NRECA Offices Closed Friday, April 10; Special Member Contact Center Hours
NRECA’s offices will be closed on Friday, April 10, however, the Member Contact Center will be open from 7 am to 5 pm, Central time, that day.
Month: April 2020
Registration for Next Rewards for Life Challenge Opens April 15
Hit Your Stride asks registrants to take at least 300,000 steps from Wednesday, April 22 to Friday, June 3. Three registrants will be drawn to win a new Fitbit, and registrants who complete the challenge will receive points in the[…]
SECURE Act Provisions Change Required Minimum Distribution Rules for Nonqualified 457(b) Plans for Employees and Directors
Signed into law on December 20, 2019, the Setting Every Community Up for Retirement (SECURE) Act modifies the required beginning date for mandatory 457(b) plan distributions. The nonqualified deferred compensation plans impacted include: Executive Compensation 457(b) Plan for Employees/Directors; Global[…]
RS Plan Trust Contributions Transitioning to 12-Month Billing
Beginning with the May 2020 invoices, NRECA is switching from an eight-month to a 12-month billing schedule for the trust contribution portion of Retirement Security (RS) Plan invoices. The accelerated eight-month billing schedule was originally put in place in 2011[…]
COVID-19 Benefits Update
NRECA is closely monitoring the impacts of the spread of the novel coronavirus (COVID-19), and we are committed to providing the cooperative communities we serve the most current information on the impacts to our benefit plans. The following reflect the[…]