10 04, 2014

President Obama Signs Co-op Pension Bill

2014-04-10T21:36:03-07:00April 10th, 2014|Categories: Pension Reform|Tags: , , |

A bill that increases stability and reduces cost pressures for co-ops in the NRECA Retirement Security Plan is now law. President Obama signed the Cooperative and Small Employer Charity Pension Flexibility Act into law on April 7. The measure passed the House of Representatives by voice vote on March 24, after unanimously passing the Senate on Jan. 28. The law provides a permanent exemption for not-for-profit sponsors of multiple-employer pension plans, like electric co-ops in the RS Plan, from [...]

26 03, 2014

Co-op Pension Plan Bill Clears Congress

2014-03-26T21:11:43-07:00March 26th, 2014|Categories: Pension Reform|Tags: , , |

A bill designed to protect the electric cooperative pension plan from overregulation and unstable funding requirements is headed for President Obama’s signature. The House of Representatives approved the Cooperative and Small Employer Charity Pension Flexibility Act March 24 on a voice vote. It permanently exempts not-for-profit sponsors of multiple-employer pension plans, like the NRECA Retirement Security Plan, from costly and unpredictable provisions of the 2006 Pension Protection Act. […]

1 02, 2014

Senate OKs Co-op Pension Plan Bill

2014-02-01T01:12:34-07:00February 1st, 2014|Categories: Retirement|Tags: , , |

A bill that prevents unnecessary cost increases and funding volatility for electric cooperatives that participate in the NRECA Retirement Security Plan has unanimously passed the Senate and is headed to the House of Representatives. The Cooperative and Small Employer Charity Pension Flexibility Act, a co-op legislative priority, cleared the Senate on Jan. 28. NRECA and member co-ops have worked hard for the measure, which was authored by Senate Health, Education, Labor, and Pensions Committee Chairman Tom Harkin, D-Iowa, and [...]