News and Updates,Custom

News and Updates

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

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

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 Increases, But Public Employee Quits and Retirements Also Rise

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.

MissionSquare Retirement Announces New Board Chair and Two New Board Members

February 9, 2023

Seasoned City Manager Deanna Santana to Lead Board of Directors

Many Public Service Employees Struggle to Pay Bills and Worry About Retirement

February 2, 2023

New First-of-a-Kind Benchmark Research from MissionSquare Research Institute Examines the Financial Wellbeing, Benefits, and Savings of Public Employees

Michael McAtamney Joins MissionSquare Retirement to Lead the Company’s Consultant Relations Team

January 30, 2023

MissionSquare Retirement today announced that Michael McAtamney has joined the company as Vice President, Head of Consultant Relations.

New MissionSquare Research Institute Report Finds Meaningful Work and Workplace Culture are Top Priorities for Younger Workers

January 12, 2023

83% Say Government Benefits Are Competitive, While 32% Find Salaries Competitive

MissionSquare Research Institute Identifies Six Workforce Trends to Watch in 2023

December 30, 2022

State and local governments, along with other public service organizations, faced yet another challenging year.

MissionSquare Retirement Applauds Passage of SECURE 2.0 Retirement Legislation

December 23, 2022

Lower Cost Investment Options, Removal of Administrative Barriers and Saver’s Match Will Strengthen Public Service Employees’ Ability to Prepare for Retirement

SECURE 2.0 Act of 2022 Included in 2023 Omnibus Appropriations Package

December 22, 2022

The SECURE 2.0 Act of 2022 includes approximately 100 provisions designed to boost participation in workplace retirement plans and reduce the cost and administrative burdens of sponsoring them.

New MissionSquare Research Institute Research Provides In-Depth Insight on the Workforce Diversity, Equity, and Inclusion Challenges and Opportunities Facing Local Governments

November 28, 2022

A new report from MissionSquare Research Institute presents the results of focus groups with local government staff responsible for workforce Diversity, Equity, and Inclusion (DEI) programs.

84% of Public Service Employees Increasingly Anxious About Their Financial Security Amid Turbulent Economy and Market Volatility

October 12, 2022

New MissionSquare Research Institute Survey Finds Retirement Savings Dropping as Inflation and Housing Costs Rise

40 Surviving Family Members of Fallen Heroes Receive Higher Education Scholarships

September 13, 2022

In its 21st Year, MissionSquare Retirement Memorial Scholarship Fund Again Increases Scholarships to Help Address the Rising Cost of Education

Katherine Schulze Joins MissionSquare Retirement to Lead the Company’s Legal and Corporate Affairs Team

August 10, 2022

Katherine Schulze Joins MissionSquare Retirement to Lead the Company’s Legal and Corporate Affairs Team

New MissionSquare Research Institute Study Finds Diversity, Equity, and Inclusion a High Priority for Most Local Governments

July 7, 2022

A new research report from MissionSquare Research Institute finds workforce diversity, equity, and inclusion (DEI) is a high priority for 56% of local government human resources staff. The most common focus of local government DEI programs and policies is on the equitable treatment of employees (52 percent), an area that most respondents (70%) say has been successful.

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