ICMA-RC News & Updates
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- Use Your Tax Rebate to Improve Your Finances
- ICMA-RC, posted May 8, 2008
- Most Americans will get a happy surprise in their mailboxes - or their bank accounts - before mid July: cash from Uncle Sam. The money is already starting to arrive, courtesy of the Economic Stimulus Act, which is giving most single people a $600 rebate and most married couples $1,200. Parents will get an extra $300 for every dependent child under age 17. (The rebate starts to phase out for single taxpayers whose 2007 adjusted gross income is more than $75,000; the squeeze starts at $150,000 for joint filers.) Most people didn't need to do anything to get the money other than file a 2007 tax return.
- First Quarter Milestone, Model Funds Outperformed Peer Median in Worst Quarterly Market Since 2002
- ICMA-RC, posted April 30, 2008
- ICMA-RC reported today that all eight of its target-date Vantagepoint Milestone4 Funds outperformed their Morningstar peer medians in the first quarter of 2008, and for the one- and three-year periods ending March 31, 2008, with each ranking among the top third of its peers for the one-year period.
- ICMA-RC Receives DALBAR Seal of Excellence
- ICMA-RC, posted April 27, 2008
- ICMA-RC has been awarded the DALBAR Seal of Excellence for its 401 and 457 Retirement Statements, VantageLine Voice Response System, and Defined Contribution Plan Participant and Defined Contribution Plan Sponsor Web Sites. The Seal is awarded for outstanding communications that effectively and efficiently meet the needs of participants.
- Information on Bear Stearns
- ICMA-RC, posted April 2, 2008
- Most mutual funds are managed to diversify their investment portfolio by holding a range of stocks, bonds and other financial instruments consistent with policies described in the fund prospectus. Funds use diversification seeking to reduce risk by investing in stocks and bonds issued by a number of different companies and government entities. In addition to diversifying by security issuer, some funds diversify based on additional criteria, such as market sectors, industries, geographic region, or market capitalization. The Vantagepoint Funds provide an additional layer of diversification by hiring multiple investment managers believed to have complementary investment approaches, where appropriate, to select the securities held by the Funds.
- Vantagepoint Model Portfolio, Milestone Funds Outperformed Peers as Growth Stocks Trumped Value in 2007
- ICMA-RC, posted April 1, 2008
- Vantagepoint Model Portfolio funds and Vantagepoint Milestone funds outperformed their peers in 2007, the ICMA-RC fund family reported today. In addition, Milestone Funds, completing three years of performance history on Dec. 31, 2007, outperformed peers for both one and three year periods.*
- Long-term Investing and Market Fluctuations
- ICMA-RC, posted January 22, 2008
- Given the recent fluctuation in the stock markets, it is important to remember the value of investing for the long term. It’s time in the market, rather than timing the market, that has paid off for many investors over time. Weathering ups and downs over time can allow investors to benefit from longer-term market strengths, and to avoid the risks of attempting to time market changes.
- ICMA-RC Discontinues Credit Card Program
- ICMA-RC, posted February 26, 2008
- In our efforts to focus our products and services on our mission of helping public employees build retirement security, ICMA-RC has terminated the ICMA-RC credit card program offered through JP Morgan Chase ("Chase"). While the program will be discontinued, account service will continue with no disruption to current cardholders.
- Second Annual America Saves Week Kicks Off Feb. 24
- ICMA-RC, posted February 22, 2008
- American Saves Week, an effort that aims to increase awareness around the need to save money, reducing debt, and building wealth, kicks off Feb. 24. The theme for this year's weeklong event (Feb. 24 - March 2) is "Build Wealth, Not Debt."
- Stars in Your Future: Building Retirement Security with Milestone Funds
- ICMA-RC, posted February 19, 2008
- The Vantagepoint target-date Milestone Funds completed their three year anniversary on Dec. 31, 2007, and the 2025 and 2035 Funds are now five star 2 funds, having been awarded Morningstar’s top rating for the three-year and overall periods ending Jan. 31, 2008. Only one mutual fund in ten rated by Morningstar within each fund category receives the five star rating.2
- ICMA-RC Featured in American City & County Magazine
- ICMA-RC, posted January 28, 2008
- The December issue of American City & County Magazine highlighted Monroe County, New York and the retirement planning activities it held during National Save for Retirement Week.
- ICMA-RC Monitoring Status of Acquisition of Countrywide Financial Corporation; CD Account Program to Continue
- ICMA-RC, posted January 22, 2008
- The Bank of America Corporation announced on January 11, 2008 a definitive agreement to purchase Countrywide Financial Corporation (CFC), the parent company of Countrywide Bank, FSB, the institution through which ICMA-RC’s VantageTrust Certificate of Deposit Accounts (CD Accounts) are offered.
- Retirement Plan Contribution Limits Unchanged in 2008; IRA Limits Rise
- ICMA-RC, posted January 04, 2008
- The maximum annual contribution allowed for 401(k), 403(b) and 457 retirement savings plans remains at the 2007 limit of $15,500 for 2008.
- 2008 Retirement Savings Plan Contribution Limits
- ICMA-RC, posted January 01, 2008
- The maximum contribution limit for 457 plans remains the same at $15,500 in 2008. However, the contribution limit for Traditional and Roth IRAs increases to $5,000 in 2008. To increase your personal contributions and take advantage of any of the limits, please contact your employer and start saving more for your retirement today. The information below provides additional details on the new retirement plan contribution limits.
- IRS Confirms that Self-Insured Health Plans are Eligible for $3,000 Retiree Medical Exclusion for Retired Public Safety Officers
- ICMA-RC, posted December 07, 2007
- This week the IRS issued a notice 2007-99 that confirms the change in interpretation by the IRS regarding the inclusion of self-insured health plans in the public safety officer $3,000 retirement medical exclusion enacted in PPA. In earlier guidance, the IRS had interpreted the statutory language to say that self-insured plans were not eligible for the exclusion. Since that time, Congress, through correspondence and the introduction of a Technical Corrections bill, clarified that they had intended for self-insured plans to be eligible.
- New Login Features to Enhance Online Security
- ICMA-RC, posted January 07, 2008
- ICMA-RC has implemented new security features that will change the way you log into your ICMA-RC account. Here’s how the new security features work:
- Center for State and Local Government Excellence highlights differences between government and private plans
- ICMA-RC, posted November 16, 2007
- The Center for State and Local Government Excellence has issued a new issue brief that analyzes why state and local pension plans differ from those offered by the private sector.
- ICMA-RC Chief Investments Officer, Wayne Wicker Quoted in Wall Street Journal
- ICMA-RC, posted November 12, 2007
- ICMA-RC’s Chief Investments Officer Wayne Wicker, was recently quoted in the Wall Street Journal as part of a front page article entitled “Investors Fear Growth Will Fail to Revive Stocks”.
- Joan McCallen, President & CEO of ICMA-RC Receives “Women Who Mean Business” Award
- ICMA-RC, posted November 02, 2007
ICMA-RC's President and CEO Joan McCallen has been selected as a recipient of the 2007 Washington Business Journal "Women Who Mean Business" award.
- Retirement Plan Fee Disclosure Reviewed
- ICMA-RC, posted November 07, 2007
- The Ways and Means Committee held its first hearing on fee disclosure on Tuesday, Oct. 30, 2007. Although there have been other hearings to date on fee disclosure, this is the first hearing in the committee that has jurisdiction over governmental 457 plans and the most extensive with a total of 15 witnesses.
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