Required Minimum Distributions (RMDs)

Individuals can maintain their retirement savings in a tax-advantaged retirement plan or account, such as The Episcopal Church Lay Employees’ Defined Contribution Retirement Plan (Lay DC Plan), until they attain a certain age, when they must begin to receive required minimum distributions (RMDs).

If you participate in the RSVP, the amount of your RMD will be based on your total account balance(s) (although, beginning January 12, 2024, any Roth account balance will be excluded). Fidelity Investments, the recordkeeper of the RSVP, will contact you when you must begin to receive RMDs.

You can always choose to take more than the RMD amount, and you could consider reinvesting RMDs in annuities or other savings vehicles as a way to make your savings go further.¹ Please consult with your tax or financial advisor before doing so.

For more information about RMDs, please see the RSVP & Lay DC Plan Employee Guide.

¹ You cannot reinvest RMDs in a tax-advantaged retirement plan or account.