Understanding RMDs

If you meet certain criteria, you may be required by federal law to take a Required Minimum Distribution (RMD) from tax-deferred retirement savings plans each year. Your RMD is determined by dividing your account balance as of December 31 the previous year by your life expectancy factor. Beneficiary and Alternate Payee accounts have different rules; call us at 801-366-7720 for details.

URS 401(k) and 457(b)

An annual RMD is required for each account if you’re age 73 or older and no longer working for a URS participating employer. Each year we monitor members' accounts to make sure they meet RMD requirements. We'll automatically calculate your RMD and send it to you each fall, combined with your retirement benefit. If you prefer, we can also send it to you at any other time, monthly, quarterly, or semiannually. Log in to myURS to access the applicable withdrawal form or call us at 801-366-7720 to request a form. RMDs must be calculated and taken individually from each account. If you have other, non-URS retirement savings plans, you may have to make arrangements with the other plan sponsors to start receiving your RMD. For more details and examples, see the 401(k) Savings Plan Summary Plan Description or 457(b) Savings Plan Summary Description.

Traditional IRA

An annual RMD is required if you’re age 73 or older, regardless of employment status. If you have more than one IRA, you can withdraw the total amount from just one account or any combination of accounts. This can include URS and non-URS accounts. Log in to myURS to access the applicable withdrawal form or call us at 801-366-7720 to request a form. For more details and examples, see the Roth and Traditional IRA Guidebook.

Roth IRA

Not subject to RMD while you are alive.

Beneficiary and Alternate Payee Accounts

Rules are complex for these types of accounts. Call us at 801-366-7720 for details and the applicable form.

Learn More About RMD

» See IRS Q&A on Required Minimum Distributions

» Call URS at 801-366-7720