In late October 2014, we notified cooperatives about the amendment of the definition of “spouse” under NRECA’s Group Benefits Program (GBP) to include same-sex spouses when recognized by the state where the co-op is headquartered. This created an opportunity for co-ops[…]
If you want to keep your current billing frequency, no action is needed. If you want to change the billing frequency for your group benefit plans to monthly, quarterly, semi-annual or annual, you can do so online. Go to Administration[…]
If your cooperative sponsors the NRECA 401(k) Pension Plan with the Safe Harbor provision, you should have already received your final 2015 Safe Harbor notice. The deadline for distribution is November 28, 2014. If you haven’t already, please give the[…]
Benefits Bulletin is now available on the Employee Benefits website. Read about: Insurance & Financial Service’s mission and how it ties into NRECA’s overall strategy in Peter Baxter’s column Annual enrollment dates, resources and tracking reports The new FSA/HRA debit[…]
The IRS recently announced that the maximum annual contribution limit for Flexible Spending Accounts will edge up $50 to $2,550 for 2015. This allows employers to increase their plan limits but it is not a mandatory change. Unfortunately, this announcement[…]