The March 2021 issue of Benefits Bulletin is online. Read about: How the American Rescue Plan Act affects NRECA benefits plans and our benefits legislative priorities for 2021 in Peter Baxter’s Plan Perspective column Enhancements to the First Steps Maternity[…]
CVS Caremark®, the NRECA Medical Plan’s pharmacy benefit manager, will conduct a phone survey in April of randomly selected medical plan participants who use the NRECA Medical Plan’s prescription drug benefit. This survey is designed to capture participants’ feedback on[…]
If your cooperative offers the NRECA Medical Plan, you will receive a Message Center notification directing you to the quarterly medical plan summary of material modifications (SMM) that takes effect on April 1, 2021. Deliver the SMM to current plan participants and acknowledge[…]
Effective March 31, NRECA has updated six 401(k) Pension Plan withdrawal forms to comply with IRS tax withholding guidelines. The new forms will be required for the following transactions: Scheduled and unscheduled intermittent withdrawals Long-term disability withdrawals Hardship withdrawals Voluntary[…]
The Insurance and Financial Services Committee of NRECA’s Board of Directors continually monitors the performance of the NRECA 401(k) Pension Plan to ensure plan participants have top-notch investments. As the result of its most recent review, NRECA will be making[…]