ICMA-RC News & Updates
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- 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.
- Treasury Department Extends Money Market Guarantee Program
- ICMA-RC, posted December 4, 2008
- House Committee Hears Testimony on Changes to Defined Contribution
- ICMA-RC, posted Novemeber 24, 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.
- VantageTrust PLUS Fund Overview
- ICMA-RC, posted October 16, 2008
- 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
- 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.
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