RS Plan Estimates Streamlined – NRECA Employee Benefits Weekly

Beginning in mid-August, quasi-retirement and retirement benefit estimates for participants in the Retirement Security (RS) Plan will no longer include the three different interest rates used to calculate a lump sum payment (Pension Benefit Guaranty Corporation, 30-Year Treasury and three-segment yield curve). In the updated version, participants will just see the estimated total lump sum amount.

Participants who are interested in exploring what the specific rates are and how they contribute to lump sum calculations are encouraged to reach out to NRECA’s Personal Investment & Retirement Consulting (PIRC) team. By connecting directly with financial experts who can give them prompt, personal and confidential answers to their questions, NRECA hopes to further encourage use of PIRC as the resource to answer questions about RS Plan benefit estimates.

To reach PIRC, call 866.673.2299, option 6, or email pirc@nreca.coop.