncertainty? While some might spot opportunities or further diversify their investments, many are best served by following – and sticking with – a personalized plan.
September 23, 2013
On Aug. 30, 2013, the Treasury Department and the Internal Revenue Service ("IRS") provided guidance regarding federal treatment of same-sex marriages following the Supreme Court’s Windsor decision striking Section 3 of the Defense of Marriage Act ("DOMA").
August 13, 2013
The ICMA-RC Vantagepoint Public Employee Memorial Scholarship Fund (ICMA-RC Memorial Scholarship Fund) is pleased to announce that 29 surviving children and spouses of fallen firefighters, police officers, and other public employees have been awarded post-secondary educational scholarships for the 2013-2014 academic year.