As of October 19, 2017, requests for distributions from 401(k) Pension Plan accounts will be fulfilled with a new distribution options kit. The kit has been redesigned to be better organized and all-inclusive of the available distribution options and educational[…]
The Internal Revenue Service (IRS) recently released new mortality tables for use in determining lump sums in defined benefit plans like the Retirement Security (RS) Plan. Lump sums in defined benefit plans are calculated using federally mandated interest rates, which[…]
Now that you’ve elected your cooperative’s group insurance plans during annual renewal, your co-op’s employees have the opportunity to enroll in or change their benefits for the upcoming plan year. Changes go into effect January 1, 2018. For 2018, the annual[…]
The latest issue of Benefits Bulletin is now online. Read about: The need for cooperative employees to join together in our grassroots effort to ensure passage of legislation to protect our Retirement Security Plan What you and your employees can[…]
In compliance with federal guidance and leading industry practice, NRECA is updating certain actuarial factors and data requirements when determining the optional forms of annuity benefits in the Retirement Security (RS) Plan. The updated actuarial factors reflect the fact that[…]