Corporate Profile

ICMA-RC

ICMA-RC is dedicated to offering public sector employers and employees the best retirement programs to meet their needs. Our corporation focuses on serving those who serve the public. ICMA-RC also takes a leadership role to ensure that the public sector’s voice is heard in the formulation of legislative and regulatory policies.

Our relationship with the public sector has been greatly strengthened with the recent enhancement of our partnership with ICMA. We have worked closely with ICMA to expand its high-quality continuing education programs through the ICMA University and the annual conference, with a special focus on the next generation of local government professionals.

Unique Approach for Retirement Health Care Costs

Health care costs for retirees are escalating dramatically as employers are faced with budget challenges. This, in fact, is one of the biggest financial concerns retirees face, and ICMA-RC has a unique way to address the issue.

The VantageCare Retirement Health Savings (RHS)* plan helps employers assist employees in paying for the cost of retirement health care. Under the program, participants contribute, pre-tax, a portion of their salaries or accrued benefits. If earnings or withdrawals from these contributions are used during retirement to pay for insurance premiums, co-pays, deductibles, and other non-covered expenses such as prescription drugs, the earnings and withdrawals are tax-free.

457 Plan Issues

ICMA-RC is once again at the forefront of addressing the concerns of public employers who are seeking to provide the best benefits at the lowest costs for their employees. For example, for the past six years, ICMA-RC has voluntarily reduced fees for existing clients. ICMA-RC also has taken the lead in ensuring that public sector interests are protected during consideration of proposed legislative and regulatory changes designed to encourage retirement savings and prevent mutual fund trading abuses.

Commitment to the Public Sector

Five years ago, ICMA-RC founded the Vantagepoint Public Employee Memorial Scholarship Fund, dedicated to survivors of public sector employees who contributed unhesitatingly to their communities and who paid the ultimate price for their service. The scholarship fund offers greater security for the families of public sector employees through educational scholarships.

Since its inception, the scholarship fund has provided financial assistance amounting to more than $340,000 to 87 children and spouses who were identified by such organizations as ICMA-RC plan sponsors, the Fraternal Order of Police, National Fallen Firefighters Foundation, Concerns of Police Survivors, Inc., and the National Forum for Black Public Administrators. Financial support is provided annually by ICMA-RC and its financial partners and vendors.

* Please consult carefully both the current Vantagepoint Funds prospectus and Making Sound Investment Decisions: A Retirement Investment Guide for a complete summary of all fees, expenses, charges, financial highlights, investment objectives, risks, and performance information. Investors should consider the Fund’s investment objectives, risks, charges, and expenses before investing or sending money. The prospectus contains this and other information about the investment company. Please read the prospectus carefully before investing. Vantagepoint securities are distributed by ICMA-RC Services LLC, a broker dealer affiliate of ICMA-RC, member NASD/SIPC. For a current prospectus, contact ICMA-RC Services LLC, 777 North Capitol Street NE, Washington, DC 20002-4240. 1-800-669-7400.

Learn about the benefits of joining ICMA and receiving PM magazine as part of your benefits package at http://icma.org/join. To subscribe to PM, call 202/289-ICMA (202/289-4262) or e-mail bookstoremanager@icma.org.