News and Updates

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

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.

Agency Hiring Increases, But Public Employee Quits and Retirements Also Rise

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.

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.

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.

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.

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

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.

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

New Data Indicates Many Public Employees Face Financial Struggles

Seasoned City Manager Deanna Santana to Lead Board of Directors

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

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

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

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

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

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.

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.

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

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

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.