NRECA will be mailing the required Retirement Security (RS) Plan 2016 annual funding notice to participants and beneficiaries the week of April 17. The Pension Protection Act of 2006 requires NRECA to mail an annual funding notice to participants in[…]
The NRECA-sponsored Retirement Security (RS) and 401(k) Pension Plan restatements are fast approaching. All cooperatives must re-adopt the restated plans, effective July 1, 2017, by passing a board resolution and signing new adoption agreements. All documents are due back to NRECA[…]
The NRECA Medical Plan now covers digital breast tomosynthesis, commonly called 3-D mammography, retroactive to January 1, 2017. Cooperative Benefits Administrators (CBA) will reconsider claims received previously for 3-D mammograms. Participants do not need to resubmit claims, but they may[…]
Effective April 1, 2017, the 401(k) Pension Plan’s loan interest rate, which is set at 1% more than the nation’s prime interest rate, is 5%. Things you and your employees should consider about loans If your cooperative offers a 401(k)[…]
As NRECA celebrates its 75th birthday, this month’s wellness content highlights simple steps that can help your cooperative’s employees celebrate more birthdays by improving their health and increasing longevity. Share the following content with your employees: Make A Healthy Switch[…]