ICMA Retirement Corporation: By The Public Sector For The Public Sector
The ICMA Retirement Corporation also known as ICMA-RC was founded in 1972 and is a public sector corporation working for the public sector. The International City/Council Management Association (ICMA) established it and in this it got assistance from a grant given by the Ford Foundation. Over the years, ICMA Retirement has been able to provide a portable retirement plan that allows you to accumulate retirement assets, which can be transferred among employers.
Has Grown Considerably In A Short Span Of Three Decades
In a short span of time covering three decades the ICMA Retirement has been able to grow considerably, and it now has the ability to manage, it is believed, assets in excess of twenty-three billion dollars for more than six thousand seven hundred sponsors that covers an estimated more than six hundred and fifty thousand employees. The company is committed to serving the public sector exclusively, and in this it offers the best retirement products as well as services such as the Vantagepoint Funds as well as many other investment options.
There is no doubting the commitment of ICMA Retirement to serving the interests of the public sector, which forms an integral part of the organization’s investment products as well as retirement programs. The Vantagepoint Public Employee Memorial Scholarship has been able to award more than, it is believed, three hundred forty thousand dollars to children as well as spouses of public employees that lost their lives while on duty.
The ICMA Retirement Corporation also has been the founding corporate sponsor of the International Hispanic Network, which supports as well as provides the local community with clothes as well as food as also some programs for tutoring affected persons. The vision of ICMA Retirement Corporation is to provide retirement solutions to employees of the public sector as well as for employers, and this forms the core of its mission ever since it was incorporated in 1972.
The ICMA Retirement Corporation is an independent entity that is supposed to manage as well as administer plans that are meant to exclusively benefit both employees as well as employers of public sector undertakings. You can derive many benefits from its generous 401(k) retirement savings plan that features corporate contribution of eight percent of the salary and bonus, hundred percent matches of employee contributions up to two percent of salary, and Term Life Insurance. There is no doubting the company’s commitment to serve the public sector, which is unwavering now and for the future.