2022 RS Plan Statements Available Soon
Annual benefit statements and the Financial Power RS newsletter for most Retirement Security (RS) Plan participants will mail and be available on the NRECA Employee Benefits website during the week of March 28. However, some participants with more complicated situations (such as those who have a qualified domestic relations order; or had participated in a prior plan that merged into the RS Plan; or may be affected by regulatory salary or benefit limits; or that have other benefit service history requiring manual calculations) can expect to receive their statements later.
The 2022 issue of the Financial Power RS newsletter includes articles to educate participants about retirement income planning, finding key information on their statements and designating beneficiaries for their RS Plan benefit.
Updated A Tour of Your RS Plan Statement and Weighing Your RS Plan Payment Options fliers are available to participants on the Employee Benefits website. Participants can filter documents by “Retirement Security Plan” or search by the title of the flier. These fliers explain the data and information on the annual statement, how lump sums are determined and how changes in interest rates may affect the value of estimated benefits.
Participants with questions about their RS Plan benefit are encouraged to reach out to NRECA’s Personal Investment & Retirement Consulting (PIRC) team by calling 866.673.2299, option 6, or by email at pirc@nreca.coop. PIRC planners are available weekdays from 7:30 am to 4 pm, Central time.