On June 13, the Federal Reserve raised its benchmark interest rate by 0.25%. In response, U.S. banks are increasing the prime interest rate to 5%. Effective July 1, 2018, the NRECA-sponsored 401(k) Pension Plan’s loan interest rate, which is set[…]
To learn how NRECA’s Life Strategy Counseling program can serve as a valuable resource for your employees, sign up for the Life Strategy Counseling: Support for Co-op Families webinar. The webinar is Thursday, June 21, from 2 to 3 pm[…]
Annual invoices will be emailed to cooperatives with current agreements for deferred compensation plan consulting services the week of June 18, 2018. We recognize that the primary contact for deferred compensation plan invoices may change and we make every effort[…]
For effective dates on or after January 1, 2019, cooperatives participating in NRECA’s Retirement Security (RS) Plan will be able to amend their plan to stop offering the quasi-retirement and/or the lump sum distribution option. If a co-op chooses to[…]
NRECA is finalizing the previously announced Voluntary Contribution Acceleration Program (VCAP) for cooperatives participating in the Retirement Security (RS) Plan. The new program will provide co-ops with the flexibility to make additional contributions to the RS Plan in exchange for[…]