NRECA Seeks Reduction in Insurance Premiums on Coop Retirement Plans

The National Rural Electric Cooperative Association (NRECA) is pushing hard in the remaining weeks of Congress this year to bring down pension insurance costs for electric coops. “Because of the strength of our network, electric coop retirement plans pose little risk of default. Yet we are required to pay insurance premiums as if we are a high-risk venture,” said NRECA CEO Jim Matheson. “When we overpay these premium costs, we take money away from our core mission as coops—member benefits and services.”

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