If your cooperative is considering the Safe Harbor provision for your 401(k) Pension Plan in 2023 or 2024, contact NRECA now. Safe Harbor is attractive to certain co-ops because with the provision in place, your co-op’s 401(k) Plan is deemed[…]
CVS Caremark™, NRECA’s pharmacy benefit manager, has announced changes to the NRECA Medical Plan’s prescription drug coverage that will take effect October 1, 2023. CVS Caremark continually reviews and updates drugs covered under the plan to help ensure NRECA participants[…]
This year’s collection period of cooperatives’ annual base salary data, also referred to as “November 15 salary data,” runs from September 5 to October 10, 2023. Salary data collection applies to co-ops that participate in either (or both) NRECA’s salary-based[…]
Annual group benefit plan renewals are due September 22 by midnight, Eastern time. If you need help with your cooperative’s annual renewal, contact your NRECA field representative or the Member Contact Center at 866.673.2299 or contactcenter@nreca.coop. We encourage you to send[…]
The summer issue of Benefits Bulletin is online. Read about the wrap-up of the Interact Conference and a discussion of the financial strength and sustainability of NRECA benefit plans, including the base rate increase ranges for 2024 in Peter Baxter’s column…