Get the free OBRA Information Guide

This guide provides essential information for part-time, seasonal, or temporary employees of the Commonwealth of Massachusetts who are required to participate in the Massachusetts Deferred Compensation

How to fill out obra information guide

How to fill out OBRA Information Guide

1. Gather necessary personal information including name, address, and contact details.
2. Collect documentation related to employment, such as pay stubs or tax returns.
3. Read through the OBRA Information Guide to understand the required sections.
4. Fill out the personal information section accurately.
5. Provide information related to work history and employment status.
6. Complete any additional sections as instructed, such as health or retirement plans.
7. Review the completed form for accuracy before submission.
8. Submit the OBRA Information Guide to the designated authority or agency.

Who needs OBRA Information Guide?

1. Individuals applying for benefits under the OBRA program.
2. Employees seeking information about retirement and health benefits.
3. Employers who need to prepare documentation for employees.
4. Families of employees who require insights into benefit eligibility.

People Also Ask about

Is obra mandatory in Massachusetts?

OBRA or the Omnibus Budget Reconciliation Act of 1990 is a Massachusetts state mandated employee-funded 457 deferred compensation plan for part-time, seasonal, and/or short-term public employees.

Is obra a 401k?

There is no employer contribution, and unlike a 401(k) or 403(b), the money can be distributed out at the end of any employment termwithout penalty regardless of age. The money can be withdrawn or rolled over into other retirement savings accounts (401(k)s, 403(b)s, other 457 plans, IRAs, etc.)

Can I withdraw from my Obra account?

If your account balance is less than $5,000 when you are eligible to withdraw from your account, you will receive a lump-sum distribution. If your balance is $5,000 or more, you may choose a lump-sum distribution or a periodic payout. You choose the solution that's best for you.

Can you withdraw from an Obra account?

If your account balance is less than $5,000 when you are eligible to withdraw from your account, you will receive a lump-sum distribution. If your balance is $5,000 or more, you may choose a lump-sum distribution or a periodic payout. You choose the solution that's best for you.

For pdfFiller’s FAQs

What is OBRA Information Guide?

The OBRA Information Guide is a document that provides details on the requirements and procedures outlined in the Omnibus Budget Reconciliation Act (OBRA) related to reporting and compliance.

Who is required to file OBRA Information Guide?

Entities that provide certain services and are subject to OBRA regulations are required to file the OBRA Information Guide, including but not limited to healthcare providers and facilities.

How to fill out OBRA Information Guide?

To fill out the OBRA Information Guide, users must accurately complete all required sections, ensuring to provide all necessary information and supporting documentation as specified in the guide.

What is the purpose of OBRA Information Guide?

The purpose of the OBRA Information Guide is to ensure compliance with federal regulations, aid in the proper reporting of relevant data, and facilitate the evaluation of services provided under OBRA.

What information must be reported on OBRA Information Guide?

The OBRA Information Guide requires the reporting of specific data related to services provided, financial information, compliance with regulatory standards, and any other information necessary for proper oversight.