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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.

ICMA-RC Board of Directors Selects New President and CEO

January 6, 2015

VRS Director Robert Schultze Joins ICMA-RC on February 17, 2015.

ICMA-RC Memorial Scholarship Fund Accepting Applications for 2015-2016

December 8, 2014

Surviving Children, Spouses of Public Employees Encouraged to Apply for Higher Education Scholarships.

Non-Spouse Inherited IRAs Lose Bankruptcy Protection

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.

ICMA-RC Chief Investment Officer Selected as Finalist for "Industry Innovation Award"

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."

IRS Announces 2015 Retirement Plan Contribution Limits

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.

ICMA-RC Encourages Small Steps with National Pack-a-Sack Lunch Day

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.

Regulatory Change Enables In-Plan "Longevity" Annuities

September 30, 2014

The Internal Revenue Service and Treasury Department in July 2014 amended Required Minimum Distribution (RMD) rules to permit the expanded use of "longevity" annuities in retirement plans. The use of longevity annuities, typically purchased at retirement with payments deferred until an individual reaches an advanced age (such as 85), is one approach to reduce the risk of outliving retirement plan savings.

ICMA-RC Congratulates ICMA on Reaching Milestone 100-Year Anniversary

September 12, 2014

ICMA-RC commends its founder, the International City/County Management Association (ICMA), on reaching its milestone 100th anniversary and its continued success in fostering excellence and professional management in local governance to build better communities.

ICMA-RC Wins Multiple Awards

September 3, 2014

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.

SEC Adopts Changes to Money Market Fund Regulations

August 28, 2014

The Securities and Exchange Commission (SEC) adopted significant changes to the regulation of Money Market Funds (MMFs) on July 23, 2014. The changes are designed to address money market funds' susceptibility to unusual redemptions in times of financial stress like those experienced during the financial crisis of 2008.

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