Plan participants who are no longer working, reached age 70½ in 2017, and chose to delay their first payment until 2018, must take their initial required minimum distribution (RMD) by April 1. Participants who are required to but do not[…]
CVS Caremark™, NRECA’s pharmacy benefit manager, has announced changes to the Performance Drug List, which is the formulary containing the most commonly prescribed brand and generic drugs, effective April 1, 2018. CVS Caremark continually reviews and updates the formulary to[…]
The February issue of Benefits Bulletin is now online. Read about: The financial health and stability of the NRECA-sponsored employee benefit plans and upcoming enhancements to the Retirement Security (RS) Plan in Peter Baxter’s column How the Fitbit discount and[…]
Cooperatives participating in the Retirement Security (RS) Plan received invoices from October through December 2017 that contained estimated results of the RS Plan true-up calculation. The true-up process is intended to take into account the addition or removal of individual[…]
Join your counterparts from cooperatives across the country for the 2018 Basic Benefits Training Course (BBTC). This year’s conference is May 22 – 24 in Omaha, Nebraska. Each year the BBTC brings together co-op benefits professionals for an opportunity to[…]