Updates From ICMA-RC

As ICMA-RC’s second RealizeRetirement® Tour begins its conclusion, results from the 2017-2018 Tour have demonstrated extremely positive outcomes.

On Sept. 13, 2018, the House Ways and Means Committee voted along party lines to move forward three pieces of proposed legislation as part of "Tax Reform 2.0," which Ways and Means Chairman Kevin Brady (R-Texas) views as the sequel to last year's Tax Cuts and Jobs Act.

On Aug. 31, 2018, President Trump signed an executive order (EO) that directs the U.S. Department of Labor (DOL) and U.S. Department of the Treasury (Treasury) to work on a number of new retirement-related regulatory matters.

Plan Health Monitor Provides Metrics, Identifies Opportunities for Public Sector Plans

ICMA-RC waived 5 to 13 basis points of fees on assets in the Milestone Funds

The ICMA-RC Public Employee Memorial Scholarship (ICMA-RC Memorial Scholarship) Fund Board of Directors is pleased to present post-secondary educational scholarships for the 2018-2019 academic years to 30 recipients.

The ICMA-RC Investment Division is now claiming compliance with the Global Investment Performance Standards ("GIPS®").

The Fifth Circuit Court of Appeals issued a ruling on March 15, 2018, in the Chamber of Commerce v. U.S. Department of Labor case, vacating the DOL's Fiduciary Rule.

Subsequent to the Fifth Circuit’s ruling, on April 18, 2018 the SEC issued a set of comprehensive proposals that would alter the regulation of broker-dealers, particularly when making recommendations to retail customers, and provide additional guidance regarding investment advisers’ existing fiduciary duty

ICMA-RC, which has served public sector retirement plans and employees since 1972, has hired Bruce Corcoran, an industry veteran with more than 25 years’ experience in the public sector and financial services space.