RTC Information
Required minimum distribution age rises to 73 in 2023
The SECURE Act 2.0 has raised to 73 the age at which individuals must begin taking required minimum distributions (RMDs) from their retirement account, beginning in January 2023.
Judge rules on GHI Senior Care copays
Manhattan Supreme Court Justice Lyle Frank on Jan. 11 issued a preliminary injunction against the city, EmblemHealth and GHI that temporarily bars them from charging any of the copayments in the GHI Senior Care plan that went into effect on Jan. 1, 2022.
1099 forms will be available soon
TRS issues 1099 forms each January to individuals who received distributions from TRS in the previous year.
Required minimum distribution starting age rises to 73 in 2023
As of January 2023, the SECURE 2.0 Act has increased the required minimum distribution age to 73.
Judge rules on GHI Senior Care copays
Manhattan Supreme Court Justice Lyle Frank on Jan. 11 issued a preliminary injunction against the city, EmblemHealth and GHI that temporarily bars them from charging any of the copayments in the GHI Senior Care plan that went into effect on Jan. 1, 2022.
Medicare Part B premium to decrease
Medicare Part B premiums and the annual deductible will be reduced in 2023 for the first time in 11 years, the Biden administration has announced. A 3% reduction in the premiums will reduce the monthly payments by $5.20, from $170.10 to $164.90.