In 1972, the ICMA Retirement Corporation (ICMA-RC) was created by the public sector for the public sector. Established by the International City/County Management Association (ICMA) with the assistance of a Ford Foundation grant, ICMA-RC provided a portable retirement plan, enabling accumulated retirement assets to be transferred between employers.
In the past 35 years, ICMA-RC has grown dramatically. Today ICMA-RC manages more than $33 billion in assets for over 800,000 local and state government employees, in 8,000 plans. We remain committed to exclusively serving the public sector by offering the best available retirement products and services including the Vantagepoint Funds and a full range of other investment options.
Our responsibility to the public sector community is as integral to the organization as are our investment products and retirement programs. We are vocal advocates for the interests of the public sector on Capitol Hill and in the community at large. The Vantagepoint Public Employee Memorial Scholarship, for example, has awarded more than $500,000 to children and/or spouses of public employees who died in the line of duty. We are also a founding corporate sponsor of the International Hispanic Network and support the local community with food and clothing drives and tutoring programs.