Webinar to Address Year-End Retirement Decisions in RS Plan

For participants in the Retirement Security (RS) Plan who are considering retiring around the end of the year, interest rate announcements in mid-December often cause a flurry of eleventh-hour decisions and sometimes confusion. Because those rates influence the calculation of lump sums in the RS Plan, participants who intend to take their benefit as a single cash payment (or lump sum) must consider the current-year versus next-year interest rates when timing their retirement.

On Thursday, September 15, Monty Bilkert, a planner on the Personal Investment & Retirement Consulting (PIRC) team, will host a 30-minute lunch and learn webinar titled, “To Retire or Not Retire (This Year): Understanding Your RS Plan Benefit.” The webinar will walk through the year-end landscape and explain what retiring participants need to know to help them navigate decisions around timing and the financial implications of those decisions. Monty will also touch on retirement decisions for 401(k) Pension Plan participants.

Please share this registration link with employees at your cooperative who may benefit from this information. The webinar will be held at 1 pm, Central time. In the meantime, we invite you or your employees to submit any specific questions for Monty to address during the presentation by emailing employeebenefits@nreca.coop.