Current Issues

These are some of the key issues facing public sector retirement plan sponsors and participants.

Making EGTRRA Retirement Provisions Permanent

On Aug. 3, 2006, Congress passed PL-109-280, also known as the Pension Protection Act of 2006, which made permanent important retirement provisions from the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA).

EGTRRA permanency will assist public sector workers in saving for their retirement and remaining financially secure in their retirement years, and will provide certainty to employees and employers with regard to plan provisions and designs. [Learn more about EGTRRA and the Pension Protection Act]

Retirement Health Care

One of the most challenging issues facing local governments and their employees for the coming decade is retiree health care. In this section you will find articles, video, and other links for public sector employers and employees about preparing for higher costs, Medicare reforms, and other changes in retirement healthcare. [See Retirement Health Care articles]

Fee Disclosures

In the past year or so, Congress and government regulators have increasingly taken an interest in assessing fee disclosure issues, such as what fee information is required and how the information is disbursed. A primary concern amongst lawmakers is that plan participants have enough information about the fees and expenses they are being charged, so that they are able to make the best investment choices for themselves. ICMA-RC understands the importance of low fund fees and expenses to our plan participants. Please visit the links below for current news and articles on this important issue. [Read More]