Key Legislative Issues

Retirement Savings Plan

Washington Perspective: New Administration Congress Examine Changes That May Impact Retirement

March 26, 2017

President Trump and Congress are examining potentially significant changes that may affect retirement benefits for public sector employers and employees.

Washington Perspective: Senate Finance Committee Releases Retirement Enhancement and Savings Act of 2016

December 16, 2016

On Sept. 21, 2016, the Senate Finance Committee unanimously reported out the Retirement Enhancement and Savings (RESA) Act of 2016. Given the broad bipartisan support of the bill and the expressed interest of President-elect Donald Trump and Congress to implement tax reform in 2017, RESA (or some RESA provisions) may become law in 2017.

President Obama’s Proposed Budget for Fiscal Year 2017

March 31, 2016

President Obama's Fiscal Year 2017 (FY17) Budget includes a number of provisions that may affect retirement plans.

New Safe Harbor Definitions for Normal Retirement Age

February 26, 2016

On Jan. 26, 2016, the IRS and Department of Treasury issued proposed regulations related to the normal retirement age (NRA) in governmental 401(a) money purchase plans.

ICMA-RC Participates in America Saves Week for Third Year

February 17, 2016

For the third consecutive year, ICMA-RC, the nation's only non-profit provider of retirement plans exclusively for public sector employees, is participating in America Saves Week.

ICMA-RC and Its Clients Receive 35 Education and Communications Awards in 2015

February 11, 2016

ICMA-RC, the nation’s only non-profit provider of retirement plans exclusively for public sector employees, working with its local and state government clients, received 35 awards and honorable mentions in 2015.

ICMA-RC Launches Website Enhancements

December 28, 2015

ICMA-RC, the nation's only non-profit provider of retirement plans exclusively for public sector employees, recently launched its redesigned website, www.icmarc.org.

ICMA-RC Memorial Scholarship Fund Accepting Applications for 2016-2017

December 15, 2015

The ICMA-RC Public Employee Memorial Scholarship Fund is now accepting applications for the 2016-2017 academic year.

ICMA-RC to Open Retirement Service Center for Washington, D.C. Employees

October 26, 2015

District of Columbia Mayor Muriel Bowser, Director of Human Resources Ventris Gibson, and District Chief Financial Officer Jeff DeWitt will join ICMA-RC President and CEO Bob Schultze to cut the ribbon at the Oct. 30 grand opening of ICMA-RC’s new walk-in Retirement Service Center for the District’s approximately 40,000 employees.

IRS Announces 2016 Retirement Plan Contribution Limits

October 21, 2015

On October 21, 2015 - The IRS announced that it will not adjust most current contribution limitations for qualified retirement plans in the 2016 tax year. Key numbers, including the pension plan limitations, will remain unchanged in 2016 because the increase in the Consumer Price Index did not meet the statutory thresholds for their adjustment.

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