Now you can read our RAGEHCC Facebook Posts here on our RAGEHCC Website…Just click on “View on Facebook” to like, replay, etc.

 

1 week ago

David P Mcintosh

This message concerns the PPA (Personal Pension Accounts) that many of us signed up for (and some forgot about, myself included) when we worked for GE. This is an account totally separate from the regular GE Pension Plan. It is one funded totally by employee contributions.

If you signed up for this additional pension plan, you can begin making withdrawals as soon as you retire, with these options available to you at that time:

Defer decision and leave to earn interest
Convert to annuity and add to Monthly Pension
Withdrawal in Lump Sum
Rollover to IRA

If you defer a decision until sometime after retirement, when you reach age 70½ you will be required to choose one of the following options:

Full Withdrawal without rollover
Rollover to IRA
Elect an annuity set up by PPA to supplement regular pension

Additionally, if an annuity is selected, you must specify whether you want it paid as a Single Life annuity (no survivorship option), or a 50% or 75% survivorship option. Survivorship options reduce the amount of the monthly payout you will receive, but provide income for your spouse in the event of your death.
... See MoreSee Less

This message concerns the PPA (Personal Pension Accounts) that many of us signed up for (and some forgot about, myself included) when we worked for GE. This is an account totally separate from the regular GE Pension Plan. It is one funded totally by employee contributions.

If you signed up for this additional pension plan, you can begin making withdrawals as soon as you retire, with these options available to you at that time:

Defer decision and leave to earn interest
Convert to annuity and add to Monthly Pension
Withdrawal in Lump Sum
Rollover to IRA

If you defer a decision until sometime after retirement, when you reach age 70½ you will be required to choose one of the following options:

Full Withdrawal without rollover
Rollover to IRA
Elect an annuity set up by PPA to supplement regular pension

Additionally, if an annuity is selected, you must specify whether you want it paid as a Single Life annuity (no survivorship option), or a 50% or 75% survivorship option. Survivorship options reduce the amount of the monthly payout you will receive, but provide income for your spouse in the event of your death.

 

Comment on Facebook

Leaving mine there.

I t Retired 8 months ago. It comes in my pension every month..til it runs out

John Gould, if it's in an annuity, it lasts the rest of your life and if you have a survivorship option, a portion of it will last through your spouse's life.

I can't believe how many ppl I mentionred this to who knew nothing anout it. Glad you posted it. One friend had $16,000 she knew nothing about.

Actually, there are 2 additional separate funds from your pension. There's a VPF (Voluntary Pension Fund) and a PPF (Personal Pension Fund). The VPF is setup by employee and employee can have a set amount placed in the fund every pay period. The PPF is a fund for higher earners who once they reach a certain amount of salary per year automatically start having a portion of salary placed into the account. Bought funds are for the employee and some people do forget they have these accounts.

Is there an easy way to see if you have this?

is this also the pre 89 money ?if so i was told that it would be distributed to us on our pension checks automatically.

is the sso down for updates?? cant get in.

If you’re looking for the vpp or the other one. Pre-89 money, you have to call. It won’t show up on the retirees website. I need to call for the pre-80 money

I will have to call also. Forgot all about this 😳. Thx for the reminder. Do we call GE benefits?

I took mine out at 70 1/2. Rather than rolling it into an annuity.

We just used part of ours to pay cash for our newest addition !

Could someone help me out a bit. A have a grandfather that worked at GE 35 years. Retired in 89. I feel like there is stuff his wife may be missing and I’m trying to find it. She didn’t even think he had GE life insurance and after 2 months of faxing POAs etc they BOTH have life insurance. I found this on the benefits.GE.com Er site. He is in hospice care now and it’s only a matter of time before he is gone. I’m trying to get all this in order so she doesn’t have to because she won’t and doesn’t know what’s what Does she lose his pension? All the website and his letter say are it’s a “liftetime” pension annuity? I keep getting conflicting stories from GE. Some tell me he was on the 5 year guaranteed pension plan which means after 60 months she doesn’t get anything when he passes. But I don’t know where his elections would be and why the website would say lifetime annuity AND have her as a beneficiary if she didn’t get it after he passes. Anywhere else I need to look for stuff? His old taxes used to have all these annuity dividends from USB Finance and they just disappeared off when he started mentally getting ill. Any help is appreciated. It took me 2 months JUST to get them to talk to me even though I am POA and executor when he passes. But I’ve been told the website is useless in finding benefit information? Just wanting to protect my grandma now and get her everything my grandpa worked hard for to leave to her. Im so lost besides the life insurance. Thanks in advanced

+ View previous comments

3 weeks ago

Melody M Jackson

This from another retiree. Please check your pension check for feb 1:

"Fellow GE retirees. Check out your February pension checks. I got a 100 plus dollar raise due to Trump’s tax cut. First time my net earnings number has changed since I retired. Every little bit helps."
... See MoreSee Less

 

Comment on Facebook

I got a raise, too!!!!

As did I!

I have wasted an hour or more trying to get into the GE Benefits website -- it rejects my password, rejects the answers to my security questions (which are correct, and I'm sure is what I put in originally.) Are these answers case sensitive, or what is my problem? HOW DO YOU TALK TO A PERSON THERE? The telephone is a circuitous loop of the same questions.

I wonder how many deductions we will lose on the federal and state level at the end of the year.

I received my tax forms in the mail yesterday! Thank GE!!

CT

1099 came in the mail today. But I have an ongoing problem with my Fed & St tax again, now, there's a problem on my Feb pension!! I have to make another call to benefits, I want to vomit! Something is terribly wrong!!!

I am getting a "raise," too, because the Federal deduction in February is less than January. And, I don't care where it came from, just happy to have a little more.

I’ll have to check mine later

How do you check Feb. pension early

It almost made up for the increase in Vison and Dental - I'm still $2 short from 2017 :)

I got an extra $150 a month starting next month

Don't get too excited. Less withholding doesn't mean less taxes.

Some parts end sooner. Eg: health deductions.

I got a raise of $250 because I moved to Fla. and there’s no state income tax!! But, I lose my supplement in two months. Can’t ever win...

Dana Kay Agent

It's not really a "raise". It is an increase in your net take home because of the change in withholding. Your gross payment is the same. It is possible you will still have to pay in to the IRS when filing if you are not claiming the proper amount on you W4 withholding.

I am trying to find out if this is a one time increase or monthly. Anybody know ?

It is a deduction change on taxes and should be similar from here out til next tax changes.

I got $14.00

How do you get a Feb check in Jan? Mine comes the 1st or the 3rd just curious?

I got Zero

My gross pension is the same, net is up about 114 bucks. That is the change in withholding not an increase in pension.

But the W4 calculator is not available yet

you might have to pay in at the end of the year

+ View previous comments

3 weeks ago

John Phelps

IMPORTANT---Membership Participation Survey (163 Responses-- so far!)

Go here--> www.surveymonkey.com/r/SX3N2BB

ONLY 7 Days Left to GET IT DONE!

Do it Today! PLEASE Post, Share, Email this Survey to Every Retiree/Dependent you know; on your pages; other Facebook pages. We would like to see 500 Responses!

We need to get a GOOD RESPONSE to this Survey previous to our General Membership Meetings--February 22nd, 2018, at 11:00 AM & 6:00 PM, of ALL GE Retirees/Dependents.

PLEASE take the 5-10 minutes it will take to complete this Survey.
... See MoreSee Less

IMPORTANT---Membership Participation Survey (163 Responses-- so far!)

Go here--> https://www.surveymonkey.com/r/SX3N2BB

ONLY 7 Days Left to GET IT DONE!

Do it Today!  PLEASE Post, Share, Email this Survey to Every Retiree/Dependent you know; on your pages; other Facebook pages.  We would like to see 500 Responses!

We need to get a GOOD RESPONSE to this Survey previous to our General Membership Meetings--February 22nd, 2018, at 11:00 AM & 6:00 PM, of ALL GE Retirees/Dependents.

PLEASE take the 5-10 minutes it will take to complete this Survey.

 

Comment on Facebook

PLEASE take the 5-10 minutes it will take to complete this Survey

Post, Share, Email this to every Retiree/Dependent you know; put on other Facebook pages. Thank You!

Took me about 2 minutes

Done & shared

Done

Done

Done

done

Thanks you all...keep promoting...let's get a GREAT response!

Done.

Done

done

Glitch at end: could not select am vs. pm ..... asking for valid date. 😏

Done

Done

Done

Done and shared!

Done and shared

Seem to be STALLED at 125 responses???

John Phelps you think maybe you should EDIT your post and tell people not to worry about putting in the date/time etc at the end of the survey??

150 Responses so far...this is way short of 500 Responses we hoped for?? It seems Posts like this get few responses...it's really hard to understand. What is it--Retirees don't want to commit? Are you afraid you be asked to get involved? Are you going to make the General Membership meeting when we have it? We have worked hard to give you a voice (representation), benefits solutions and benefits advocacy; it is just hard to understand this complacency and apathy?? We have some tough decisions coming up--about the future of RAGEHCC. Whether to continue fas a FORMAL organization. We CAN'T do it FORMALLY without Membership support and financial support---it is unsustainable--UNLESS our Retirees & Dependents step up! We are trying hard to engage you and motivate you..but posts like this tell us either you don't care, or you've given up; and that Folk's is very sad!

Done

Sad that people don't take the time to fill out the survey.

but they will take the time when they need help.

Here is what the Emailed Newsletter, sent via our RAGEHCC Email Distribution List (1200 emails sent) looks like--Click on it--below-- to make it larger.

+ View previous comments

4 days ago

John Phelps

Some would probably say why did you post this? Because-- We CARE about our Retirees & their Dependents-- ... See MoreSee Less

Some would probably say why did you post this?  Because-- We CARE about our Retirees & their Dependents--

 

Comment on Facebook

Nice touch!! Happy Valentine's day everyone!

Happy Valentine's day to all!

Happy Valentine's Day!

Happy Valentines Day!

Thank you John. I am glad you posted it. Happy Valentine’s Day to all also.

Happy Valentine's day to you and staff

Happy Valentines Day!

Happy Valentines Day!

Happy Valentines Day

Happy Valentine's Day to all!

Same to you

+ View previous comments

4 weeks ago

David P Mcintosh

Members of the group who plan on itemizing deductions and have enough medical expenses to claim as a deduction need to make a note of the following:

Health insurance premiums are still deductible to the extent that the IRS allows. But keep this very important fact in mind: If you are receiving RRA reimbursements to help pay your health insurance premiums, you CANNOT deduct the portion of your total premiums that are reimbursed by the RRA.

For example: If your total health insurance premiums total $3,000, you must subtract $1,000 that you received as RRA payments, thus decreasing the deductible portion of your premium to $2,000.

Filers who take the standard deduction (i.e. do not itemize) do not have to be concerned with this limitation.
... See MoreSee Less

Members of the group who plan on itemizing deductions and have enough medical expenses to claim as a deduction need to make a note of the following:

Health insurance premiums are still deductible to the extent that the IRS allows. But keep this very important fact in mind: If you are receiving RRA reimbursements to help pay your health insurance premiums, you CANNOT deduct the portion of your total premiums that are reimbursed by the RRA.

For example: If your total health insurance premiums total $3,000, you must subtract $1,000 that you received as RRA payments, thus decreasing the deductible portion of your premium to $2,000.

Filers who take the standard deduction (i.e. do not itemize) do not have to be concerned with this limitation.

 

Comment on Facebook

Thank you David P Mcintosh!

You are quite welcome, Melody.

Thank you Dave--for this posting and the help you provide our Members/Participants!!

Thanks for the information.

And if you have an HSA, and medical costs you pay through your HSA are not allowed as a medical deduction either.

If anyone's costs drive them to 10% on prescriptions or donut hole please contact me for a source to cut that to $50/mth no matter how many prescriptions. Rxhelpcentersragehcc.com. No charge until you accept their answer. I use them also!

Geneta Griffin

If a person has an advantage plan make sure you can use this. We heard ours will not let you have two insurances. I am calling them tomorrow to find out.

+ View previous comments