Update from the UU Organizations Retirement Plan

MAY, 2024

Dear Friends,

Good news! At our request, Empower added a housing allowance check box to their RMD (required minimum distribution) form.

As you hopefully already know, retired clergy taking distributions may choose to complete a Housing Allowance Distribution Form, rather than the other Empower withdrawal forms, to have taxes suppressed (not withheld) and to receive a form 1099-R that states “taxable amount not determined.”

What is new this month is this: If you wish to request a housing allowance RMD payment and have Empower calculate the RMD amount, you can now complete the RMD form and select the YES box for housing allowance. Call Empower to complete this over the phone or have them send you the RMD form (833-882- 2023).

You can follow this link to see instructions: Completing the RMD Form for Housing Allowance. Please contact us with questions.

In partnership,
The UUA Retirement Plan Team:

Rev. Richard Nugent, Church Staff Finances Director
Gloria Guldager, Retirement Plan Director
Jackie Toone, Retirement Plan Employer Liaison
Anna Gehres, Retirement Plan Specialist

retirementplan@uua.org, (617) 948-6421