A Note about Holiday Timing for Processing 401(k) Withdrawals

NRECA runs all scheduled payments on the 22nd of each month, which allows participants to receive their payments by the first of the following month.

To accommodate the holidays this year, NRECA will be processing scheduled 401(k) Pension Plan payments on December 14, 2016.

A flier will be included with November scheduled payment-disbursement worksheets and inserted in all distribution option kits that are mailed from November 21 through December 21, 2016. The flier advises participants who are already receiving scheduled payments of the holiday timing and encourages participants who have not yet made a distribution election not to wait until the last minute if they want a withdrawal processed before the end of 2016. Because NRECA must hold all distribution paperwork for seven days from the signature date, documents for all distributions must meet good-order standards and have signature dates no later than December 22, 2016, in order to be processed on December 28, 2016—the last processing day for 2016.  Normal time frames for final delivery or deposit will apply.