Updates From ICMA-RC

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.

New Service Launched to Help Public Sector Participants Build Retirement Security

Vantagepoint Funds, powered by ICMA-RC, has launched a new print and digital advertising campaign to encourage retirement plan consultants and advisors to discover the funds, which recently became available to public and private sector retirement plans in the Defined Contribution Investment-Only (DCIO) market.

ICMA-RC is pleased to announce the appointment of Ross Graham, currently Managing Vice President of Field Sales & Relationship Management at ICMA-RC, to Senior Vice President and Chief Sales Officer effective April 6, 2018.

ICMA-RC is once again participating in America Saves Week, which will take place February 26-March 3, 2018. The goal of this annual, week-long campaign is to promote good savings habits and encourage Americans to create or evaluate their savings goals.

Vantagepoint Funds, powered by ICMA-RC, has launched a new digital portal for retirement plan consultants and advisors (www.vantagepointfunds.org).

The ICMA-RC Board of Directors is pleased to announce the appointment of Peggy Merriss as its Chair. Ms. Merriss has more than three decades of local government leadership experience and is currently City Manager of Decatur, Georgia.

President Trump signed tax reform legislation (H.R.1) into law on December 22, 2017, making the most substantial amendments to U.S. federal tax law since 1986. H.R.1 generally reduces individual and corporate income tax rates and makes substantial changes to many deductions, credits, and other provisions of the tax code. The legislation will affect many aspects of the U.S. economy, including public sector retirement plans. The following provisions would directly affect public Section 457(b) deferred compensation and Section 401(a) defined contribution plans as well as Individual Retirement Accounts:

The new website offers simpler navigation features, straightforward design, targeted messaging and an increased focus on educational tools.

A recent IRS Private Letter Ruling could broadly expand theuse of auto enrollment in 457(b) retirement plans sponsored by public sector employers.