National Security & Retirement Program (NSRP)

Retirement plans are complicated benefits that include many rules and regulations. For more detailed information please review your National Security & Retirement Program, Summary Plan Description (SPD). However, the links below give you highlights about the National Security & Retirement Program without being an official plan document. If you have any questions or concerns, please contact your on-site Prudent advisor.

Overview:

  • NSRP is an alternative to the federal Social Security program.
  • Employees may participate in either NSRP or Social Security while employed at Tri-City, but not both.
  • Deciding whether or not to participate in NSRP is a personal decision and neither Tri-City nor Prudent can advise participants on what is best for them or their family.
  • Please visit www.ssa.gov for additional information regarding Social Security benefits.
  • Benefited and Non-Benefited employees are eligible to participate in NSRP.
  • An enrollment form must be completed on or before the 90th day of employment or during Open Enrollment.
  • Participation begins on the first calendar day of the month after the 90th day of employment OR, if enrolling during Open Enrollment, on Jan 1st of the next plan year.

Annual Open Enrollment:

  • A participant may also elect to enroll or dis-enroll in NSRP during the annual Open Enrollment period.
  • After an initial enrollment in NSRP, a participant is permitted 2 additional elections to either dis-enroll or re-enroll, but only during the Open Enrollment period. The third election will be irrevocable.