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ICMA-RC News & Updates

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Suzanne Chawk Named Vice President, Consultant Relations
ICMA-RC, posted October 27, 2008
A Message From ICMA-RC President and CEO Joan McCallen
ICMA-RC, posted October 10, 2008
IRS Announces Pension Plan Limits for 2009 and Social Security Announces 2009 Wage Base
ICMA-RC, posted October 20, 2008
The standard contribution limit for 457 plans increase to $16,500 in 2009. To increase your personal contributions to take advantage of this new limit, please contact your employer and start saving more for retirement today.
Emergency Economic Stabilization Bill Becomes Law
ICMA-RC, posted October 6, 2008
The House of Representatives Friday (October 3, 2008) gave final approval of the $700 billion Emergency Economic Stabilization Act on a vote of 263 to 171. President Bush signed the legislation into law shortly after.
Treasury Department Rolls Out Money Market Guarantee Program
ICMA-RC, posted October 6, 2008
On September 29, 2008, the U.S. Department of the Treasury announced the establishment of a Temporary Guarantee Program for Money Market Funds. Under this program, Treasury will guarantee that eligible money market fund investors will receive $1 for each money market share held as of September 19, 2008. The program is designed to respond to what Treasury called "temporary dislocations in the credit markets" that came after some money market funds saw their share prices fall below $1, known as "breaking the buck."
Senate Bill Offers Retirement Plan Tax Breaks to Cope with Midwestern Storms
ICMA-RC, posted September 26, 2008
Senate HELP Committee Hearing Focuses on 401(k) Fee Disclosure
Washington Perspective, posted September 2008
At a mid-September hearing two members of the Senate Committee on Health, Education, Labor and Pensions (HELP) reemphasized their commitment to expanding 401(k) fee disclosure and the use of software programs that would aid individuals in making investment decisions.
Senate Leaders Completing Charitable IRA Rollover Provision
Washington Perspective, posted September 2008
Key Senate leaders were working in mid-September to reach a bipartisan agreement on how the Senate might address charitable IRA rollover tax incentives that expired in 2007.
ICMA-RC Statement Regarding Lehman Bros., AIG, Merrill Lynch, and Washington Mutual Developments
ICMA-RC, posted September 26, 2008
Several developments concerning large financial institutions had an impact on the stock market on Monday September 15th.
Federal Government Moves to Stabilize Mortgage Markets with Takeover of Fannie Mae and Freddie Mac
ICMA-RC, posted September 9, 2008
U.S. Treasury Secretary Henry Paulson announced the government’s temporary takeover of mortgage giants Fannie Mae and Freddie Mac.
Proposed Legislation Aims to Limit 401(k) Loans
ICMA-RC, posted August 28, 2008
Sen. Charles Schumer (D-NY) and Sen. Herb Kohl (D-WI) recently introduced a bill, S. 3278, which would prohibit companies from issuing 401(k) debit cards.
All Eight Milestone Funds Now Carry Four or Five Stars
Posted August 18, 2008
Five Vantagepoint Funds have received updated overall star ratings3 from Morningstar effective July 2008, giving all eight Vantagepoint Milestone Funds1 an overall rating of four or five stars.
Monroe County, NY Earns NAGDCA 2008 Special Award of Distinction
ICMA-RC, posted August 7, 2008
The National Association of Government Defined Contribution Administrators (NAGDCA) awarded Monroe County, NY the 2008 “Special Award of Distinction” for its deferred compensation plan.
Vantagepoint Funds Outperform in 2nd Quarter
ICMA-RC, posted August 1, 2008
ICMA-RC’s Vantagepoint Funds1 target-risk Model Portfolio Funds1,4 again outperformed Morningstar category peer medians in the second quarter, with all five funds in the top one-third of peers.
President Bush Approves Heroes Earnings Assistance and Relief Tax Act of 2008
Posted July 31, 2008
President Bush signed legislation in June that improves retirement plan benefits of employees who serve in the military in part by bridging their service to their existing employment benefits.
Financial Stability and Market Volatility: Putting it All in Perspective
ICMA-RC, posted July 23, 2008
Recent news about bank failures and the turmoil surrounding the housing market can contribute to investors’ concerns about the stability of various financial institutions.
House Subcommittee Hearing Considers Changes in IRA Incentives
ICMA-RC, posted July 11, 2008
The House Ways and Means Subcommittee on Select Revenue Measures held a hearing in June to consider changes to existing Individual Retirement Arrangements (IRAs) that are proposed in two House bills.
Vantagepoint Milestone Funds “Age” Portfolios
ICMA-RC, posted July 15, 2008
Vantagepoint Funds today announced the completion of the latest “aging” of its Milestone Fund portfolios.
Annual Scholarship Awards Dinner Honors Fallen Police, Firefighters, and Public Employees
ICMA-RC, posted July 15, 2008
Forty surviving children and spouses of fallen firefighters, police officers and other public safety workers received Vantagepoint Public Employee Memorial Scholarship Fund awards at a dinner this evening at Union Station in Washington, DC.
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