Before revision: In 1972, ICMA, with the help of a Ford Foundation grant, founded ICMA Retirement Corporation (ICMA-RC), a nonprofit that created a way to make public sector employee retirement assets portable between localities.
After revision: In 1972, ICMA, with the help of a Ford Foundation grant, created ICMA Retirement Corporation (ICMA-RC), an independent nonstock, nonprofit, financial services company that created a way to make city and county manager retirement assets portable between localities.