Effective February 6, 2018, the default federal income tax withholding rate for taxable employer-provided disability benefits, including long-term and short-term disability benefits, was lowered from 25% to 22%, in accordance with the new federal tax law. Default state income tax[…]
Approval and timely notification of long-term disability approval for your cooperative’s employees impacts benefit plans that you offer to your employee through NRECA. If your cooperative participates in NRECA’s long-term disability plan, NRECA takes care of the notification and associated[…]
UMR now produces year-end W-2 forms and sends them directly to all employees who received NRECA long-term or short-term disability benefit payments in 2014. A W-2 form will be issued for both taxable and non-taxable benefit payments. Cooperatives participating in NRECA[…]
The guides help BAs and employees understand the plans and their responsibilities. The benefits administrator and employee guides for the NRECA Long-term Disability (LTD) Plan have been updated for branding and to ensure the information is current. No significant changes[…]
font-family: Arial, Helvetica, sans-serif;”>In July, co-ops participating in long- or short-term disability plans were asked to complete, and return to NRECA, IRS Form 2678. The IRS is now mailing confirmation letters to co-ops indicating they have received and approved this[…]