2024 Retirement Security Plan Statements Available and Mailing Soon

Annual benefit statements and the Financial Power RS newsletter for most Retirement Security (RS) Plan participants will be available on the NRECA Employee Benefits website and will mail by March 29. However, some participants with more complex 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 2024 issue of the Financial Power RS newsletter includes articles to educate participants about the value of their RS Plan benefit and estimated future benefits. The issue also highlights the importance of retirement income planning and where to seek extra help when it’s time to take their RS Plan benefit.

Additional information is available to participants: A Tour of Your RS Plan Statement and Weighing Your RS Plan Payment Options are located on the Employee Benefits website. These fliers explain the data and information on the annual statement, how single cash payments are determined and how changes in interest rates may affect the value of estimated benefits.

Participants with questions about their RS Plan benefit may contact NRECA’s Personal Investment & Retirement Consulting (PIRC) team by calling 866.673.2299, option 6, or email pirc@nreca.coop. PIRC planners are available weekdays from 7:30 a.m. to 4 p.m., Central time.