RS Plan 2020 Annual Funding Notice Mailing to Plan Participants

NRECA mailed the required Retirement Security (RS) Plan 2020 annual funding notice to participants and beneficiaries the week of April 19. The Pension Protection Act of 2006 requires NRECA to mail an annual funding notice to participants in and beneficiaries of the RS Plan by April 30. Encourage recipients to review the notice, but no other action is required of them.

Alternate payees (divorced spouses who have been assigned RS Plan benefits under a qualified domestic relations order) will also receive a copy of the annual funding notice, even if they are not currently receiving payments. As is the case with participants, no other action is required of them.

Provide notice and memo to labor union representatives
If your cooperative offers the RS Plan to employees represented by a labor organization, you must provide a copy of the annual funding notice to the organization’s representatives. To help you do this, a cover memo for labor organization representatives, explaining the funding notice, is provided. Print and send it to them. Save a copy of the disclosure to the union representative for your records.

All the documents in the mailing are also available online for you to view and print:

If you or your employees have questions about the notice, contact the Member Contact Center at 866.673.2299 or contactcenter@nreca.coop.