News and Updates,Custom

News and Updates

New MissionSquare Research Institute Report Details Student Loan Debt Load for State and Local Government Employees

February 22, 2024

A new report from MissionSquare Research Institute provides an in-depth analysis of student loan debt levels among state and local government public service positions.

Young Women in State and Local Government Express Financial Insecurity, According to MissionSquare Research Institute

February 6, 2024

A new research brief by MissionSquare Research Institute comparing the sentiment of younger public service employees by gender reveals only 23% of women feel very financially secure as compared to 43% of men.

MissionSquare Research Institute Names Zhikun Liu as Vice President, Head of Retirement Research

January 24, 2024

MissionSquare Research Institute, a leading nonprofit and nonpartisan organization specializing in public sector workforce research, announces the appointment of Dr. Zhikun "Dennis" Liu as Vice President, Head of Retirement Research.

MissionSquare Retirement Renews Partnerships, Ensuring Premier Retirement Plan Offerings for Public Service Employees Across the Nation

January 16, 2024

MissionSquare Retirement, a champion of retirement security and financial well-being, is honored to announce the company has renewed relationships with multiple local jurisdictions across the nation to provide the highest quality retirement products and services.

MissionSquare Research Institute Unveils Top Public Service Workforce Trends for 2024

January 9, 2024

As public service employers navigated another challenging year, MissionSquare Research Institute has identified five key workforce trends to watch in 2024.

IRS Issues Two Pieces of Guidance Related to SECURE 2.0

January 8, 2024

On December 20, 2023, the U.S. Treasury Department and Internal Revenue Service (IRS) issued two pieces of guidance clarifying various provisions of the SECURE 2.0 Act of 2022. Notice 2024-2, establishes a cursory framework for employers to implement certain, but not all, provisions. Notice 2024-3, the 2023 Cumulative List for changes to pre-approved DC plans, lists the changes required for a plan to remain a safe harbor, pre-approved plan.

MissionSquare Retirement Drives Public Service Futures with Hillsborough Area Regional Transit Authority Partnership

December 7, 2023

MissionSquare Retirement proudly announces its collaboration with the Hillsborough Area Regional Transit Authority (HART) in Florida, enhancing retirement services for its dedicated employees. Amidst a wave of nationwide renewals, MissionSquare Retirement reaffirms its commitment to empowering public service professionals.

MissionSquare Retirement’s Karen Chong-Wulff Elected to Stable Value Investment Association Board of Directors

November 20, 2023

Karen Chong-Wulff, Managing Vice President and Head of Fixed Income of the Investment Department of MissionSquare Retirement, has been elected to the Board of Directors of the Stable Value Investment Association (SVIA).

MissionSquare Retirement to Provide Retirement Services to City of La Palma and New Orleans Public Facility Management

November 9, 2023

MissionSquare has also renewed relationships with multiple clients across the nation.

MissionSquare Retirement Names Andrew Whiting as Senior Vice President and Chief Sales Officer

November 7, 2023

Throughout his career, Andrew Whiting has cultivated strong relationships with plan sponsors, recordkeepers, consultants, and advisors specializing in the government retirement markets.

MissionSquare Research Institute Finds Substantial Expansion of Auto Enrollment, But Auto Escalation Lags

October 24, 2023

MissionSquare Research Institute Finds Substantial Expansion of Auto Enrollment, But Auto Escalation Lags

MissionSquare Retirement Launches “Start, Stop, Continue” Retirement Education Campaign During National Save for Retirement Month

October 12, 2023

The initiative offers valuable guidance and tools for those employees who work every day to deliver essential public services in communities across the nation.

New MissionSquare Research Institute Report Reveals Insights on Young Public Service Workers

September 27, 2023

A majority of workers under 35 express positive job morale, but financial stress persists.

IRS Issues 2-Year Delay for Key SECURE 2.0 Provision: Requirements for Roth Age Based Catch-Up Contributions

August 25, 2023

Today, the Internal Revenue Service (IRS) issued Notice 2023-62 announcing a 2-year administrative transition period (delay) that extends until 2026 with respect to the new SECURE 2.0 requirement that any age based catch-up contributions made by participants earning over $145,000 must be designated as after-tax Roth contributions.

MissionSquare Retirement's CMO, Sheri Gilchrist, Advocates for Enhanced Financial Education Initiatives

August 14, 2023

Gilchrist highlighted the critical need for organizations to provide substantive financial education programs to employees, as an increasing number of Americans grapple with financial challenges.

IRS Announces Required Minimum Distribution (RMD) Relief for 2023

July 14, 2023

On July 14, 2023, the IRS released Notice 2023-54 (the “Notice”) to provide relief with respect to certain provisions of the RMD rules of Code section 401(a)(9) that Congress changed as part of the SECURE Act and the SECURE 2.0 Act.

State and Local Governments Try New Approaches to Attract Job Candidates as Acute Public Workforce Shortages Linger, New Report Finds

June 29, 2023

Agency hiring increased, but public employee quits and retirements also rose.

YMCA of the USA Announces Partnership with MissionSquare Foundation to Strengthen Youth Civic Engagement, Give Future Leaders a Voice

June 20, 2023

YMCA of the USA (Y-USA), the national resource office for the 2,600+ YMCAs across the country, is pleased to announce the launch of a $1.9 million multiyear national partnership with MissionSquare Foundation.

SECURE 2.0 Technical Corrections Legislation Expected in Congress

June 15, 2023

A bipartisan coalition of congressional leaders say they intend to introduce new legislation clarifying several SECURE 2.0 provisions in a letter directed to the U.S. Department of the Treasury and the IRS.

IRS Issues Interim Guidance on SECURE 2.0 Expansion of EPCRS

May 25, 2023

The IRS on May 25, 2023 released guidance on expansion of the Employee Plans Compliance Resolution System (EPCRS) under Section 305 of SECURE 2.0.

MissionSquare Retirement Board of Directors Appoints Deanna J. Santana Acting CEO & President

April 25, 2023

The Board of Directors has appointed Chair Deanna J. Santana as Acting Chief Executive Officer and President following the departure of Lynne Ford, while the Board conducts a search for a new permanent CEO. Current board member Bob Jones will succeed Santana as Board Chair during this period.

During Financial Literacy Month, MissionSquare Retirement Reaffirms Its Commitment to Strengthening the Financial Confidence and Economic Security of Public Service Employees

April 5, 2023

Throughout April, MissionSquare Retirement will provide webinars, tools, and support to retirement plan employers and participants to help bolster their financial education and confidence.

MissionSquare Advocates for Delay in Required Roth Catch-up Rules; Emergency Savings for Governmental Plans

April 3, 2023

As part of our ongoing efforts to help plan sponsors comply with the many provisions of the SECURE 2.0 Act, MissionSquare has been urging lawmakers to delay by at least two years a new requirement related to age-based “catch-up” retirement contributions.

New MissionSquare Research Institute Survey Finds Many Public Service Employees Worry About Inflation

March 2, 2023

Job satisfaction and retirement benefits are key factors in attracting public service workers.

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