Support
Find answers to common member and employer questions.
FAQ
It depends on how you receive your monthly payments and if we receive your forms timely. Monthly payment by direct deposit: No. Pension payments made by direct deposit are expected to continue on their normal monthly schedule. Monthly payments by check: Possibly. Retirees currently receiving paper checks are required to enroll in direct deposit. To […]
FAQ
There will be a slight change when the 1st of the benefit month falls on a weekend or holiday: the IKORCC Fund issues payments on the 1st of the benefit month or prior business day, and the MACRC Fund issues payments on the 1st of the benefit month or next business day.
FAQ
Retirements beginning before July 1, 2026 are handled by the IKORCC Fund. Retirements on or after July 1, 2026 are handled by the MACRC Fund. Any retirement applications received by the IKORCC Fund after May 22, 2026 will be shared with the MACRC Fund to commence retirement payments after July 1, 2026. Please note that […]
FAQ
It depends on when the service was earned: Before July 1, 2026: Your benefits are generally governed by the IKORCC Plan, or a prior IKORCC pre-merger plan if applicable. On or After July 1, 2026: Your benefits are governed by the MACRC Plan.
FAQ
No. Both plans use the same Normal Retirement age of 65, or the 5th anniversary of becoming a participant if later. Early retirement rules differ depending on which benefit is being paid.
FAQ
The MACRC Fund will be sending a detailed informational mailing describing plan differences in May 2026, followed by mailing of the Summary Plan Description after July 1, 2026.
FAQ
Yes. After July 1, the MACRC Fund’s plan rules apply. A formal IRC Section 204(h) notice and detailed informational mailing describing plan differences will be distributed by MACRC in May 2026. The MACRC Pension Summary Plan Description will be mailed later this summer.
FAQ
No. This merger does not reduce or decrease the vested benefit of any participant in the IKORCC Fund accrued through June 30, 2026.
FAQ
Questions about payments, service, or benefits before July 1, 2026:IKORCC Fund Benefit Office: Call (800) 700-6756 Questions about payments, service, or benefits after July 1, 2026:MACRC Fund Benefit Office: Additional contact details will be provided in mailings from the MACRC Pension Fund in May 2026.