A new report from MissionSquare Research Institute sheds light on the financial independence expectations of American teenagers. The study, titled "Expectations for Achieving Financial Independence among American Teenagers," explores how financial education, demographic factors, and financial concerns influence teens' confidence in achieving financial independence.
MissionSquare Retirement is pleased to announce the appointment of Brian Bouchard as its new Defined Contribution Investment Only (DCIO) Platform Director, alongside Niles Monica, who joined earlier this year as Institutional Client Advisor. Both will work together to enhance the organization’s investment offerings and accelerate its growth in the DCIO market.
A new study from MissionSquare Research Institute reveals that public sector employees exhibit high acceptance rates of default investments in defined contribution (DC) plans.
A new report from MissionSquare Research Institute finds student loan debt influences job acceptance decisions for 56% of public sector employees and 62% of private sector employees.
On January 24, 2025, the Social Security Administration (SSA) posted an update through almost a dozen Q&As on its implementation of the WEP/GPO repeal to their website.
On Friday, January 10, 2025, the Department of the Treasury and the IRS (collectively, the IRS) released proposed regulations addressing three provisions of SECURE 2.0 that impact catch-up contributions to certain types of employment-based retirement plans.
MissionSquare Research Institute has identified six key workforce trends to watch in 2025. The trends focus on job motivations, succession planning, emerging technologies, retirement planning, debt, stress, and mental health.
Market and investment strategist Doug Coté, CFA, has been selected to serve as Chief Investment Officer for MissionSquare Investments and MissionSquare Retirement, organizations committed to helping employees and their families achieve financial wellness and retirement security
On January 5, 2025, President Biden signed into law the Social Security Fairness Act - legislation that repeals both the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO), two provisions of Social Security that reduce or sometimes eliminate benefits for certain public servants, as well as their surviving spouses.
On early December 21, the Senate voted 76-20 to pass the Social Security Fairness Act - legislation that repeals both the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO), two provisions of Social Security that reduce or sometimes eliminate benefits for certain public servants, as well as their surviving spouses.
A recent national survey conducted by the MissionSquare Research Institute highlights that women in public service roles are significantly more concerned about their finances compared to their male colleagues.
New MissionSquare Research Institute Survey Reveals Significant Financial Concerns Among Women in Public Service
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.
MissionSquare Retirement is pleased to announce the appointment of Lisa Raff as Chief Human Resources Officer.
A new national survey from MissionSquare Research Institute reveals the vast majority of public employees (81%) are concerned they won’t have enough money to last throughout their retirement years. Additionally, 78% say they won’t have enough money to live comfortably in retirement, and only 9% say the benefits provided through their employer are “very sufficient” to meet their retirement needs.
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.
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.
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.
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.
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 has awarded over $100,000 in scholarships to 51 surviving children and spouses of public sector employees who died in the line of duty.
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 today announced that its Board of Directors has appointed Andre Robinson as Chief Executive Officer and President effective September 3, 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.
After years of unprecedented workforce shortages, state and local governments are finally experiencing some relief in recruitment challenges.