News and Updates

MissionSquare Retirement Memorial Scholarship Fund has awarded over $100,000 in scholarships to 51 surviving children and spouses of public sector employees who died in the line of duty.

Treasury and the IRS have finalized regulations on RMDs from qualified plans and IRAs, incorporating changes from the SECURE Act and SECURE 2.0.

MissionSquare Retirement today announced that its Board of Directors has appointed Andre Robinson as Chief Executive Officer and President effective September 3, 2024.

The IRS issued Notice 2024-55, providing guidance on the implementation of two new exceptions to the 10% early withdrawal penalties under IRC § 72. Sections 115 and 314 of the SECURE 2.0 Act of 2022 created emergency personal expense distributions and domestic abuse victim distributions, respectively.

After years of unprecedented workforce shortages, state and local governments are finally experiencing some relief in recruitment challenges.

The MissionSquare Foundation is focused on strengthening communities by supporting the long-term wellbeing of youth. A core component of the Foundation’s efforts includes cultivating civic-mindedness, critical thinking, and leadership skills in future leaders.

YMCA of the USA (Y-USA) is pleased to announce the second year of the $2 million multi-year national partnership with MissionSquare Foundation. This partnership is providing support to implement the Youth and Government® program in 13 states and the District of Columbia, helping shape the next generation of thoughtful, committed and active citizens.

On April 16, the Internal Revenue Service (IRS) issued Notice 2024-35 to address changes to certain provisions of the after-death required minimum distribution (RMD) rules as directed by the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019. This notice provides valuable flexibility amidst regulatory changes, offering clarity for navigating RMD obligations in the coming years.

MissionSquare Retirement has been recognized by the Equal Opportunity Employment Journal as a Top Diversity Employer for 2024 in the finance sector.

On April 16, the Internal Revenue Service (IRS) issued Notice 2024-35 to address changes to certain provisions of the after-death required minimum distribution (RMD) rules as directed by the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019. This notice provides valuable flexibility amidst regulatory changes, offering clarity for navigating RMD obligations in the coming years.

Carrie Piltz Appointed to Spearhead Enterprise Partnerships for MissionSquare Retirement

Personal Satisfaction, Job Security, and Salary Motivate Public Service, but Salary Drives Consideration of Job Changes

MissionSquare Retirement today announces the retirement of Wayne Wicker, the company’s highly respected Chief Investment Officer (CIO). Karen Chong-Wulff, CFA®, CAIA®, Head of Fixed Income, will succeed Wicker as Acting CIO effective April 5, 2024, in accordance with the company’s succession plan.

Education Employees Express Highest Levels of Financial Concern While Public Safety Workers Are Most Likely to Make Their Jobs a Career

MissionSquare Retirement Strengthens Commitment to Public Service Employees in California and Texas Through Renewed Partnerships

Cigna Healthcare has selected MissionSquare Retirement, an organization that advocates for retirement security and financial well-being, as a recipient of their 2023 Gold Level Healthy Workforce Designation for demonstrating a strong commitment to improving the health and vitality of its employees through a workplace well-being program.

A new research brief from MissionSquare Research Institute compares the sentiment of younger public service employees by race and ethnicity.

MissionSquare Retirement, a staunch advocate for retirement security and financial well-being, is pleased to announce the renewal of partnerships with eight public service organizations across the nation.

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.

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, 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, 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.

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