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MissionSquare strongly supports — and encourages Congress to pass — the Retirement Fairness for Charities and Educational Institutions Act
MissionSquare strongly supports — and encourages Congress to pass — the Retirement Fairness for Charities and Educational Institutions Act

Business Wire

time20-05-2025

  • Business
  • Business Wire

MissionSquare strongly supports — and encourages Congress to pass — the Retirement Fairness for Charities and Educational Institutions Act

WASHINGTON--(BUSINESS WIRE)--MissionSquare Retirement announced its support for the Retirement Fairness for Charities and Educational Institutions Act (HR 1013), following today's House Financial Services Committee vote to advance the legislation. The legislation would benefit individuals and companies by offering greater choice and fairness in investment decisions by permitting 403(b) plans to invest in collective investment trusts (CITs). If enacted, MissionSquare believes that the act could help expand access and further build retirement security for all employees. 'Ensuring all working Americans have access to the tools they need to build a secure financial future is critical, and we are encouraged that this remains a priority among lawmakers today,' said Andre Robinson, CEO and president of MissionSquare. 'We urge Congress to advance the Retirement Fairness for Charities and Educational Institutions Act forward as MissionSquare remains strongly in favor of programs that help create parity in investment options across retirement savings programs.' The bipartisan legislation would ensure working Americans in education, charitable organizations, public service, and certain types of health care can access cost-efficient investment options available in all other retirement plan types, such as 401(k)'s and governmental 457(b)'s. While SECURE 2.0 helped move forward the necessary first step to provide 403(b) plans with lower-cost options by allowing CITs or group trusts, the securities law changes needed to make the provision effective were not included in the final bill. 'At MissionSquare, we have long utilized CITs as an effective tool to help reduce costs for the retirement savers we serve. CITs also offer a valuable option for plan administrators to consider when making investment decisions,' said Irica Solomon, head of Corporate Citizenship, Government Affairs and Advocacy at MissionSquare. 'We believe that providing 403(b) and broader retirement plan savers access to these important investment options can offer greater optionality to help strengthen the financial security of the nation's workforce.' MissionSquare remains focused on its mission to help all plan participants retire well, which continues to drive and define the company today. The firm continues to introduce new tools and resources to help individuals and their families build retirement security. About MissionSquare Retirement Since its founding in 1972, MissionSquare Retirement has been dedicated to simplifying the path to retirement security for public service employees. As a mission-based financial services company, we manage and administer over $72.0 billion in assets.* Our commitment to delivering results-oriented retirement plans, education, investments, and personalized advice sets us apart. Explore how we enable public service workers to build a secure financial future. For more information, visit *As of Dec. 31, 2024. Includes 457(b) plans, 401(a) plans, 403(b) plans, Retirement Health Savings plans, Employer Investment Program plans, affiliated IRAs, and investment-only assets.

MissionSquare strongly supports — and encourages Congress to pass — the Retirement Fairness for Charities and Educational Institutions Act
MissionSquare strongly supports — and encourages Congress to pass — the Retirement Fairness for Charities and Educational Institutions Act

Yahoo

time20-05-2025

  • Business
  • Yahoo

MissionSquare strongly supports — and encourages Congress to pass — the Retirement Fairness for Charities and Educational Institutions Act

WASHINGTON, May 20, 2025--(BUSINESS WIRE)--MissionSquare Retirement announced its support for the Retirement Fairness for Charities and Educational Institutions Act (HR 1013), following today's House Financial Services Committee vote to advance the legislation. The legislation would benefit individuals and companies by offering greater choice and fairness in investment decisions by permitting 403(b) plans to invest in collective investment trusts (CITs). If enacted, MissionSquare believes that the act could help expand access and further build retirement security for all employees. "Ensuring all working Americans have access to the tools they need to build a secure financial future is critical, and we are encouraged that this remains a priority among lawmakers today," said Andre Robinson, CEO and president of MissionSquare. "We urge Congress to advance the Retirement Fairness for Charities and Educational Institutions Act forward as MissionSquare remains strongly in favor of programs that help create parity in investment options across retirement savings programs." The bipartisan legislation would ensure working Americans in education, charitable organizations, public service, and certain types of health care can access cost-efficient investment options available in all other retirement plan types, such as 401(k)'s and governmental 457(b)'s. While SECURE 2.0 helped move forward the necessary first step to provide 403(b) plans with lower-cost options by allowing CITs or group trusts, the securities law changes needed to make the provision effective were not included in the final bill. "At MissionSquare, we have long utilized CITs as an effective tool to help reduce costs for the retirement savers we serve. CITs also offer a valuable option for plan administrators to consider when making investment decisions," said Irica Solomon, head of Corporate Citizenship, Government Affairs and Advocacy at MissionSquare. "We believe that providing 403(b) and broader retirement plan savers access to these important investment options can offer greater optionality to help strengthen the financial security of the nation's workforce." MissionSquare remains focused on its mission to help all plan participants retire well, which continues to drive and define the company today. The firm continues to introduce new tools and resources to help individuals and their families build retirement security. About MissionSquare Retirement Since its founding in 1972, MissionSquare Retirement has been dedicated to simplifying the path to retirement security for public service employees. As a mission-based financial services company, we manage and administer over $72.0 billion in assets.* Our commitment to delivering results-oriented retirement plans, education, investments, and personalized advice sets us apart. Explore how we enable public service workers to build a secure financial future. For more information, visit *As of Dec. 31, 2024. Includes 457(b) plans, 401(a) plans, 403(b) plans, Retirement Health Savings plans, Employer Investment Program plans, affiliated IRAs, and investment-only assets. View source version on Contacts Media Contact: Laura MaulucciMissionSquare Retirement(202) 655-5420LCMaulucci@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

‘Sacred Spaces' exhibit looks at history and evolution of RI's Black churches
‘Sacred Spaces' exhibit looks at history and evolution of RI's Black churches

Yahoo

time12-02-2025

  • General
  • Yahoo

‘Sacred Spaces' exhibit looks at history and evolution of RI's Black churches

PROVIDENCE, R.I. (WPRI) — Over the last 50 years, the Rhode Island Black Heritage Society has been hard at work saving thousands of artifacts from the lives of those of African descent across the Ocean State, including several prominent Black figures. Those centuries of resilience and perseverance have culminated in the 'Sacred Spaces' exhibition, which tracks the history and evolution of the state's Black churches. 'There's a lot of churches that ended up either shutting down, relocating, or merging with other congregations in an effort to survive,' lead archivist Andre Robinson explained. 'Even in the face of the city sort of deciding, 'Your community doesn't matter,' it mattered enough to them to keep it together.' Sacred Spaces: The Legacy of Black Churches in Rhode Island will be open to the public starting Friday, Feb. 14. SEE ALSO: Tour of North Burial Ground honors RI's Black history Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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