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PENSION
  BUYOUT
      CORNER

In May 2014, Alcatel-Lucent announced its intent to offer a pension buyout to approximately 45,000 retirees and related beneficiaries in the U.S. management pension plan. In this column, the LRO will keep you up to date on what we know about the recent A-L announcement.





Information About Lump Sum Offer
(April 26, 2015)

As you know, Alcatel-Lucent (ALU) may offer a lump-sum program to certain Alcatel-Lucent Retirement Income Plan (ALRIP) and the Lucent Technologies Inc. Pension Plan (LTPP) participants during 2015. In preparation, ALU began sending a letter to targeted individuals on Friday April 24, 2015. The recipients who have been identified as being potentially eligible for the lump-sum program have been asked to review their information that is on file with Alcatel-Lucent Benefit Center (ALBC).

Following is a sample of the letter that has been sent (along with a personalized data notification statement) to the Retiree Lump Sum Window Program anticipated population.( See the letter following for an explanation of those eligible.)

“Alcatel-Lucent USA Inc. (The Company may amend the ALRIP and the LTPP (each referred to as the “Plan”) to give eligible individuals- generally referred to as former employees and retirees who commenced receiving their pension benefit on or after March 1, 1990 and before January 1, 2014 (or January 1, 2012 depending on type of pension), their surviving spouses and beneficiaries- the opportunity to convert their current monthly pension payment either to a lump sum payment or change their current annuity option to a new annuity option.
If the Company decides to amend the plans, the program will be known as the Alcatel-Lucent Retiree Lump Sum Window Program (The “Program”). To determine whether you are eligible for the program, we need for you to review the information the Plan has on file to insure it is correct and accurate.
If the Company decides to move forward with the Program, you will receive more information in July.
Note: Whether you are eligible for the Program will be determined after the necessary Plan amendments are adopted and any data updates are processed. If you fail to correct or update the Plan’s information, you may not be eligible for the Program and/or you may be provided with inaccurate information about your options under the program.”
The above letter serves two purposes. First, it notifies the recipient that the Company may amend the ALRIP and LTPP in order to offer this opportunity. Second, along with the personalized data notification statements, it provides an overview of personal data. It requests they review the information and notify the ALBC of any inaccuracies that could make the potential lump sum process much easier later.

Following are comments from the LRO:

  1. The use of underlining and bold print have been added by the LRO to call your attention to specific items.
  2. You should notice the use of words that indicate there are no finalized decisions at this time (Underlined Words)
  3. ALU announced that they expected to complete the mailing on April 27. Please do not contact us for ten days if you did not receive a letter but believe you are one of the eligible individuals.
  4. If you receive a letter your first point of contact should be the ALBC. Throughout this process the LRO will try to assist its members whenever they have difficulty with the process.
  5. Although the Company’s letter is specific to only the potential lump sum offer, your updated personalized data would also be critical for any subsequent potential transfer of your current annuity to a third party such as an insurance company.

SPECIAL NOTICES TO MEMBERS

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RETIREE DISCOUNTS

DISNEY AND MORE...Retirees can use the discounts for a myriad of entertainment opportunities that are available to active A-L employees. Just go to Tickets at Work, the website is www.ticketsatwork.com, and enter company code ALCATEL (all in caps). You can also contact them by phone at 1-800-331-6483.

ALU HERTZ CAR RENTAL DISCOUNT... Alcatel-Lucent advises the LRO that retirees are eligible to use the A-L HERTZ Car Rental discount. Below, is the link that can be used and it will provide the access code to make reservations. However, note that the insurances are not included for personal travel. When renting a car from Hertz, just identify yourself as an A-L retiree. https://offer.hertz.com/offers/index.jsp?targetPage=Hertz_Getaway_Alcatel_Lucent.xml

ADDED BENEFITS...As an Alcatel-Lucent retiree, you are eligible to take advantage of group savings and discounts through the Added Benefits Program.


WEBSITE FEATURES

Video presentations from the New Jersey meetings

If you couldn't get to the October meetings, you can see the presentations here.

Intsroductions & Agenda - Joe Dombrosky
Grassroots support - Bob Martina
Healthcare and Lucent benefits - Ron Hoth
Pensions and the coming buyout - Frank Minter and Al Duscher
Q & A - Frank Minter and Al Duscher


THE HISTORY CORNER

Read all about the Eastland disaster at the History Corner under the Hawthorne Works tab.

History Corner pieces in our recent newsletters (THE LRO CONNECTION) can be accessed at any time by clicking on the HISTORY CORNER tab on the navigation bar.. We plan to continue with additional pieces on WECO, BTL, and TELETYPE and persons of note. If you have historical information, send to Gary Reichow at greichow@hotmail.com.


Information on the Passing of Retirees

Under the "In Memoriam" tab located at the top of this page, the LRO lists the submitted names of recently deceased individuals and, where possible, provides a linkage to an official obituary. Information required and the form to list an individual are contained on the "In Memoriam" page. We encouragefamily members and friends to take advantage of this service.


Adobe Reader® is required to view some documents. Please download it here.  



REQUEST TO LRO MEMBERS

We can assist the Benefit Center if we wait a few days before asking for assistance. They handled over 5000 calls yesterday and are working to improve their availability.

In the meanwhile, please understand that if you are asked to provide copies of documents such as your marriage certificate, that is because they were unable to find all of the necessary documentation to confirm all of the information needed for this potential program. The only people being asked for marriage certificates are those where the benefit records are incomplete.

Retirees should fax the requested documents using the cover letter they received as a cover letter since that has their name and address on it. The fax number is also in the data notification materials.

Retirees should not return another cover letter than first page of the Data Notification mailing. That page is bar coded and helps to track the faxes properly.

As we receive additional information from ALU we will post it for you.


ANNUAL FUNDING NOTICE (AFN)

In a few days you will be receiving the AFN which reports the status of the funding of our management pension plan. You will observe that our plan is well funded and protected by PBGC guarantees, and you should have no concern about the safety of your pension. As you review his year’s report there are several items to which we should like to call your attention.

They are:

  1. On Page 1 you will find the Funding Target Attainment Percentage (FTAP). This is an actuarial determination on January first of each year presented. It is also the calculation that determines whether a plan sponsor must put more funds into the plan. We caution you that the 1/1/14 amount of 127.3 % funding for our plan for the year 2014 is likely at a temporary high level. This resulted from the Congress allowing companies to use an average of interest rates for the past 25 years when interest rates were higher rather than the most recent two years where those rates were lower. That had the effect of substantially reducing plan liabilities and artificially increasing the funding level. ALU has specified on page 2 of the AFN that the funding % was increased by 23% in 2014 because of these congressional actions. Therefore, the 2014 funding level without these artificial congressional actions is 104%. Similarly, the 2013 and 2012 funding levels would have been 104% and 102%, respectively.
  2. On Page 2, you will find the disclosure of plan assets and plan liabilities at 12/31/14 on a fair market value basis and you can calculate the funding level as 110.8%, again very good.
  3. Also on Page 2 notice that on 1/1/14 there were 86,859 retired former employees and their dependents. Not shown, but in that group, are 32,000 retirees and dependents that retired before 3/1/90 and are not in the announced group to be offered the lump sum. That would leave about 55,000 eligible for the offer and ALU has announced they would make an offer to 45,000.
  4. The Society of Actuaries has released new mortality tables which show increased life expectancy. These new tables will most likely be used in the 2016 AFN calculations. ALU has already recorded the effect of the new tables on pension liabilities in their financial records as of 12/31/14. As a result of calculating the liability with the new mortality rates, the funding level in ALU’s financial records is 96% as compared to the 110.8% in item #2 above. We expect they will use the old tables in calculating the lump sum payments, which will do two things:
    • First, the amount of the lump sum offered will be lower if the old mortality is used (perhaps by about 10%).
    • Second, ALU will probably reduce the liabilities on their financial records by the amounts from the new mortality tables, thus increasing the current funding level of 96% in their financial records.
  5. If Alcatel Lucent decides to sell the pension plan, the buying party would require that the assets transferred be greater than the liability transferred. As the funding level of our pension plan increases, the possibility of selling our pension plan to an insurance company increases. The insurance company would then administer the plan and make pension payments just as ALU does now. The only possible negative impact on retirees would occur only if that insurance company became bankrupt and could not make payments. In that situation retirees lose the protection of the PBGC when pension plans are sold to an outside entity.
  6. On page 3 you will observe that ALU has 22.7% of the assets in our plan invested in “Other”. In their financial statements they reported that they had moved into higher cash levels, now at about $ 4 billion or about 13% of the total assets.

Let us hear from you if you have questions.


LRO ANNOUNCES MEETING WITH MEMBERS IN ANDOVER, MASS.

You are invited to attend an LRO conference on Tuesday, May 12th, or Wednesday, May 13th at the Andover Country Club in Andover, Mass. regarding the following issues:

  • Current state of the offered Health Care Programs,
  • Current funding levels of the Pension Program,
  • Review of Lump Sum Buyouts and Alcatel Lucent’s recent announcement of their intention to offer a lump sum buyout in 2015,
  • The LRO’s advocacy role in pushing for congressional actions.

Of course, the conference will also provide an opportunity to meet with the LRO leadership team and not only hear about the foregoing topics, but to directly question the LRO leaders and voice your concerns.

     

A future meeting will take place in Chicago in June.


banner

The LRO Connecton spring newsletter is now available

Read the newsletter for updates on pensions, the ALU announced buyout, healthcare and legislative issues. The History Corner article features the Reading Works.


MEDIA NEWS FOR RETIREES

Tax takes toll on middle-income Social Security recipients
By Scott Burns, Dallas Morning News – May 2, 2015

Be wary of pension advance offerings
By Pamela Yep, Dallas Morning News – May 3, 2015

Tompor: Medical alert scammers bully seniors
By Susan Tompor; USA TODAY ~ May 02, 2015

Push to boost medical research gains traction
By Peter Sullivan & Sarah Ferris; The Hill ~ May 02, 2015

Obamacare Risk Fund May Pay Just 10% of Insurer Claims, S&P Says
By Zachary Tracer; Bloomberg ~ May 01, 2015

Nearly half of Obamacare exchanges are struggling over their future
By Lena H. Sun & Niraj Chokshi; The Washington Post ~ May 01, 2015

Your Mortgage In Retirement: Is It Wise To NOT Pay It Off?
From Nancy Anderson; Forbes ~ Apr 30, 2015

IG: IRS takes significant steps to stop tea party targeting
By Stephen Ohlemacher, AP; Cybercast News Service ~ April 30, 2015

GOP warms to Obamacare
By Sarah Wheaton; Politico ~ Apr 30, 2015

For seniors on Medicare, choosing a healthcare plan is no easy task
From Maria Hamm De Miguel, MD & Tal Gross; The Hill ~ Apr 30, 2015

New rules will protect retirement funds from risky alternative investments
From Eileen Appelbaum; The Hill ~ Apr 30, 2015

The theft of Social Security?
By Constantine N. Katsoris; The Hill ~ Apr 30, 2015

Nokia's Suri Defends AlcaLu Deal Against Critics
By Iain Morris; Light Reading ~ Apr 30, 2015

Key Alcatel-Lucent shareholder calls Nokia deal 'unacceptable'
By Karen Friar; MarketWatch ~ Apr 30, 2015

Nokia's network profits drop, raise concerns over Alcatel deal
Reuters – April 30, 2015

Two-thirds Of Obamacare Subsidy Recipients Had To Repay IRS
By Rachel Stoltzfoos; The Daily Caller ~ Apr 29, 2015

Shed sunshine on ObamaCare's subsidies for Congress
From Robert E. Moffit; The Hill ~ Apr 29, 2015

Oi picks Alcatel-Lucent for data transmission network change
Telecompaper ~ Apr 29, 2015

Oi picks Alcatel-Lucent for data transmission network change
Telecompaper ~ Apr 29, 2015

Long-term care is likely reality; planning can spare finances, heartache
The Prescott Daily Courier - Prescott, Arizona~ Apr 29,2015

Alcatel-Lucent and Algerian Ministry of Post, Information Technology and Communications to build Orval undersea cable system
Alcatel-Lucent Press Office

[Verizon Press Release] Verizon Announces Software Defined Networking Strategy
Alcatel-Lucent Press Office

Senators warn Medicare appeals system 'buckling under its own weight'
By Sarah Ferris; The Hill ~ Apr 28, 2015

House conservatives finalizing new O-Care replacement plan
By Sarah Ferris; The Hill ~ Apr 28, 2015

FEDERAL GOVERNMENT WILL RE-CALCULATE ACA SUBSIDIES FOR AUTOMATIC RENEWALS FOR 2016
By Sara Hansard; Bloomberg BNA ~ Apr 27, 2015

Supreme Court tosses ruling in favor of ObamaCare mandate
By Sarah Ferris; The Hill ~ Apr 27, 2015

Democrats take aim at ObamaCare 'Cadillac' tax
By Sarah Ferris; The Hill ~ Apr 27, 2015

A Small But Important Change in Retirement Savings Rules
From Howard Gleckman; Forbes ~ Apr 27, 2015

Signing up late for Medicare Part B can trigger a lifelong penalty
By Lisa Zamosky; Los Angeles Times ~ Apr 26, 2015

Medicare-Provider Penalties, Incentives Detailed in Report
By Melinda Beck; The Wall Street Journal ~ Apr 26, 2015

How One Woman Is Working To Transform The Healthcare System From Within
From Greg Satell; Forbes ~ Apr 26, 2015

Obamacare Leaves Behind Millions Of Lower Income Workers
From Connor D. Wolf ; The Daily Caller ~ Apr 25, 2015

ObamaCare penalty could be too low, analysis finds
By Peter Sullivan; The Hill ~ Apr 24, 2015

Did The GOP Just Surrender On ObamaCare?
Investor’s Business Daily ~ Apr 24, 2015

Thousands May Have Been Shorted On Insurance Subsidies After Calculation Error
By Michelle Andrews; Kaiser Health News ~ Apr 24, 2015

Angry Over Drug Prices, More States Push Bills for Pharma to Disclose Costs
By Ed Silverman; The Wall Street Journal ~ Apr 24, 2015

Senate Democrats Push Back on Obama Plan to Tighten Broker Rules
By Dave Michaels; Bloomberg ~ Apr 24, 2015

Bell Labs Continues to Change Our World
By Matt Brunk; No Jitter ~ Apr 24, 2015

Kicking the can on Social Security
By Brenton Smity, The Hill – April 24, 2015

GAO: Healthcare.gov Has Multiple Cyber ‘Incidents’
From KHN Morning Briefing; Kaiser Health News ~ Apr 23, 2015

Senators fret about Social Security cuts to cover student loan debt
By Peter Schroeder; The Hill ~ Apr 23, 2015

AlcaLu boss to go without 2.4 mn euro 'golden parachute' after Nokia takeover
From AFP; ETTelecom ~ Apr 23, 2015

Hello? 8M phone calls unanswered as IRS cut taxpayer service
By Stephen Ohlemacher; The Associated Press ~ Apr 22, 2015

House report: Cash-strapped IRS prioritized bonuses, union activity over helping taxpayers
Fox News ~ Apr 22, 2015

Bill to repeal health insurance tax gains steam in House
By Sarah Ferris; The Hill ~ Apr 22, 2015

Health law brings growth in food stamps in some states
By Carla K. Johnson & David Mercer; The Associated Press ~ Apr 22, 2015

Five Years Later: Obamacare’s Dim Prospects
By Robert Moffit PhD; Medpage Today ~ Apr 22, 2015

Healthcare groups object to Medicare cuts in trade bill
By Peter Sullivan; The Hill ~ Apr 21, 2015

U.S. retirement confidence soars despite grim realities
By Mark Miller; Reuters ~ Apr 21, 2015

Social Security proposals go the wrong way: Our view
The Editorial Board; USA TODAY ~ Apr 20, 2015

ObamaCare court fight escalates
By Peter Sullivan; The Hill ~ Apr 20, 2015

Seeking Obamacare alternative, U.S. Republicans eye tax credits
By Susan Cornwell; Reuters ~ Apr 20, 2015

Social Security number removed from Medicare cards
By Andrew V. Pestano; United Press International ~ Apr 20, 2015

Alcatel-Lucent launches ONT with gigabit Wi-Fi, improved service activation
By “Lightwave Staff”; Lightwave ~ Apr 20, 2015

Why Nokia’s Blockbuster Merger Turned Into Such a Mess
By Kevin Kelleher; TIME ~ Apr 20, 2015

GOP divided on Medicare overhaul
By Rebecca Shabad; The Hill ~ Apr 19, 2015

The ObamaCare Effect: Hospital Monopolies
By Marty Makary; The Wall Street Journal ~ Apr 19, 2015

GOP presidential contenders talk entitlement reform
By Eric Bradner; CNN ~ Apr 18, 2015

Jorg Erlemeier to Lead Nokia and Alcatel-Lucent Integration
By TA Staff; TeleAnalysis ~ Apr 18, 2015

GOP Senator Explains GOP's Biggest Fear If Obamacare Goes Down In Court
By Sahil Kapur; Talking Points Memo ~ Apr 17, 2015

Obama signs $200 billion 'doc fix' bill
By Jordan Fabian; The Hill ~ Apr 16, 2015

Higher Interest Rates Will Finally Reward Savers
By Dunstan Prial; Fox Business ~ Apr 16, 2015

Abnormal 2014 For Corporate Pensions
By Timothy W. Martin; The Wall Street Journal ~ Apr 16, 2015

U.S. pensioners risk overestimating Social Security benefits
By Mark Miller; Reuters ~ Apr 16, 2015

Deal Reached on Fast-Track Authority for Obama on Trade Pact
By Jonathan Weisman, New York Times – April 16, 2015

Driverless Cars, Robot Surgeons Drive Nokia-Alcatel Merger
By Matthew Campbell, Adam Ewing & Marie Mawad; Bloomberg ~ Apr 16, 2015

Nokia Corporation (ADR) (NYSE:NOK) – Strategy Vs Implementation
By Lisa Ray; Wallstreet Scope ~ Apr 16, 2015

Nokia Deal Risks Uncovered as Moody’s Digs Into Merger Details
By Adam Ewing; Bloomberg ~ Apr 15, 2015

Nokia Leaves Alcatel Name in Dust in Bid for Brand Reboot
By Kati Pohjanpalo; Bloomberg ~ Apr 15, 2015

Nokia Takeover Fulfills Alcatel Chairman’s Vision of Telecom Airbus
By Matthew Campbell, Marie Mawad &Adam Ewing; Bloomberg ~ Apr 16, 2015

Nokia's Alcatel-Lucent purchase may come at a cost - report
By Scharon Harding; Channelnomics ~ Apr 15, 2015

Hollande says Nokia-Alcatel must increase research activities in France
By Elizabeth Pineau; Reuters ~ Apr 15, 2015

Understanding Nokia’s Plan to Buy Alcatel-Lucent
By Matthew Curtin; The Wall Street Journal ~ Apr 15, 2015

Flextronics in talks to buy part of Alcatel-Lucent's China business: sources
By Engen Tham & Adam Jourdan; Reuters ~ Apr 15, 2015

Alcatel-Lucent Invites You to Get on Its Cloud
By Scott M. Fulton III ; CMS Wire ~ Apr 15, 2015

Alcatel-Lucent CEO says rebuffed Nokia's interest in mobile only deal
By Leila Abboud & Gwenaelle Barzic; Reuters ~ Apr 15, 2015

Nokia & Alcatel-Lucent: What's Going On?
By Ray Le Maistre; Light Reading ~ Apr 15, 2015

Nokia to buy Alcatel-Lucent
By Jussi Rosendahl & Leila Abboud; Reuters ~ Apr 15, 2015

Opinion: Where Government Excels
By Paul Krugman, New York Times – Apr 10, 2015

Despite 'doc fix,' some doctors still face cuts
By Sarah Ferris; The Hill ~ Apr 15, 2015

Obama makes new push on middle-class tax proposals
By Darlene Superville; The Associated Press ~ Apr 15, 2015

Hours from deadline, bipartisan Medicare bill heads to White House
By Mike DeBonis, Washington Post – Apr 14, 2015

Senate Approves a Bill on Changes to Medicare
By Robert Pear, New York Times – Apr 14, 2015

Are Medicare and Medicaid Sustainable?
By Kimberly Leonard; US News & World Report ~ Apr 15, 2015

Who comes out better in Nokia-Alcatel deal?
By Sara Sjolin; MarketWatch ~ Apr 14, 2015

Nokia + AlcaLu: What the Analysts Say
By Ray Le Maistre; Light Reading ~ Apr 14, 2015

Statement regarding Nokia/Alcatel-Lucent media speculation
Alcatel-Lucent Press Office

Confirmed: Nokia in Talks to Buy Alcatel Lucent
By Andrew Berg, Wireless Week – April 14, 2015

Obamacare's Cadillac Tax Hits the College Campus
By John S. Rosenberg; The Fiscal Times ~ Apr 14, 2015

Patients' medical records under threat from data breaches
By Lindsey Tanner; The Associated Press ~ Apr 14, 2015

White House threatens veto of Republican estate tax repeal bill
By Emily Stephenson & David Lawder; Reuters ~ Apr 14, 2015

Christie To Propose Big Changes To Social Security, Medicare, Medicaid
By Rachel Stoltzfoos; The Daily Caller ~ Apr 14, 2015

Social Security is in trouble: Their Take
From Chicago Tribune; Orlando Sentinel ~ Apr 14, 2015

U.S. Labor Department unveils retirement brokers rule
By Sarah N. Lynch & Suzanne Barlyn; Reuters ~ Apr 14, 2015

Just One-Third Of Hospitals IT-Ready For Population Health
By Bruce Japsen; Forbes ~ Apr 13, 2015

Corporate Pension Funds Pile Into Bonds
By Vipal Monga & Mike Cherney; Nasdaq ~ Apr 13, 2015

IRS declares victory on ObamaCare as filing season ends
By Bernie Becker; The Hill ~ Apr 12, 2015

5G Evolving Quickly and That May Be a Problem
By Carl Weinschenk; IT Business Edge ~ Apr 13, 2015

Republicans seek new rules for IRS
By Jesse Byrnes; The Hill ~ Apr 11, 2015

New Nokia Equipped to Make a Deal With Alcatel-Lucent
By Tara Lachapelle & Adam Ewing; Bloomberg ~ Apr 13, 2015

It’s time to repeal tax on Social Security benefits
By Scott Burns; The Dallas Morning News ~ Apr 11, 2015

Bell Labs wants to get phones and sensors to play nice on 5G wireless
By John Timmer; Ars Technica ~ Apr 11, 2015

How Alcatel-Lucent Has Quietly Bounced Back
By Investopedia | April 07, 2015

New CMS rule would delay deadline for e-records data
By Sarah Ferris; The Hill ~ Apr 10, 2015

Medicare agency: House bill not quite a 'doc fix'
By Sarah Ferris; The Hill ~ Apr 10, 2015

How Much Americans Really Pay in Taxes
By Ben Steverman; Bloomberg ~ Apr 10, 2015

Obamacare push on last chance in Montana, fading in other states
By Letitia Stein; Reuters ~ Apr 09, 2015

Gallup: Most Americans Still Unhappy With Obamacare
By Brittany M. Hughes; Cybercast News Service ~ Apr 09, 2015

Replacing the Income Tax With a National Sales Tax
By Elizabeth MacDonald; Fox Business ~ Apr 09, 2015

Get Ready for $11 Billion in 'Net Neutrality' Taxes
Investor’s Business Daily ~ Apr 09, 2015

Top Mistakes Seniors Make
By Tom Orecchio, CFA, CFP, ChFC, CLU, AIF; MD ~ Apr 08, 2015

Obama: Healthcare law critics make their 'last gasp' in Supreme Court
By Sarah Ferris; The Hill ~ Apr 08, 2015

Conservatives Push for Fully Paid 'Doc Fix' Deal
By Paul M. Krawzak & Melissa Attias, CQ Staff; Roll Call ~ Apr 08, 2015

Changes Afoot In How Employers Provide Health Coverage For Workers
From KHN Morning Briefing; Kaiser Health News ~ Apr 08, 2015

IRS funding pleas don't 'pass the laugh test,' Republican says
By Bernie Becker; The Hill ~ Apr 08, 2015

Should You File for a Tax Extension?
From Bonnie Lee; Fox Business ~ Apr 07, 2015

Bell Labs Opens New Doors
By R. Colin Johnson; EE Times ~ Apr 08, 2015

Alcatel-Lucent, Accenture Offer Motive CEM for Telefonica
From Zacks Equity Research; Zacks ~ Apr 08, 2015

Bell Labs offers glimpse into the future of the network at New Jersey event honoring rich history of innovation
Alcatel-Lucent Press Office

Cantor: GOP plan for ObamaCare will nix mandates
By Sarah Ferris; The Hill ~ Apr 07, 2015

The Doc Fix Is Small Change Compared To What Will Be Needed To Fix Obamacare
From John C. Goodman; Forbes ~ Apr 07, 2015

Last-minute lobbying threatens $200B Medicare package
By Sarah Ferris; The Hill ~ Apr 07, 2015

When to ditch online tax prep and hire a tax pro
By Daniel Goldstein; MarketWatch ~ Apr 07, 2015

How Alcatel-Lucent Has Quietly Bounced Back
From Dan Caplinger; Investopedia ~ Apr 07, 2015

Accenture and Alcatel-Lucent helping Telefonica enhance experience for consumers in Europe and Latin America
Alcatel-Lucent Press Office

This Is The End For Washington’s Most Frenzied Lobbying Extravaganza
By Dylan Scott; National Journal ~ Apr 06, 2015

U.S. Regulator Says 2016 Payments for Medicare Advantage to Rise
By Caroline Humer, Reuters; The New York Times ~ Apr 06, 2015

The medical system may treat you well, but less so after you reach age 80
By Louise Aronson; The Washington Post ~ Apr 06, 2015

More People Face Risk Of Crippling Medical Bills Under High-Deductible Plans
From KHN Morning Briefing; Kaiser Health News ~ Apr 06, 2015

'Cadillac tax' the next big Obamacare battle
By Brian Faler; Politico ~ Apr 06, 2015

Democrats Rethink Social Security Strategy
By Laura Meckler, Wall Street Journal – Apr 5, 2015

Doc fighting changes to Medicare
By Jennie L. Phipps, Bankrate.com - April 2, 2015

Congress needs to talk to patients, not at them
By Kenneth Thorpe, PhD; The Hill ~ Apr 04, 2015

Medical expenses: Finding your way with a patient navigator
By Matthew Perrone, AP; The Washington Post ~ Apr 02, 2015

IRS deadline extended for ObamaCare customers sent the wrong tax form
By Sarah Ferris; The Hill ~ Apr 03, 2015

Obamacare Pinches the Poor
By Kimberly Pinter, The Weekly Standard – Apr 2

5 Things the Easter Bunny Can Teach Us About Retirement
By Kelly Campbell, U.S. News – Apr 3, 2015

Half of Americans will see their standard of living fall in retirement
By Elizabeth O’Brien, MarketWatch – Apr 2, 2015

Look who's retiring later
By Kelley Holland, CNBC – Apr 3, 2015

Why the Medicare “Doc Fix” Bill Isn’t a Fix for the Rest of Us
By Philip Moeller, Time.Com – April 1, 2015

Senate Has New Deadline to Avoid Doctors' Medicare Cuts
Associated Press – April 1, 2015

Information concerning the availability of all the explanatory documentation to the Shareholders’ Meeting to be held on May 26, 2015
Alcatel-Lucent Press Office

White House scoffs at ObamaCare ‘doomsday prophecies'
By Sarah Ferris; The Hill ~ Apr 02, 2015

White House's New Claim: Obamacare Helps U.S. Economy Grow
by Alex Wayne; Bloomberg ~ Apr 02, 2015

Retirees embrace ways to stay put, age in place
By Nanci Hellmich; USA TODAY ~ Apr 02, 2015

Alcatel-Lucent Revenue Boost Seen From FX Tailwind
By Reinhardt Krause; Investor’s Business Daily ~ Apr 02, 2015

Obama’s claim the Affordable Care Act was a ‘major reason’ in preventing 50,000 patient deaths
By Glenn Kessler; The Washington Post ~ Apr 01, 2015

Is This Why the IRS Is Ignoring Taxpayer Calls?
By Neil Cavuto; Fox Business ~ Apr 01, 2015

How To Stay Relevant In Retirement
By Robert Laura; Forbes ~ Apr 01, 2015


LOCAL RETIREE NEWS

WECO SAGE is a group formed by computer pioneers who worked for Western Electric Company in the 1950s and 1960s installing an Air Defense System for the United States Air Force. The members of this Group have maintained their personal, and in some cases professional, relationships for over 50 years. The Group, whose members once numbered in the hundreds, meet on an annual basis at different locations throughout the country. The 2014 meeting of the WECO-SAGE Alumni Group was held from May 15th through the 18th at the Hampton Inn Historic District in downtown Bradenton, Florida. Contact Ron Trettau.


Club WECO-AT&T-Bell Labs-Lucent Technologies-Teletype-NCR-ALU. This group is intended primarily as a forum to connect (network) and maintain communication between past and/or current members. THE TELECOM REUNION was held on Dec.12. Click here for video of the event. Contact Jim Simak.


eX TELETYPE is for ex-Teletype Employees to keep in touch. Teletype Corp. was located in Skokie, IL and Little Rock, AK. The Spring gathering of Teletype and Lucent people and friends will be on Tuesday, May 12, 2015, starting at 5:00 P. M. As usual it will be at Riggio's Restaurant on the North side of Oakton just  West of Milwaukee Ave. in Niles.

Join us for an evening of fellowship and good food. Pizza is the main menu but other food is also available....Contact John Furno.


lucent5-5 is for Lucent retirees who took the special 5+5 voluntary retirement on July 13, 2001 (or wish they could have!). Its purpose is to keep in touch, to help provide support for working with the Lucent Pension folks, and to talk about Lucent in general. To subscribe, send an email to lucent5-5-subcribe@yahoogroups.com.


PCLUCENTALUM This group was set up to facilitate communication between ex-Lucent employees in Northern California. Send email to pclucentalum@yahoogroups.com