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This is a status report update on the Lucent Medical Settlement as of January 6, 2012:
On Friday, January 6, 2012, the attorneys for the retirees filed a Second Status Report Re: Settlement Distribution to update the Court on the progress of the settlement distribution and the investigation of the 450 households where eligibility has not yet been finally determined.
As detailed in the Report, as of January 4, 2012, class members have cashed a total of 43,979 settlement checks, representing 82.9% of the checks issued and 85.3% of the funds distributed. The Report provides additional information about the steps being taken for the remaining checks and about the ongoing investigation of the remaining 450 households.
You can review the Second Status Report by clicking on this link.
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 next meeting will be in Kansas City, Missouri in June 2012. Contact Wayne Gramling
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 of Western Electric / AT&T / Teletype / AT&T Computer Systems / Lucent Technologies / NCR / and Alcatel-Lucent / Bell Laboratories. They held their annual reunion at Four Lakes Lodge, Lisle, IL on December 16th. Photos available. Contact Jim Simak.
THE LUCENT RETIREES ORGANIZATION (LRO)
was chartered in January 2003 in the state of New York. Its purpose is to address the interests of 127,000 individuals under the Lucent pension plan that embodies all Lucent and Bell Labs retirees, including those who retired when the company was known as Western Electric and/or AT&T Network Systems, plus subsidiaries such as Teletype and Sandia.
The LRO was formed to leverage members' Lucent stock ownership power, their long-standing and influential relationships not only with Lucent but with Lucent's customers and their influence with lawmakers and regulators. The LRO wants to assist Lucent in returning to its former position as the premier telecommunications leader in the world.
The organization endeavors to safeguard the pensions and benefits that Lucent has committed to provide its retirees, spouses and dependents. In addition, the LRO helps its members and their families with issues relating to their pensions, benefits, Social Security, Medicare and other aspects that impact their quality of life.
We currently have over 12,000 members. LRO membership is open to current retirees with a Lucent pension, a person vested for a Lucent pension, or the spouse of any such retiree or vested person. The LRO is incorporated as a non-profit organization. 'JOIN US' to become an LRO member.
