March 2019 – Page 3 – NRECA Employee Benefits Weekly

Month: March 2019

April 1: Initial 2018 RMD Deadline for Deferred Compensation 457(b) Plans for Tax-exempt Co-ops

Posted on March 6, 2019March 6, 2019Posted in Deferred Compensation Plans, Retirement Benefits

Plan participants who are no longer working, reached age 70½ in 2018, and chose to delay their first payment until 2019, must take their initial required minimum distribution by April 1. Participants who are required to but do not withdraw[…]

Updated “Separation” Event Now Available Online

Posted on March 6, 2019March 7, 2019Posted in All Benefits

The latest enhanced employee administration event on the NRECA Employee Benefits website is the “separation” event used by benefits administrators (BAs) to notify NRECA when an employee is terminating employment or retiring. Users will be guided to: Enter an employee’s[…]