The Internal Revenue Code (IRC) requires plan participants who meet certain requirements to receive required minimum distributions. Under the required minimum distribution rules, participants in a nonqualified deferred compensation 457(b) plan who either (a) are no longer employed and reach[…]
Register now for this webinar on December 11, 2019 at 2 pm, Eastern time, to learn how to prepare and send your cooperative’s 2019 compliance data. Carol Barnes and Jeff Blaszkowski of the NRECA compliance team will explain the reporting process and when you[…]
The last day to submit 2020 billing frequency changes is December 1, 2019. Changes will take effect January 1, 2020. If you want to keep your current billing frequency, no action is needed. To change the billing frequency for your[…]
CVS Caremark™, NRECA’s pharmacy benefit manager, has announced changes to NRECA’s Medical Plan prescription drug coverage. These changes will take effect January 1, 2020. CVS Caremark continually reviews and updates drugs covered under the plan to help ensure NRECA participants[…]
Recently, an enhanced employee life event rolled out on the Employee Benefits website. This new event makes it easier to report the death of a participant or dependent. The BA Guide has been updated to reflect this new event by[…]