NRECA provides assistance to some tax-exempt cooperatives in the annual preparation of Internal Revenue Service (IRS) Form 990 (Return of Organization Exempt from Income Tax). NRECA’s Actuarial Services team calculates the change in actuarial value of Retirement Security Plan benefits[…]
As part of the Consolidated Appropriations Act of 2023, Congress passed legislation—often referred to as “SECURE 2.0”—with a number of provisions affecting retirement plans. One provision changes how required minimum distributions are calculated, starting in 2024, for plan participants with[…]
The Internal Revenue Service has issued the interest rates used to calculate Retirement Security (RS) Plan single cash payments in 2024. Different rates are used depending on when an employee earned benefits within the RS Plan. The GATT rate (30-year[…]
If you weren’t able to tune in during yesterday’s lunch and learn webinar hosted by the Personal Investment & Retirement Consulting (PIRC) team, you can now view the recording on the NRECA Employee Benefits website and share it with your[…]
In late 2023 and early 2024, as you submit 401(k) Pension Plan contributions to NRECA, remember to compare the pay date shown in NRECA’s system to the one in your payroll system. If the dates don’t match, adjust the pay[…]