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ICMA-RC News & Updates

Displaying stories 1–25 of 271|◄   ►|
DOL, SEC Hearing Considers Further Target Date Oversight, but Show Little Interest in More Regulations
ICMA-RC, posted June 30, 2009
Securities and Exchange Commission (SEC) Chair Mary Shapiro and a series of mutual fund industry representatives were among those considering changes in how target date funds are structured and marketed in a Joint Hearing on Target Date Funds held June 18 at the Department of Labor (DOL).
Rep. Pomeroy Introduces Bill to Boost Annuity Tax Breaks
ICMA-RC, posted June 16, 2009
Rep. Earl Pomeroy (D-ND) and Rep. Ginny Brown-Waite (R-FL) have introduced the Retirement Security Needs Lifetime Pay Act (H.R. 2748). Similar to legislation introduced by Pomeroy in the 110th Congress, the bill contains several provisions to encourage retirees to create annuities as part of their retirement savings plans.
Rep. Neal Reintroduces Fee Bill with a Number of Modifications
ICMA-RC, posted June 09, 2009
Rep. Richard Neal (D-MA), Chairman of the House Ways & Means Subcommittee on Select Revenue Measures, has reintroduced his Defined Contribution Plan Fee Transparency Act. The newest bill comes after Neal introduced the original bill (H.R. 3765) in the 110th Congress.
Obama Budget Proposals Include Enhanced Saver’s Credit, Auto IRA
ICMA-RC, posted June 2, 2009
The Obama Administration is proposing changes in the Saver's Credit and provisions to require employers to offer an automatic IRA. Both are contained in the Administration's proposed 2010 budget.
Rep. Andrews Introduces Bill to Modify Investment Advice Rules
ICMA-RC, posted May 28, 2009
A bill that would change requirements for investment advice offered by retirement plan sponsors (ERISA plans only) has been introduced by Rep. Robert Andrews (D-NJ).
SEC, DOL Plan Joint Hearing on Target Date Funds
ICMA-RC, posted May 28, 2009
The Securities and Exchange Commission (SEC) and the U.S. Department of Labor (DOL) will hold a joint hearing June 18 to explore issues relating to target date or lifecycle funds and other similar investment options.
Tax Equity for Health Plan Beneficiaries Bill Reintroduced
ICMA-RC, posted May 28, 2009
The Tax Equity for Health Plan Beneficiaries Act of 2009 has been reintroduced in Congress.
Center for State and Local Government Excellence Finds Retirements Delayed by Economy
ICMA-RC, posted May 14, 2009
The slumping economy is holding back retirements among state and local government employees, according to a new survey of government managers sponsored by the Center for State and Local Government Excellence.
ICMA Municipal Year Book Features Article on Retirement and the Current Recession
ICMA-RC, posted May 01, 2009
ICMA recently published a new article entitled, "How Will Public Sector Retirement Withstand the Current Recession," principally authored by Gregory Dyson, SVP, Chief Operations & Marketing Officer, in its 2009 Municipal Year Book.
Center Director Analyzes Public Pension Funding Challenges in the Current Economy
ICMA-RC, posted April 24, 2009
Center for State and Local Government Excellence Executive Director Beth Kellar interviewed on WAMU 88.5 FM's "Marketplace" program to discuss public pension funding in the current market environment.
House Bill Would Add Disclosure Requirements to 401(k) Plans
ICMA-RC, posted April 22, 2009
House Education and Labor Committee Chairman George Miller (D-CA) has introduced the Fair Disclosure for Retirement Security Act of 2009 (H.R. 1984) that would require 401(k) plans to more clearly state all fees to help investors choose the most appropriate retirement options.
Treasury Extends Money Market Guarantee Program
ICMA-RC, posted April 03, 2009
The U.S. Treasury Dept. has extended its emergency program guaranteeing money market funds through September 18, 2009. The program had been set to end April 30 but was extended on March 31, 2009, "to support ongoing stability in financial markets,” the Treasury Dept. said in a statement.
Rep. Pomeroy Introduces "The Savings for American Families' Future Act of 2009"
ICMA-RC, posted April 16, 2009
Rep. Earl Pomeroy (D-ND) has introduced The Savings for American Families’ Future Act of 2009 to expand the current Saver’s Credit law. This legislation largely tracks the Saver’s Credit expansion proposal contained in the FY2010 budget recently approved by Congress.
A Message From ICMA-RC President and CEO Joan McCallen
ICMA-RC, posted April 14, 2009
As the year progresses, we are continually challenged by one of the most volatile economic times in recent memory. While these times are uncertain, it is important to remember that successful retirement planning is meant to meet long-term financial goals. We have tools and resources available to help you consider your options through our Investor Services team, our Retirement Plans Specialists and our Web site.
Latest PLUS Fund Overview Now Available
ICMA-RC, posted March 26, 2009
Since 1991, ICMA-RC's VantageTrust PLUS Fund has provided retirement plan participants access to a stable value fund with competitive current income consistent with preserving capital and meeting the liquidity needs of participants. The current VantageTrust PLUS Fund Overview contains updated information on the fund, its investment strategy, portfolio and risks.
Saver’s Initiative Program Details Outlined in New Video
ICMA-RC, posted March 25, 2009
ICMA-RC’s Keith Sendall, senior vice president, field sales, recently described a Saver’s Initiative and research in a TV interview for the National League of Cities TV. The Saver’s Initiative and the It Pays to Save campaign, aimed at encouraging greater retirement savings among public employees, is being unveiled this spring.
ICMA-RC SVP & CIO Wayne Wicker Interviewed on Washington Business Tonight
ICMA-RC, posted March 4, 2009
ICMA-RC Senior Vice President and Chief Investment Officer Wayne Wicker recently appeared in a segment on the News Channel 8 Washington Business Tonight program, a nightly round-up of business, financial, and economic news.
Saver's Credit
ICMA-RC, posted February 10, 2009
Tax time is quickly coming to a close, but there is still time for participants to qualify for the Saver’s credit – a tax credit up to $1,000. Recently made permanent by the Pension Protection Act of 2006, the Saver’s Credit provides an extra incentive for workers with income less than $50,000 to save for retirement. For more information on this useful savings tool, please click here.
A Message From ICMA-RC President and CEO Joan McCallen
ICMA-RC, posted January 09, 2009
Over the past few months we have experienced significant volatility in the financial markets and the months ahead may hold more challenges for the economy. Whether through our Investor Services team, our Retirement Plans Specialists or our Web site, we have tools and resources for you.
The Worker, Retiree, and Employer Recovery Act of 2008 Becomes Law
ICMA-RC, posted January 06, 2009
With President Bush's signature on December 23, 2008, The Worker, Retiree, and Employer Recovery Act of 2008 (H.R. 7327) became law. The legislation makes technical corrections to the Pension Protection Act that narrowly addresses beneficiaries for Health Reimbursement Arrangements (HRA). It also waives the 2009 Required Minimum Distribution (RMD) on employer-sponsored defined contribution plans and on IRAs.
ICMA-RC to Offer Roth 401(k) Feature
ICMA-RC, posted January 06, 2009
ICMA-RC today announced it is now offering a Roth 401(k) feature to its existing 401(k) clients. The Roth 401(k) feature is a retirement savings option designed to provide employees with an opportunity to invest additional after-tax dollars with the potential for tax-free withdrawals.
Current VantageTrust Certificate of Deposit Accounts Program to End; New Program Under Development
ICMA-RC, posted January 5, 2009
ICMA-RC has been informed by the Bank of America Corporation (Bank of America) that it will no longer be able to support the VantageTrust Certificate of Deposit Accounts (CD Accounts) program as it is currently structured. The current CD Accounts program will be terminated effective January 30, 2009.
2009 Required Minimum Distributions Waived
ICMA-RC, posted December 26, 2008
President Bush has signed The Worker, Retiree, and Employer Recovery Act (H.R. 7327) that suspends the need to take required minimum distribution (RMD) payments from defined contribution retirement plans and IRAs for the 2009 tax year. The President signed the measure on December 23, 2008, following unanimous approval in Congress earlier in the month.
Displaying stories 1–25 of 271|◄   ►|