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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.





Report Calls for More Disclosures in Lump Sum Offers

Gaining more disclosure for retirees by pension plan sponsors who offer a lump sum buyout to replace lifetime pension benefits has been an objective of the NRLN. U.S. Representative Sander Levin (MI-09), the Ranking Member on the House Ways and Means Committee, has announced that at his request the Government Accountability Office (GAO) has issued a report that lays out recommendations to ensure that pension plan participants have better information when offered lump sums. The report presents recommendations for the Departments of Labor (DoL) and Treasury, the Pension Benefit Guaranty Corporation (PBGC) and pension plans. Read more about the report and NRLN action here in the President's Forum.


ALU Announcement of Pension Buyout

Feb 6, 2015 Update

          On Feb 6, 2015, LRO leaders met with ALU Human Resource Vice Presidents John Hickey and Julie Liptak to get an update on the previously announced (May 2014) proposed pension buyout of some 45,000 within the management pension plan.

          The LRO participants expressed surprise that, after almost a year following the announcement, all questions still cannot be answered. ALU stated that there is the outside possibility that the offer might not be made; however planning is active and they have prepared contracts for outside help in connection with the offer to handle administrative, legal and participant education matters.  These contracted people will be the contacts for our retirees who receive the offer.

          ALU has not yet decided on how the various retiree groups would be selected. They cannot use age but possibly retirement date could be used. They will use a unisex table, which is required by law.

The lump sum amount offered will be the present value of your current existing annuity. This present value will be calculated using mortality tables and interest rates prescribed by the IRS. In addition to the lump sum amount offered, each retiree will be offered a “new” monthly annuity based on the lump sum amount offered as well as a survivor’s option at either 50% or 75% of the retiree’s new monthly offer. Acceptance  of the offer will require spouse signature and is voluntary. Retirees can choose to not accept any of the offers and retain their current annuity amount.

As  ALU will hire a firm to educate our retirees about the offer, they also may have retiree meetings at various locations. We will try to get dates and locations in advance to assist our members.

Previous lump sum offers by ALU have included continuation of both health care benefits and group life insurance, and the expectation is that practice will continue.

The date of the possible offer is not firm, but ALU still expects any payments to be made during 2015.They also have not decided the length of time a retiree will have to make a decision on the offer. They indicated that it could be from 30 to 90 days. The LRO expressed a view that a minimum of 60 days would be necessary. We would also suggest that documents returned to ALU be sent by registered or certified mail so there can be no doubt about the timeliness of the acceptance.

The LRO wants to provide as much information as possible to those selected, but you must remember that we cannot provide any financial advice as to your action. We encourage you to seek such advice from a professional of your own choosing. In evaluating any lump sum offer the two variables in that calculation are mortality (life expectancy) and a discount rate to determine present value. The total lump sum calculated will be discounted by three separate interest rates which are required by the IRS. ALU will probably use the rates from August 2014. Once the rates are known we will provide them to our members.              
The LRO understands the interest and importance of this announced management pension buyout to our retirees.  We are committed to following this issue closely and will continue to update our retirees as firm information becomes available.

 

One final note, you may have heard that ALU announced at their earnings conference plans to also make a lump sum offer to 32,000 formerly represented occupational retirees. We have no further information on that offer.


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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 AVIS CAR RENTAL DISCOUNT... Alcatel-Lucent advises the LRO that retirees are eligible to use the A-L Avis 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 Avis, just identify yourself as an A-L retiree. https://www.avis.com/car-rental/profile/go.ac?B959890

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


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Comment from source at ALU concerning Nokia deal.

"Pensions are fully protected. There will be no change in pension amounts. Deal with Nokia is not expected to close for 9-12 months."


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.


Over 300 members attend Columbus/Indianapolis meetings

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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.


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.


MEDIA NEWS FOR RETIREES

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

Hatch, Grassley: Obama Admin Needs To Explain ‘Unresolved Conflicts Of Interest’ At CMS
By Richard Pollock; The Daily Caller ~ Mar 31, 2015

Americans Must Work Jan. 1 Through April 24 Just to Pay Taxes
By Ali Meyer; Cybercast News Service ~ Mar 31, 2015

Congress Offers One Last Chance to Lower Your Tax Bill
By Ben Steverman; Bloomberg ~ Mar 31, 2015

Alcatel-Lucent Brings Hardware and Software VXLAN to OmniSwitch 6900-Q32
By Sean Michael Kerner; Enterprise Networking Planet ~ Mar 31, 2015

Alcatel-Lucent optimizes for metro networks
By Sean Kinney; RCR Wireless News ~ Mar 31, 2015

Supreme Court won’t hear case on Obamacare Medicare board
By Jennifer Haberkorn; Politico ~ Mar 30, 2015

New effort launched to help seniors with housing, healthcare
By Vicki Needham; The Hill ~ Mar 30, 2015

Alcatel-Lucent to supply China Telecom with FDD LTE kit
By Nick Wood; Total Telecom ~ Mar 30, 2015

Alcatel-Lucent CTO: Small cell is central to 5G
By Jeff Hawn; RCR Wireless News ~ Mar 30, 2015

ALU, Verizon Tune In to Wavelength Routing
By Dan O'Shea; Light Reading ~ Mar 30, 2015

Long-term-care insurers take one hit after another
By Matthew Craft, AP; The Columbus Dispatch ~ Mar 29, 2015

Obamacare Exchanges Attract Few High Income Americans
By Bruce Japsen; Forbes ~ Mar 29, 2015

Medicare payments to doctors expire April 1
By Tom Howell Jr.; The Washington Times ~ Mar 29, 2015

Funding shortfalls put pensions in peril
By John W. Schoen, CNBC; USA TODAY ~ Mar 289, 2015

Retirement Annuities Draw More Criticism
By John Burke; Wall Street Sector Selector ~ Mar 29, 2015

How Boehner, Pelosi surprised everyone with a $200 billion deal
By Peter Sullivan; The Hill ~ Mar 28, 2015

New Taxes on Affluent Pull In $23 Billion
By Laura Saunders; The Wall Street Journal ~ Mar 27, 2015

Ryan: GOP will have 'immediate response' for ObamaCare court ruling
By Sarah Ferris; The Hill ~ Mar 27, 2015

Feds push to inform public about ObamaCare tax breaks
By Sarah Ferris; The Hill ~ Mar 27, 2015

Senate will wait to vote on Medicare deal
By Jordain Carney; The Hill ~ Mar 27, 2015

Senate Passes Budget, Obamacare Repeal In All-Night Session
From KHN Morning Briefing; Kaiser Health News ~ Mar 27, 2015

House passes Boehner-Pelosi Medicare deal in resounding vote
By Peter Sullivan & Cristina Marcos; The Hill ~ Mar 26, 2015

ObamaCare under fire in ‘vote-a-rama’
By Sarah Ferris; The Hill ~ Mar 26, 2015

Higher Medicare costs planned for some seniors in 2018
By Brian Tumulty; USA TODAY ~ Mar 26, 2015

High-Deductible Plans Bring Lower Costs Now, But Will They Bring Pricey Problems?
By Jay Hancock; Kaiser Health News ~ Mar 26, 2015

Report: Most Doctors Not Flooded With New, Sicker Patients Under ACA
From KHN Morning Briefing; Kaiser Health News ~ Mar 26, 2015

Patients Often Aren't Offered Minimally Invasive Surgery
By Nancy Shute; NPR ~ Mar 25, 2015

Seniors rattled by endless risk of Medicare cuts to doctors
By Ricardo Alonso-Zaldivar; The Associated Press ~ Mar 25, 2015

Obama says he's ready to sign Medicare doctor payment fix
By Nedra Pickler; The Associated Press ~ Mar 25, 2015

Social Security will barely cover your health costs
By Anne Tergesen; MarketWatch ~ Mar 25, 2015

Bell Labs starts consulting division
Telecompaper ~ Mar 25, 2015

Bell Labs launches consulting division to advise industry on path to network of 2020
Alcatel-Lucent Press Office

Alcatel-Lucent announces the filing and availability of the 2014 ‘Document de Référence’ and the 2014 Annual Report on Form 20-F
Alcatel-Lucent Press Office

EXCLUSIVE: Democratic Senators Beg For Another Obamacare Delay
By Patrick Howley; The Daily Caller ~ Mar 23, 2015

It’s Obamacare’s First Tax Season. Can The IRS Handle It?
By Wes Venteicher, CT; Kaiser Health News ~ Mar 24, 2015

Half of ObamaCare subsidy recipients will owe on their taxes
By Sarah Ferris; The Hill ~ Mar 24, 2015

Medicare doctor pay fix prospects brighten in Congress
By Susan Cornwell; Reuters ~ Mar 24, 2015

Dems offer amendment to protect Social Security
By Jordain Carney; The Hill ~ Mar 24, 2015

Why Alcatel-Lucent May Be a Threat to Cisco in the Router Market
By Puneet Sikka, Yahoo Finance – Mar 20, 2015

Obamacare subsidies likely expanded insurance coverage: report
By Susan Cornwell; Reuters ~ Mar 23, 2015

Obamacare At Five Years Old: A Disappointment
From Sally Pipes; Forbes ~ Mar 23, 2015

Republicans have it half-right with ACA alternatives
By Gerard Gianoli, M.D. ; The Hill ~ Mar 23, 2015

FAQ: What’s In The House’s Proposal To Fix Medicare’s Payments To Doctors
By Mary Agnes Carey; Kaiser Health News ~ Mar 23, 2015

Reimburse doctors for helping patients plan end of life care, experts say
By Randi Belisomo; Reuters ~ Mar 23, 2015

The Many Costs Of Obama's Executive Amnesty
By Phyllis Schlafly; Investor’s Business Daily ~ Mar 23, 2015

ERISA Advisory Council to study derisking and lifetime participation
By Hazel Bradford; Pensions & Investments ~ Mar 23, 2015

8 Questions To Ask Before Taking A Pension Lump Sum Offer
By Ashlea Ebeling; Forbes ~ Mar 23, 2015

Alcatel-Lucent and Etisalat to give customers in UAE greater control over their service
Alcatel-Lucent Press Office

Monthly information regarding the total number of voting rights and the total number of shares of the Company
Alcatel-Lucent Press Office

There's a code for that: Doctors brace for 155,000 choices to explain medical issues
From The Associated Press; Reading Eagle ~ Mar 22, 2015

On 5th anniversary of health care law, no end to debate
By Ricardo Alonso-Zaldivar; The Associated Press ~ Mar 22, 2015

Congress to Weigh a Plan to Protect Medicare Fees and Children’s Insurance
By Robert Pear; The New York Times ~ Mar 22, 2015

80,000 ObamaCare tax forms on hold
By Peter Sullivan; The Hill ~ Mar 21, 2015 - 03/20/15 02:04 PM EDT

Senate Dems say emerging Medicare deal does not pass 'test'
By Peter Sullivan; The Hill ~ Mar 21, 2015

Why Your Credit in Retirement Is More Important Than You Think
From Gerri Detweiler, Credit.com; ABC News ~ Mar 21, 2015

Social Security's uncertain future
From Brenton Smith; The Hill ~ Mar 19, 2015

New report outlines changes to Obamacare done without Congressional consult
The Ripon Advance ~ Mar 20, 2015

Many Uninsured Choose Penalty Over Enrollment Offer Under Health Law
By Stephanie Armour; The Wall Street Journal ~ Mar 20, 2015

Health Law Brings No Drop In Insurance Enrollment At Work, Study Finds
By Michelle Andrews; Kaiser Health News ~ Mar 20, 2015

White House Fires Warning Shot At Republicans On Social Security
By Sahil Kapur; Talking Points Memo ~ Mar 20, 2015

How Retirees Make The Money To Pay The Bills, Enjoy Life
By IBD Staff; Investor’s Business Daily ~ Mar 20, 2015

Alcatel-Lucent and Chuan Wei boost connectivity with Cambodia’s first ultra-broadband 100G fiber-optic data network
Alcatel-Lucent Press Office

A 'Moral Document': GOP Again Targets Social Security, Medicare
By Richard Eskow, Huffington Post – Mar 19, 2015

When You Must Take Money Out of Your I.R.A. or 401(K)
By Ann Carrns; The New York Times ~ Mar 19, 2015

Brochures for lump-sum pension offers don't tell all you need to know
By Mark Miller; Reuters ~ Mar 19, 2015

Rate hikes to help pensions but cool valuations
By James Saft; Reuters ~ Mar 19, 2015

How to Increase Your After-Tax Wealth in Retirement
By Wade Pfau; The Wall Street Journal ~ Mar 19, 2015

Alcatel-Lucent says VDSL2, vectoring isn't enough to deliver 100 Mbps over existing copper
By Sean Buckley; Fierce Telecom ~ Mar 19, 2015

Republicans move closer to ObamaCare fallback
By Sarah Ferris; The Hill ~ Mar 18, 2015

Don’t turn back clock on seniors’ healthcare
By Reps. Erik Paulsen (R-MN) & Scott Peters (D-CA) ; The Hill ~ Mar 18, 2015

Retirees Could Lose their 'Guaranteed' Health-Care Benefits
By Allison Schrager; Bloomberg ~ Mar 18, 2015

OVERNIGHT HEALTHCARE: Mounting opposition to Medicare deal
By Peter Sullivan; The Hill ~ Mar 17, 2015

Improper Medicare-Medicaid Payments Up 20%; $77.4B in FY14
By Terence P. Jeffrey; Cybercast News Service ~ Mar 17, 2015

House leaders work on $213B plan on doc Medicare payments
By Alan Fram & Andrew Taylor; The Associated Press ~ Mar 17, 2015

Premiums up modestly for cheapest silver plans
By Dan Cook; BenefitsPro ~ Mar 17, 2015

Funding Cliff Threatens Community Health Centers
By Kimberly Leonard ; US News & World Report ~ Mar 17, 2015

What You Need To Know About Volunteering During Retirement
From Robert Laura; Forbes ~ Mar 17, 2015

Alcatel-Lucent Pushes UC to the Deskphone
By Sean Michael Kerner; Enterprise Networking Planet ~ Mar 17, 2015

More Phony ObamaCare Numbers From The White House
Investor’s Business Daily ~ Mar 16, 2015

New Report: Health Law Has Helped Insure 16.4 Million
By Julie Rovner; Kaiser Health News ~ Mar 16, 2015

The Skill That Could Make Or Break Your Retirement
From Nancy Anderson; Forbes ~ Mar 16, 2015

Richard Edet appointed Country Senior Officer for Alcatel-Lucent in Nigeria
Alcatel-Lucent Press Office

Önder Sönmez appointed Country Senior Officer for Alcatel-Lucent in Turkey and Azerbaijan
Alcatel-Lucent Press Office

Obamacare Led To Few Cancelled Policies After All
By Bruce Japsen; Forbes ~ Mar 15, 2015

Rural hospitals, beset by financial problems, struggle to survive
By Guy Gugliotta; The Washington Post ~ Mar 15, 2015

Retirement news: The week in review
By Robert Powell, MarketWatch – Mar 13, 2015

Cool reception for new sign-up window under health care law
By Ricardo Alonso-Zaldivar; The Associated Press ~ Mar 14, 2015

Study: Medicare gaps cost retirees
By Brian Tumulty, USA Today; Poughkeepsie Journal ~ Mar 14, 2015

Say what? Social Security data says 6.5M in US reach age 112
By Stephen Ohlemacher; The Associated Press ~ Mar 14, 2015

Avoid A Retirement Full Of Hindsight
By Robert Laura; Forbes ~ Mar 14, 2015

Some taxpayers still waiting for corrected ObamaCare forms
By Peter Sullivan; The Hill ~ Mar 13, 2015

Members of Congress push back on Medicare Advantage cuts
By Sarah Ferris; The Hill ~ Mar 13, 2015

House leaders in talks over $200B Medicare deal
By Ayla Ellison ; Becker’s Hospital Review ~ Mar 13, 2015

Sanders wants to increase taxes to bolster Social Security
By Jordain Carney; The Hill ~ Mar 13, 2015

Democrats Need To Compromise On Healthcare Reform
By Doug Schoen; Forbes ~ Mar 13, 2015

Healthcare spending rate up 5 percent in January, report says
By Henry Powderly; Healthcare Finance ~ Mar 13, 2015

The Trouble With Advance Directives
By Paula Span; The New York Times ~ Mar 13, 2015

5G will digitise everyone and everything, says Alcatel-Lucent CTO (video)
From John Kennedy; Silicon Republic ~ Mar 13, 2015

Momentum building in Congress for $174 billion Medicare fix
By Peter Sullivan & Sarah Ferris; The Hill ~ Mar 12, 2015

Poll: America's most important problem? Government
By Kendall Breitman; Politico ~ Mar 12, 2015

'Hybrid' pensions may need new accounting rules: IASB
By Carolyn Cohn; Reuters ~ Mar 12, 2015

5 disastrous trends impacting future retirees
By Henry K. Hebeler; MarketWatch ~ Mar 12, 2015

Sen. Bernie Sanders: ‘When People Tell You Social Security Is Going Broke,’ Tell Them They’re Lying
By Ali Meyer; Cybercast News Service ~ Mar 12, 2015

Fake IRS agents target more than 366,000 in huge tax scam
By Stephen Ohlemacher; The Associated Press ~ Mar 12, 2015

How Retirees Can Get More Bang From Their Bonds
By Eleanor Blayney; The Wall Street Journal ~ Mar 12, 2015

Bell Labs Prez: 40 Gbit/s Copper on Horizon
By Iain Morris; Light Reading ~ Mar 12, 2015

Alcatel-Lucent Adds Depth to Its Metro Lineup
By Dan O'Shea; Light Reading ~ Mar 12, 2015

Alcatel-Lucent announces technology partnership with Partech Shaker – the world’s first campus dedicated to digital open innovation
Alcatel-Lucent Press Office

Alcatel-Lucent expands optical networking portfolio to meet enterprise and operator demand for video, cloud and data center traffic in metro networks
Alcatel-Lucent Press Office

Barrasso To WH: ‘Stop Celebrating’ Unpopular Obamacare
By Sarah Hurtubise; The Daily Caller ~ Mar 11, 2015

House leaders looking for deal to halt Medicare payment cuts
By Alan Fram; The Associated Press ~ Mar 11, 2015

The End Of Employer-Provided Health Insurance
From Richard Eisenberg; Forbes ~ Mar 11, 2015

Live Long and Prosper? Insurance Might Help
By John F. Wasik; The New York Times ~ Mar 11, 2015

How to Choose a Financial Advisor
From Tania Brown; Forbes ~ Mar 11, 2015

5 Tips for Passing a Personal-Finance Stress Test
By Liz Moyer; The Wall Street Journal ~ Mar 11, 2015

Is it Too Late for Tax Planning for 2014?
From Bonnie Lee; Fox Business ~ Mar 10, 2015

Read This Before You Trade In Your Pension
By GLENN RUFFENACH ~ 3/10/15

Obamacare's Good News Only Tells Half the Story
By Megan McArdle; Bloomberg View ~ Mar 10, 2015

7.7M ObamaCare customers qualify for subsidies in 2015
By Sarah Ferris; The Hill ~ Mar 10, 2015

USDA Boasts: 1 in 4 Americans 'Rely' on Federal Food Assistance
By Penny Starr; Cybercast News Service ~ Mar 10, 2015

Pension lump-sum offers don’t tell retirees enough: study
By Glenn Ruffenach; MarketWatch ~ Mar 10, 2015

Bell Labs announces the 2015 Prize now open to game-changing ideas with the power to disrupt communications
Alcatel-Lucent Press Office

Opinion: Don't Blame Canada (for Cheap Drugs)
The Editors, Bloomberg View – Mar 5, 2015

ObamaCare Sticker Shock: 2016 Premiums To Spike 8.5%
By Jed Graham; Investor’s Business Daily ~ Mar 09, 2015

CBO: Slowing costs reduce price of health care overhaul
By Stephen Ohlemacher; The Associated Press ~ Mar 09, 2015

How new changes by credit-reporting firms may affect you
By Michelle Chapman & Alex Veiga; The Associated Press ~ Mar 09, 2015

Creating Your Own Retirement Community
From Beth Baker; Forbes ~ Mar 09, 2015

AP Analysis: 5 reasons why health overhaul drama plays on
By Ricardo Alonso-Zaldivar; The Associated Press ~ Mar 08, 2015

Federal health records program leaves some medical professionals out of loop
By Lisa Gillespie; The Washington Post ~ Mar 08, 2015

How To Get Hired For A Part Time Job In Retirement
By Robert Laura ; Forbes ~ Mar 08, 2015

Shift happens – Alcatel Lucent looks past 2015
By Graeme Philipson; ITWire ~ Mar 08, 2015

Study: No Shortage Of Free-Market Alternatives To Obamacare
By Peter Fricke; The Daily Caller ~ Mar 06, 2015

GOP braces for ObamaCare win
By Sarah Ferris; The Hill ~ Mar 07, 2015

What precision medicine can learn from Obamacare
By Sreedhar Potarazu; The Hill ~ Mar 06, 2015

How Obamacare fails the poor and middle class
By Scott W. Atlas; CNN ~ Mar 04, 2015

How We Spend Our Health Care Dollars As We Age
By Howard Gleckman ; Forbes ~ Mar 06, 2015

Retirement in a Community. But Which One?
By Harriet Edleson; The New York Times ~ Mar 06, 2015

7 Financial Scams that Target Seniors
From Bankrate.com; Fox Business ~ Mar 06, 2015

Justice Scalia boosts Republican hopes in ObamaCare challenge
The Hill ~ Mar 05, 2015

Did John Roberts Tip His Hand?
By Jeffrey Toobin; The New Yorker ~ Mar 04, 2015

GOP bill would replace ObamaCare subsidies for 18 months
By Sarah Ferris; The Hill ~ Mar 05, 2015

Pension funding up, but still way short
By Lawrence Delevingne; CNBC ~ Mar 05, 2015

Roberts, Obamacare's savior in 2012, seems inscrutable this time
By Joan Biskupic; Reuters ~ Mar 04, 2015

U.S. Supreme Court split over Obamacare challenge
By Lawrence Hurley; Reuters ~ Mar 04, 2015

Share of consumer spending on health care hits another record
By Jeffry Bartash; MarketWatch ~ Mar 04, 2015

The Surprising Amount Retirees Pull Out of Savings
By Richard Eisenberg; Next Avenue ~ Mar 04, 2015

States Want To Cut Taxes Even More on Pensions. Bad Ideas Never Die.
From Howard Gleckman; Forbes ~ Mar 04, 2015

Democrats launch tax offensive
By Alexander Bolton; The Hill ~ Mar 04, 2015

Americans Aren’t Saving Enough for Retirement, but One Change Could Help
By Eduardo Porter; The New York Times ~ Mar 04, 2015

Bell Labs chief shuns 5G hype
By Ken Wieland; Mobile World Live ~ Mar 04, 2015

Cruz unveils ObamaCare alternative
By Peter Sullivan; The Hill ~ Mar 03, 2015

Insurers’ Biggest Fear: A Health-Law Death Spiral
By Anna Wilde Mathews; The Wall Street Journal ~ Mar 03, 2015

Obamacare case: All eyes on 2 justices
By Jennifer Haberkorn & Josh Gerstein; Politico ~ Mar 03, 2015

Americans Are Feeling a Little Better About Their Retirement Crisis
By Suzanne Woolley; Bloomberg ~ Mar 03, 2015

Alcatel-Lucent Offers Small Cell Solution to TELUS
By Zacks Equity Research; Zacks ~ Mar 03, 2015

Alcatel-Lucent, Huawei Pitch 5G Radio Technologies
By Robert Clark; Light Reading ~ Mar 03, 2015

[5G PPP Press Release] 5G can deliver a ‘truly networked’ society with Europe in the driving seat
Alcatel-Lucent Press Office

Obama not preparing healthcare backup plan for court
By Sarah Ferris; The Hill ~ Mar 02, 2015

King v. Burwell: The Right(s) response
By Sen. Bill Cassidy (R-La.), MD; The Hill ~ Mar 02, 2015

Alcatel-Lucent to marry Wi-Fi and LTE to boost mobile speed
By Byomakesh Biswal; Computer Business Review ~ Mar 02, 2015

Alcatel-Lucent announces the world’s first deployment of its Enterprise Small Cell technology
Alcatel-Lucent Press Office

Alcatel-Lucent demonstrates how its virtualized radio access network technology will transform ultra-broadband mobile access
Alcatel-Lucent Press Office

[Qualcomm Press Release] Qualcomm and Alcatel-Lucent Join Forces with T-Mobile to Accelerate Licensed Assisted Access Adoption
Alcatel-Lucent Press Office

[Verizon Press Release] LTE–U Forum Explores Technical Possibilities of LTE in Unlicensed Spectrum
Alcatel-Lucent Press Office

Is Supreme Court's chief justice ready to take down ObamaCare?
By Peter Sullivan; The Hill ~ Mar 01, 2015

Hospital Profits Soar As Obamacare Prescribes More Paying Patients
From Bruce Japsen; Forbes ~ Mar 01, 2015

GOP senators pledge help if court bars health law subsidies
By Alan Fram; The Associated Press ~ Mar 01, 2015

GOP fears grow over ObamaCare challenge
By Sarah Ferris; The Hill ~ Mar 01, 2015

AlcaLu sees “technology push” as 5G hype driver; regrets 4.5G moniker
By Steve Costello; Mobile World Live ~ Mar 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