The Internal Revenue Service has issued the interest rates used to calculate Retirement Security (RS) Plan lump sum cash payments for 2021. Different rates are used depending on when an employee earned benefits through the RS Plan. The GATT rate[…]
Don’t forget to sign up now for an engaging 30-minute webinar mimicking the popular television game show that will be held on Tuesday, December 15, at 1 pm, Central time. Hosted by Personal Investment & Retirement Consulting (PIRC) planner Noreen[…]
In addition to those announced in the November 18 issue of NRECA Employee Benefits Weekly, the following changes to NRECA’s Medical Plan prescription drug coverage will take effect on January 1, 2021: Removed from the formulary: DUEXIS, VIMOVO, 510k topical[…]
December 31 is the final deadline to give the following notices to employees participating in the NRECA Medical Plan. Your cooperative may distribute these with annual enrollment materials or at a different time, but be sure you’ve distributed them before[…]
Employees living in Florida who request a loan from their 401(k) account should note that there’s an additional cost to borrowing: They will owe stamp tax on the promissory note. The Florida stamp tax is a marginal tax levied on[…]