News and Updates,Custom

News and Updates

Drue Holloway Appointed Chief Strategy Officer at MissionSquare Retirement

November 25, 2024

Holloway will lead MissionSquare’s strategic initiatives, driving growth and enhancing organizational performance. His extensive strategy and M&A experience and deep background in retirement services and wealth management will be instrumental in shaping the future direction of the organization.

Lisa Raff Appointed Chief Human Resources Officer at MissionSquare Retirement

November 21, 2024

MissionSquare Retirement is pleased to announce the appointment of Lisa Raff as Chief Human Resources Officer.

81% of Public Service Employees Worried They Won’t Have Enough Money to Last Through Retirement

October 28, 2024

New MissionSquare Research Institute Survey Conducted for National Retirement Security Month Finds Higher Wages, Improved Healthcare Benefits, and Enhanced Financial Education Would Bolster Employees’ Retirement Confidence

Student Debt Is a Major Source of Economic Stress for U.S. Public and Private Sector Workers, New MissionSquare Research Institute Study Finds

October 22, 2024

A new report from MissionSquare Research Institute reveals that 93% of private sector employees and 89% of public sector workers with student loans consider their debt levels problematic.

Treasury and IRS Publish Guidance on LTPT Rules for 401(k) and 403(b) Plans

October 10, 2024

The U.S. Department of the Treasury and IRS published guidance on the long-term part-time rules that apply to 401(k) and ERISA-covered 403(b) plans, as amended by SECURE 2.0.

New Report Highlights Financial Challenges for Women in Public Sector Jobs

September 30, 2024

The overall financial wellbeing of women working in state and local government is mixed, with both positive indicators and troubling challenges according to a new report from MissionSquare Research Institute.

IRS Request for Information on SECURE 2.0 Act Saver’s Match

September 25, 2024

The U.S. Treasury Department and Internal Revenue Service (IRS) have issued a request for information (RFI) on implementing the Saver’s Match provision of the SECURE 2.0 Act, which, beginning in 2027, will convert the existing Saver’s Credit into a refundable tax credit payable as a contribution of up to $1,000 deposited into an eligible individual’s designed retirement savings vehicle.

Treasury, IRS Guidance Provides Additional Clarity on SECURE 2.0 Student Loan Matching Contributions Provisions

September 24, 2024

The U.S. Department of the Treasury and Internal Revenue Service published Notice 2024-63, providing question-and-answer guidance on the provisions of SECURE 2.0 allowing employers to make matching contributions on student loan payments by employees.

MissionSquare Retirement Memorial Scholarship Fund Awards $100,000 to Families of Fallen Public Sector Heroes

September 9, 2024

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.

IRS Releases Finalized RMD Rules

July 31, 2024

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 Appoints Andre Robinson as Chief Executive Officer & President

July 30, 2024

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

Guidance Issued for SECURE 2.0’s New Exceptions to the 10% Early Withdrawal Penalties

July 29, 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.

Recruitment Challenges Easing for State and Local Governments, New Report Finds

July 23, 2024

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

A Joint Mission to Inspire Our Future Leaders

June 25, 2024

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 Expands Partnership with MissionSquare Foundation to Strengthen Youth Civic Engagement, Give Future Leaders a Voice

June 18, 2024

YMCA of the 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.

Treasury, IRS Issue FAQ Regarding SECURE 2.0 Disaster Relief, Retirement Plans

May 30, 2024

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 Receives 2024 Top Diversity Award from Equal Opportunity Employment Journal

May 28, 2024

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

IRS Notice Offers Flexibility, Relief to RMD Rules

May 13, 2024

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

May 8, 2024

Financial services industry veteran Carrie Piltz will tap her extensive experience to build upon MissionSquare's important partnerships with industry asset managers.

MissionSquare Research Institute Report Examines the Views of Younger Public Service Employees by Age

April 11, 2024

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

MissionSquare Retirement Announces Retirement of Chief Investment Officer Wayne Wicker Following Distinguished Financial Services Career

April 2, 2024

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.

MissionSquare Research Institute Study Details Views of Younger Public Service Employees by Occupation

March 28, 2024

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

March 26, 2024

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

MissionSquare Retirement Earns 2023 Cigna Healthy Workforce Designation™

March 18, 2024

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.

MissionSquare Research Institute Study Examines Sentiment of Younger Public Service Employees by Race and Ethnicity

March 7, 2024

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

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