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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.





ALU Announcement of Pension Buyout
10/6/14 update

At the Eatontown LRO member meeting, LRO pension specialist Al Duscher outlined the reasons companies pursue “pension de-risking” strategies, including selling pensions to insurance companies and offering lump sum buyouts.

Why do de-risking? Duscher said risks, such as the possibility pension fund earnings could prove inadequate or retirees could longer than expected, create uncertainty for companies.

He said ALU has taken several measures to address these issues, including redesigning the plan, freezing outlays, using a conservative investment strategy and transferring people and money into the plan.

These steps, coupled with the plan’s initial solid funding, mean there’s enough cash available to take additional steps, including the announced cash buyout offer, or transferring the fund to an insurance company or other firm, which would then provide annuities. (ALU has announced a buyout offer, but not a transfer of the plan balance.)

Who will get the cash offer, and for how much? Duscher said those details remain unknown. ALU is to announce details in 2015, probably in the first half of the year.

Finally, is taking a buyout a good idea? Duscher there’s no one answer. The answer depends on each pensioner’s situation: the amount of the offer, their age, health, expected longevity, income resources, need for cash, ability to manage money and more.

He also cautioned that: Alu is transferring longevity risk and investment risks through the lump sum to retirees.

A significant percent of retirees will live beyond the age used to calculate the lump sum.

To make up for this, retirees need investment returns up to 50 percent higher than that used in lump sum calculation.

Watch the video here.


NEW WEBSITE FEATURES

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 linkag e to an official obituary. Information required and the form to list an individual is contained on the "In Memoriam" page. It is our hope that family members and friends will want to share the passing with former colleagues and take advantage of this service.


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KEEP YOUR ADDRESS CURRENT WITH ALU

Some of us may have no ongoing need for contact with Lucent whereas others receive healthcare information, W2s, 1099s and other mailings. It is always important to let Lucent know when you change addresses. This would be a good time to do it if you have moved to a new location. Contact Lucent at Alcatel-Lucent Pension Service Center(PSC) @ 866-429-5764.


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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LRO MOURNS PASSING OF FORMER PRESIDENT AND BOARD MEMBER

James J. (Jim) Breslin passed away on January 1breslin, 2015 after a brief battle with cancer.

Jim had a long distinguished career with Western Electric - AT&T/Lucent with tours in Chicago, St. Louis, Denver, New Jersey, and Atlanta. He retired in 1996 as Vice President Labor Negotiations.

Jim served a term as President of the LRO and was an active board member for several years. All of us on the LRO Board send our sincere condolences to his wife Shirley and to his family.

To read the full obituary, visit the In Memoriam tab at the top of the website.


2015 Dues Appeal To Kick Off this week …

The 2015 Dues Campaign has started this week. The LRO Board encourages all members that haven’t paid their 2015 dues to do so as soon as possible. Dues are vital for the vibrancy and continuance of LRO’s pursuit of protecting retiree’s Pension and Benefit programs.

Supporting this year’s campaign, membership cards for 2015 were included to all LRO members. Click here to pay dues.


CHANGE IN PENSION PLAN RECORDKEEPER

Effective January 2, 2015, Aon Hewitt will become the new recordkeeper for the Alcatel-Lucent U.S. Pension Plans. There are no changes to your pension benefit annd the transition to Aon Hewitt is automatic.

Starting on January 2, 2015, pension information and pension transactions will be accessible online through the Your Benefits Resources (YBR)™ website at http://resources.hewitt.com/alcatel-lucent, 24 hours a day, seven days a week. If you need to speak with a customer service representative, the Alcatel-Lucent Benefits Center will be available to you from 9:00 a.m. to 5:00 p.m., ET, Monday through Friday. Call 1-888-232-4111 and select "Retirement and Investments."


Video presentations from the New Jersey meetings are now available

If you couldn't get to the recent meetings, you can see the presentations here. Click on the following links:

Joe Dombrowsky does introductions and agenda
Bob Martina discusses Grassroots support
Ron Hoth discusses Healthcare and Lucent benefits
Frank Minter and Al Duscher discuss pensions and the coming buyout
Frank Minter and Al Duscher Q & A


LRO Members Turn Out for New Jersey Member Meetings

Was it the delightful fall weather? Probably not.

More likely it was important changes ahead for Alcatel-Lucent (ALU) and its retiree benefit programs that drew inquisitive crowds to two meetings organized by the Lucent Retirees Organization (LRO) in Tinton Falls, N.J. on October 6 and 7.

A total of 345 retired Lucent employees (including 90 spouses) gathered to hear the latest on how to reach out to Congress, and on changes to retiree health benefits, pension funding security and what is known about the pension buyout ALU announced for 2015.

A camera crew was on hand to record the presentations, and the LRO plans to make the content available through the LRO website. Meantime, here are highlights from the two days:

Attendees were welcomed by LRO President Joe Dombrowski, who outlined the program and explained how the LRO works through the National Retiree Legislative Network (NRLN) to inform Congress on issues important to retirees—work the LRO can’t do directly. Joe then introduced Bob Martina, an LRO Board Member who serves as liaison with the NRLN.

Sound Off to Congress . . . It’s Easy

Bob Martina made these key points:

  • The NRLN represents more than 2 million  retirees from more than 100 different companies with 31 retiree organizations —potentially a powerful force to persuade Congress about what matters to retirees.  The LRO is well represented in the NRLN.
  • The key is to communicate and make your views known. A new, improved NRLN website makes it easy to find position papers that outline the key issues, see how your elected officials have voted, and respond to NRLN Action Alerts by quickly sending letters to voice your views—all with just a few clicks. A guide is provided here. These include Facebook and Twitter, making contact even easier.
  • Bob showed how the site works, and encouraged the audience to join LRO members who are acting to help Congress understand the critical importance of such issues as pension funding and healthcare benefits.  All LRO members should respond to all NRLN Action Alerts .

New Choices in Healthcare

LRO benefits specialist Ron Hoth discussed changes that face retirees during the 2014 Open Enrollment Period:

  • Medicare-eligible retirees have the flexibility to drop ALU coverage if they identify better choices elsewhere. They can also return to ALU coverage in the future, depending on timing. State Health Insurance Assistance Program (SHIP) program resources (website and toll-free number) can help with information.
  • Those under 65 years of age Hoth advised to shop the market, including the federal Healthcare.gov website.
  • Hoth also mentioned that the ALU benefits team has been helpful and easy to work with.

Pension Funding: Solid

LRO pension specialist Frank Minter reviewed the ALU management pension plan, including steps the company has taken that have strengthened the plan’s funding level.

  • The company has transferred thousands of employees (and their pension resources) into the management plan. This has strengthened plan funding.
  • Increases in the “discount rate” or projected earnings rate for plan resources have also boosted the calculated funding level to as high as 119 percent of what is required.
  • Bottom line: Minter said the ALU plan is well funded, and more robust than many.

The Lump Sum Buyout: Stay Tuned!

What was probably the most-anticipated topic opened with a caution: the LRO will not provide members with investment advice in connection with the lump sum pension buyout ALU has announced it will offer to 45,000 retirees in 2015. Short of such financial guidance, however, the LRO will provide all the information available. At this point, much is unknown.

A summary of the buyout discussion is shown under the Pension Buyout Corner at left.

A lively question and answer session followed each presentation. Videos of the presentations and q and a sessions can be seen using the links above.

  • Reported by Walt Greenwood
  • MEDIA NEWS FOR RETIREES

    ObamaCare's One-Size-Fits-All Approach Bars Innovative Cures
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    ObamaCare's One-Size-Fits-All Approach Bars Innovative Cures
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    Obamacare Fine to Be Owed by as Many as 6 Million Taxpayers
    By Alexander Wayne; Bloomberg ~ Jan 28, 2015

    Ruling Could Send More Retirees Seeking Coverage To Exchanges
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    Study: Insurers may using drug costs to discriminate
    By Kelli Kennedy; The Associated Press ~ Jan 28, 2015

    Dems Sound 'Privatization' Siren Ahead Of New Social Security Fight
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    2 troubling trends in retirement planning
    By Amit Chopra; MarketWatch ~ Jan 28, 2015

    Managing Pension Risk Using Annuity Buyouts and Lump-sum Payouts
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    Bell Labs: Mix of radio sizes can deliver 50% energy savings
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    Senate GOP plots plan B for ObamaCare
    By Alexander Bolton; The Hill ~ Jan 27, 2015

    U.S. says 9.5 million people enroll for 2015 Obamacare insurance
    By Caroline Humer & David Morgan; Reuters ~ Jan 27, 2015

    Graying America, Health-Care Overhaul Boosts Medical Properties
    By Peter Grant & Robbie Whelan; The Wall Street Journal ~ Jan 27, 2015

    Obama Abandons Plan To Tax Americans’ College Savings
    By Blake Neff; The Daily Caller ~ Jan 27, 2015

    Social Security benefits are stingy
    By Alicia H. Munnell; MarketWatch ~ Jan 27, 2015

    Do You Have to Pay Taxes on Social Security Benefits?
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    Alcatel-Lucent Demos 4G LTE Access Technology for Wholesale Offering in Mexico on 700MHz APT Spectrum
    By “TechTeam”; PCC Mobile Broadband ~ Jan 27, 2015

    Study: Retirement crisis real and getting worse
    By Hazel Bradford, Pensions & Investments – Jan 26, 2015

    Budget office lowers ObamaCare price tag by 20 percent
    By Sarah Ferris; The Hill ~ Jan 26, 2015

    The Reality of the Retirement Crisis
    By Keith Miller, David Madland, & Christian E. Weller; Center for American Progress ~ Jan 26, 2015

    Medical Specialists, Concierge Healthcare, And Personal Wealth
    By Russ Alan Prince; Forbes ~ Jan 26, 2015

    Time on Obama’s Side in Death Knell for Health Fee-for-Service
    By Alex Wayne; Bloomberg ~ Jan 26, 2015

    Gov't to overhaul Medicare payments to doctors, hospitals
    By Ricardo Alonso-Zaldivar; The Associated Press ~ Jan 26, 2015

    The Audacity Of… What?: Obama Pushing Taxes He Fought AGAINST In Senate AND In His Book
    By Blake Neff; The Daily Caller ~ Jan 26, 2015

    Court rules for company seeking to trim retiree health costs
    From Associated Press; Bloomberg ~ Jan 26, 2015

    Alcatel-Lucent and Mexican government conduct 4G LTE field trial in preparation for new national mobile broadband network initiative
    Alcatel-Lucent Press Office

    Alcatel-Lucent, Vodacom in ultra-broadband GPON project
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    At 205,000 Strong, The Nurse Practitioner Will See You Now
    By Bruce Japsen; Forbes ~ Jan 25, 2015

    The Cheapest Tax Prep Software for 2015 (Hint: It's Not TurboTax)
    By Ben Steverman; Bloomberg Businessweek ~ Jan 235, 2015

    Congress torn over depleted disability fund
    By Rebecca Shabad; The Hill ~ Jan 25, 2015

    How the Elderly Can Stay Independent Longer
    From Sydney Lagier; The Wall Street Journal ~ Jan 24, 2015

    Uncle Sam Is Coming After Your Savings
    By Megan McArdle; Bloomberg View ~ Jan 23, 2015

    More doctors turning away Medicare patients
    By Larry Seward; KHOU ~ Jan 24, 2015

    Privacy concerns over health care website prompt reversal
    By Jack Gillum & Ricardo Alonso-Zaldivar; The Associated Press ~ Jan 23, 2015

    Top House Dem: Obamacare Language On Subsidies 'Not As Clear As I'd Like It'
    By Sahil Kapur; Talking Points Memo ~ Jan 23, 2015

    Democrats Call 40-Hour Workweek Bill ‘Corporate Welfare’
    By Peter Fricke; The Daily Caller ~ Jan 23, 2015

    UNDER REVIEW: Congress Looking Into Why IRS Has BIG MONEY Contract With Botched Healthcare.gov Company
    By Richard Pollock; The Daily Caller ~ Jan 22, 2015

    5 Common Investment Mistakes You Don't Want to Make
    From Erik Carter; Forbes ~ Jan 23, 2015

    Healthcare Is Headed Down A New Road With New Rules In 2015
    By Reenita Das; Forbes ~ Jan 22, 2015

    ObamaCare unfairly penalizes the young
    By Deborah Ann Travis Honeycutt, M.D.; The Hill ~ Jan 22, 2015

    BOMBSHELL: IRS Has Active Contract For MILLIONS With Company HHS FIRED Over Botched Healthcare.gov
    By Richard Pollock; The Daily Caller ~ Jan 22, 2015

    Avoid an accidental disinheritance by keeping will up-to-date
    From Frank Mokosak; The Des Moines Register ~ Jan 22, 2015

    Social Security Extends Hours at Field Offices
    From The Associated Press; The New York Times ~ Jan 22, 2015

    Obamacare enrollment hits 7.1 million so far for 2015 coverage
    By David Morgan; Reuters ~ Jan 21, 2015

    New Senate bill would overturn Obamacare's individual mandate
    By David Morgan; Reuters ~ Jan 21, 2015

    Obama's Family Leave Proposals Largely Ignore Caregivers of Frail Seniors and Disabled Adults
    From Howard Gleckman; Forbes ~ Jan 21, 2015

    Poll: Healthcare costs, lack of money are top financial problems
    By Rebecca Shabad; The Hill ~ Jan 21, 2015

    Instead of fixing the tax system, Obama returns to campaign mode
    By Michael R. Strain ; The Washington Post ~ Jan 21, 2015

    Five Ways to Control the Aging Process
    From Maddy Dychtwald; The Wall Street Journal ~ Jan 21, 2015

    What Happens To Your Debt After You Die?
    From Steven Richmond; Forbes ~ Jan 21, 2015

    Sen. Graham Unsure If Repealing Obamacare by Reconciliation is ‘Best’ Way
    By Craig Millward; Cybercast News Service ~ Jan 20, 2015

    Hatch Vows To Dismantle Health Law But Predicts Bipartisan Success On Other Issues
    By Mary Agnes Carey; Kaiser Health News ~ Jan 20, 2015

    Government health care website quietly sharing personal data
    By Ricardo Alonso-Zaldivar & Jack Gillum; The Associated Press ~ Jan 20, 2015

    HHS skimped on oversight for ObamaCare contractors, audit finds
    By Sarah Ferris; The Hill ~ Jan 20, 2015

    Consumers Find Wide Disparities In Health Marketplace Premiums
    From KHN Morning Briefing; Kaiser Health News ~ Jan 20, 2015

    Republicans target Social Security disability
    By David Rogers; Politico ~ Jan 20, 2015

    Tax time means identity theft time
    By David P. Willis; Asbury Park Press ~ Jan 20, 2015

    H&R Block: ‘No One Can Understand’ New Obamacare Tax Code
    By Richard Pollock; The Daily Caller ~ Jan 19, 2015

    Obamacare penalty may come as shock at tax time
    By Tom Howell Jr.; The Washington Times ~ Jan 18, 2015

    New technologies put the patient first
    By Lindsay Carlton; Fox News ~ Jan 18, 2015

    A Prescription to Save the American Retirement System?
    By Scott Cooley; Rekenthaler Report ~ Jan 19, 2015

    New GOP senator: ‘Tide rising’ against ObamaCare
    By Sarah Ferris; The Hill ~ Jan 18, 2015

    The promising retirement plan that’s stuck in Congress
    By Robert Powell; MarketWatch ~ Jan 17, 2015

    Health Law Headaches: Employers Not Ready, Technology, Taxes
    From KHN Morning Briefing; Kaiser Health News ~ Jan 16, 2015

    Study Disputes Perception That New Beneficiaries Are Fueling Medicare Advantage Growth
    By Michelle Andrews; Kaiser Health News ~ Jan 16, 2015

    Medicare chief steps down, ran health care rollout
    By Ricardo Alonso-Zaldivar; The Associated Press ~ Jan 16, 2015

    Administration officials look to ease ObamaCare tax woes
    By Sarah Ferris; The Hill ~ Jan 16, 2015

    GOP plotting response to ObamaCare SCOTUS case
    By Sarah Ferris; The Hill ~ Jan 15, 2015

    IRS chief optimistic on ObamaCare
    By Bernie Becker ; The Hill ~ Jan 15, 2015

    U.S. healthcare executives say Obamacare is not going anywhere
    By Deena Beasley & David Morgan; Reuters ~ Jan 15, 2015

    How Do Your Retirement Savings Compare To Others? Five Ways To Measure Up
    By Robert Laura; Forbes ~ Jan 15, 2015

    5 expenses you don’t plan for, but should
    By Catey Hill; MarketWatch ~ Jan 15, 2015

    PBGC pushes ahead on ‘de-risking’ reporting rules
    By Nick Thornton, BenefitsPro – Jan. 14, 2015

    IRS Warns Of Delayed Refunds, Long Waits For Taxpayers & Possible Shutdown
    From Kelly Phillips Erb; Forbes ~ Jan 13, 2015

    IRS partly to blame for ObamaCare issues
    By Bernie Becker; The Hill ~ Jan 14, 2015

    Health Insurance Startup Collapses In Iowa
    By Clay Masters, Iowa Public Radio ; Kaiser Health News ~ Jan 14, 2015

    5 trends that will redefine your healthcare experience in 2015
    By Laura Lorenzetti; Fortune ~ Jan 14, 2015

    Alcatel-Lucent's New Contract Wins Will Drive Its Growth
    From “MacroConsultants”; GuruFocus ~ Jan 14, 2015

    Coming soon to a workplace near you: 'wellness or else'
    By Sharon Begley; Reuters ~ Jan 13, 2015

    Don’t ignore your Social Security statement
    By Kerry Hannon; MarketWatch ~ Jan 13, 2015

    SEC inspections to focus on retirement advice
    By Eric Garcia; MarketWatch ~ Jan 13, 2015

    Alcatel-Lucent reaches 10M VDSL2 vectored line shipments
    By Sean Buckley; Fierce Telecom ~ Jan 13, 2015

    AlcaLu Hires Oracle Big Hitter
    By Ray Le Maistre; Light Reading ~ Jan 13, 2015

    U.S. House Republican optimistic about Obamacare replacement plan
    By David Morgan; Reuters ~ Jan 12, 2015

    Got help paying for health care? Watch your mailbox
    By Ricardo Alonso-Zaldivar; The Associated Press ~ Jan 12, 2015

    Supreme Court rejects new challenge to Obamacare law
    By Lawrence Hurley; Reuters ~ Jan 12, 2015

    House passes third ObamaCare bill of new Congress
    By Cristina Marcos; The Hill ~ Jan 12, 2015

    New Year, New Problems For Obamacare
    From Sally Pipes; Forbes ~ Jan 12, 2015

    Think twice before converting to a Roth IRA to avoid RMDs
    By Dan Moisand; MarketWatch ~ Jan 12, 2015

    Dems warn of Social Security cuts
    By Alexander Bolton; The Hill ~ Jan 12, 2015

    House Budget Chair Signals Big Social Security Reforms A-Coming
    By Dylan Scott; Talking Points Memo ~ Jan 12, 2015

    Social Security won't seize tax refunds to collect old debts
    By Stephen Ohlemacher; The Associated Press ~ Jan 12, 2015

    3 Tips To Start Your Grandkids On The Road To Becoming Money Savvy
    By Neale Godfrey; Forbes ~ Jan 11, 2015

    It's Tax Season. Do You Know Where Your Mail Is?
    From Adam Levin; ABC News ~ Jan 11, 2015

    Social Security’s New Income Rules
    By Jennifer Waters; The Wall Street Journal ~ Jan 11, 2015

    Medicare pays doctors to coordinate seniors' chronic care
    By Lauran Neergaard; The Associated Press ~ Jan 10, 2015

    Put Estate Planning On Your Bucket List
    From “The Boomer”; Fox Business ~ Jan 09, 2015

    Obamacare Author Rips Obama Admin, Valerie Jarrett For ‘Incompetence,’ ‘Protecting’ POTUS [AUDIO]
    By Al Weaver; The Daily Caller ~ Jan 09, 2015

    You Can Spend More Money In Retirement -- No Kidding
    From Larry Light; Forbes ~ Jan 09, 2015

    How Retirees May Be Burned By Co-Signing a Student Loan
    By Ted Jenkin; The Wall Street Journal ~ Jan 09, 2015

    TV medical advice not always backed by evidence
    By Roxanne Nelson; Reuters ~ Jan 08, 2015

    Obamacare Employer Mandate Eased in Bill Passed by House
    By Billy House; Bloomberg ~ Jan 08, 2015

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    By Melanie Evans; Modern Healthcare ~ Jan 08, 2015

    Don't Fall Into These 5 Spending Traps In Retirement
    By Nancy Anderson; Forbes ~ Jan 08, 2015

    Defending Social Security: Next on Obama's to-do list?
    By Mark Miller; Reuters ~ Jan 08, 2015

    Social Security disability payments will be cut by a fifth if Congress doesn’t act
    By Max Ehrenfreund; The Washington Post ~ Jan 07, 2015

    Tax Returns Complicated by Health Care Law and I.R.S. Staff Cuts
    By Ann Carrns; The New York Times ~ Jan 07, 2015

    Support builds for medical device tax repeal
    By Bernie Becker; The Hill ~ Jan 07, 2015

    Lavish ‘Cadillac’ Health Plans Dying Out as Obamacare Tax Looms
    By Alex Wayne & John Lauerman; Bloomberg ~ Jan 07, 2015

    Senate GOP: Vote on ObamaCare's 30-hour week inevitable
    By Laura Barron-Lopez; The Hill ~ Jan 07, 2015

    ObamaCare: Young Adults, Unsubsidized Shun Exchanges
    By Jed Graham; Investor’s Business Daily ~ Jan 07, 2015

    CBO: ObamaCare bill would raise deficit
    By Elise Viebeck; The Hill ~ Jan 07, 2015

    Employers Dump 401(k)s Into IRAs Costing Ex-Employees Billions
    By Ashlea Ebeling; Forbes ~ Jan 07, 2015

    Providers Collect Increasing Amounts Of Data But It Doesn’t Always Lead To Better Care
    From KHN Morning Briefing; Kaiser Health News ~ Jan 06, 2015

    House bill: Firms could skirt health law by hiring vets
    By Alan Fram; The Associated Press ~ Jan 06, 2015

    Is Obamacare Squeezing The Middle Class?
    By John C. Goodman; Forbes ~ Jan 06, 2015

    New GOP Congress Fires Shot At Social Security On Day One
    By Dylan Scott; Talking Points Memo ~ Jan 06, 2015

    Securing Your Retirement After The Death Of Pensions
    By Charles Sizemore ; Forbes ~ Jan 05, 2015

    Goodbye, traditional retirement
    By Robert Powell; MarketWatch ~ Jan 05, 2015

    GOP lawmaker: O-Care repeal top priority
    By Megan R. Wilson; The Hill ~ Jan 04, 2015

    Departing Lawmakers Bemoan the Decline of Compromise
    By Carl Hulse and Robert Pear, New York Times – Jan. 4, 2015

    How to Stretch Your Health-Care Dollars
    By Kristen Gerencher; The Wall Street Journal ~ Jan 04, 2015

    Why many shouldn’t buy long-term care insurance
    By Anne Tergesen; MarketWatch ~ Jan 04, 2015

    Tax reform: Could it happen?
    By Bernie Becker; The Hill ~ Jan 04, 2015

    With Obamacare under siege, Biden takes to airwaves to urge Americans to enroll
    By Dan Taylor; National Monitor ~ Jan 03, 2015

    GOP searches for elusive Obamacare fix
    By Jennifer Haberkorn; Politico ~ Jan 03, 2015

    The 5 Stages Of Republican Grief Over Obamacare
    By Dylan Scott; Talking Points Memo ~ Jan 02, 2015

    ObamaCare enrollment, then and now
    By Elise Viebeck; The Hill ~ Jan 03, 2015

    Why 2014 Was Tough for Corporate Pensions
    By Timothy W. Martin; The Wall Street Journal ~ Jan 02, 2015

    Medicine is about to get personal
    By David Von Drehle, TIME; Fortune ~ Jan 02, 2015

    How The Affordable Care Act Forced Me To Be Uninsured
    From Robert Book; Forbes ~ Jan 02, 2015

    A Sobering Perspective on a Looming Retirement Crisis
    By Jonathan A. Knee; The New York Times ~ Jan 02, 2015

    Fiorina staffs up for potential 2016 bid
    By Cameron Joseph; The Hill ~ Jan 02, 2015

    Alcatel looks to undercut everyone with cheap new smartwatch
    By James Vincent; The Verge ~ Jan 02, 2015

    Sweetheart deal? Unions allowed to cut retiree benefits rather than fix underfunded pensions
    By Jeffrey Scott Shapiro; The Washington Times ~ Dec 29, 2014

    Tax facts: Seven big changes will affect your 2015 planning
    By Jeff Reeves, USA Today; KENS5 ~ Jan 01, 2015

    Obamacare PR push goes silent
    By Joanne Kenen; Politico ~ Dec 31, 2014

    Big Investments For ACA Innovation Lab, But Most Results Still Pending
    By Jay Hancock; Kaiser Health News ~ Dec 31, 2014

    New Enrollment Numbers Show Importance of Coming Supreme Court Case
    By Margot Sanger-Katz; The New York Times ~ Dec 31, 2014

    5 things to know: Obama health law again in play
    By Ricardo Alonso-Zaldivar; The Associated Press ~ Dec 31, 2014

    Pension Funds Playing Bigger Role in Reinsurance
    By Mary Williams Walsh; The New York Times ~ Dec 31, 2014

    PBGC urged to listen more to constituents, take less adversarial stance
    By Hazel Bradford; Pensions & Investments ~ Dec 31, 2014

    Opinion: Obamacare’s little-known side effect: spurring innovation
    By Laura Tyson &Lenny Mendonca; MarketWatch ~ Dec 30, 2014

    Obama Adviser Jonathan Gruber In 2009: Obamacare Will NOT Be Affordable
    By Patrick Howley; The Daily Caller ~ Dec 30, 2014

    How Rising Healthcare Costs Make American Businesses Less Competitive
    By Natalie Burg; Forbes ~ Dec 29, 2014

    Being uninsured in America will cost you more
    By Ricardo Alonso-Zaldivar; The Associated Press ~ Dec 29, 2014

    Elder-care challenges prompt tech executives to create startups, apps
    By Christina Farr; Reuters ~ Dec 28, 2014

    5 Ways to Ruin a Perfectly Good Retirement Plan
    By Dan Ritter; Wall St. Cheat Sheet ~ Dec 28, 2014

    Affordable Care Act’s Tax Effects Now Loom for Filers
    By Tara Siegel Bernard; The New York Times ~ Dec 26, 2014

    How Affordable Care Act Rules Affect Your Taxes
    By Tara Siegel Bernard; The New York Times ~ Dec 26, 2014

    When You Should Use A Nondeductible IRA
    By Donald Jay Korn; Investor’s Business Daily ~ Dec 26, 2014

    How to Save Like the Rich and the Upper Middle Class (Hint: It’s Not With Your House)
    By Josh Zumbrun; The Wall Street Journal ~ Dec 26, 2014

    8 secrets for success from early retirees
    They’re not millionaires, but they retired at 38 — that was 23 years ago

    By Andrea Coombes; MarketWatch ~ Dec 26, 2014

    Obama Renews ‘Symbolic’ Obamacare Plan He’ll Never Use
    By Sarah Hurtubise; The Daily Caller ~ Dec 24, 2014

    Report: Obamacare Exchanges Still Don’t Measure Up To The Private Market
    By Sarah Hurtubise; The Daily Caller ~ Dec 23, 2014

    Is this 'wealth care' or the next big thing in medicine?
    By “mwesp”; KETK ~ Dec 24, 2014

    Defiant health chief says ObamaCare will win day at Supreme Court
    By Sarah Ferris; The Hill ~ Dec 23, 2014

    U.S. says 6.4 million signed up for 2015 HealthCare.gov plans
    By Caroline Humer; Reuters ~ Dec 23, 2014

    Much work still needed on health care sign-ups
    By Ricardo Alonso-Zaldivar; The Associated Press ~ Dec 23, 2014

    Seniors’ Wait For A Medicare Appeal Is Cut In Half
    By Susan Jaffe; Kaiser Health News ~ Dec 23, 2014

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    Independent Press ~ Dec 22, 2014

    Alcatel-Lucent's Alwan: SDN creates new automation opportunities for service providers
    By Sean Buckley; Fierce Telecom ~ Dec 23, 2014

    HHS proposes changes to O-Care benefit summaries
    By Elise Viebeck; The Hill ~ Dec 22, 2014

    Supreme Court to hear ObamaCare subsidy challenge in March
    By Sarah Ferris; The Hill ~ Dec 22, 2014

    Medicare To Offer Help To Some Seniors When Advantage Plans Drop Doctors
    By Susan Jaffe; Kaiser Health News ~ Dec 22, 2014

    Deciding Whether Subsidized Health Insurance Is Worth The Hassle
    By Andrew L. Wang; Kaiser Health News ~ Dec 22, 2014

    Tips to fight senior scams from Sen. Bill Nelson
    By Rodney Brooks; USA TODAY ~ Dec 22, 2014

    The Real Risk of Pension Plans: They Give Retirees False Security
    By Allison Schrager; Bloomberg Businessweek ~ Dec 22, 2014

    Republicans eye obscure budget tool to repeal ObamaCare
    By Scott Wong; The Hill ~ Dec 21, 2014

    The 12 Scams of Christmas'
    By Cheryl Hagen; WBFO ~ Dec 21, 2014

    Debt Collectors Hound Millions of Retired Americans
    By Herb Weisbaum, NBC News – Dec 20, 2014

    Poll Finds Many Americans Think Paying For Health Care Is A Hardship
    From KHN Morning Briefing; Kaiser Health News ~ Dec 19, 2014

    Obama renews tax breaks, creates ABLE accounts
    By Darlene Superville; The Associated Press ~ Dec 19, 2014

    Selling the Family Home Is Liberating for Many Retirees
    The New York Times ~ Dec 19, 2014

    Pension Payout: Should I Take The Lump Sum?
    By Anna Bahney; Forbes ~ Dec 19, 2014

    Prudential Piles on the Corporate Pensions
    By Zachary Tracer; Bloomberg Businessweek ~ Dec 18, 2014

    Group challenging ObamaCare subsidies files new lawsuit
    By Elise Viebeck; The Hill ~ Dec 18, 2014

    Looking Outside the Government Box for Suitable Health Coverage
    By Ann Carrns; The New York Times ~ Dec 18, 2014

    Holiday Gifts: 3 Wise Ways To Give Kids Money
    From Kerry Hannon; Forbes ~ Dec 18, 2014

    Looking Ahead To The Year That Interest Rates Will Finally Rise
    From Steve Blumenthal; Forbes ~ Dec 18, 2014

    After the new federal pension rules: What retirees need to know
    By Mark Miller; Reuters ~ Dec 18, 2014

    Alcatel-Lucent Advances on Report of Merger Talks With Nokia
    By Marie Mawad and Cornelius Rahn, Bloomberg News – Dec 18, 2014

    ObamaCare fines loom for uninsured
    By Elise Viebeck; The Hill ~ Dec 17, 2014

    Senate Leaders Demand Treasury, HHS Inform Consumers About Risks Of HealthCare.gov
    From Michael F. Cannon; Forbes ~ Dec 17, 2014

    New budget leader is big ObamaCare foe
    By Sarah Ferris; The Hill ~ Dec 17, 2014

    How Much Investment Money Can You Take Out In Retirement
    By Larry Light; Forbes ~ Dec 17, 2014

    Alcatel-Lucent tasked with trans-Tasman cable build
    By James Henderson; New Zealand Reseller News ~ Dec 18, 2014

    Signing Up for Health Insurance, Even After Missing the Deadline
    By Ann Carrns; The New York Times ~ Dec 16, 2014

    Obamacare Limits Choice Of Health Plans
    By Scott Gottlieb; Forbes ~ Dec 16, 2014

    Obamacare Enrollment Is Up But Returning Customers Are Still Shying Away
    By Sarah Hurtubise; The Daily Caller ~ Dec 16, 2014

    OVERNIGHT HEALTH: HealthCare.gov sees record traffic
    By Sarah Ferris & Elise Viebeck; The Hill ~ Dec 16, 2014

    Federal Judge: Obama’s Amnesty Is Unconstitutional
    By Neil Munro; The Daily Caller ~ Dec 16, 2014

    Senate Sends $42 Billion U.S. Tax-Break Renewal Measure to Obama
    By Richard Rubin; Bloomberg ~ Dec 16, 2014

    Choose the best time for taking your first required IRA withdrawal
    By Bill Bischoff; MarketWatch ~ Dec 16, 2014

    President Obama DELETED His Website Telling American People They Could Keep Their Plans
    By Patrick Howley; The Daily Caller ~ Dec 15, 2014

    More extensions as Obamacare deadline looms
    Dan Mangan; CNBC ~ Dec 15, 2014

    Stronger start for Obama's health law this year
    By Ricardo Alonso-Zaldivar; The Associated Press ~ Dec 15, 2014

    Crunch time again for health insurance sign-ups
    By Ricardo Alonso-Zaldivar; The Associated Press ~ Dec 14, 2014

    Health spending — under control?
    By Robert J. Samuelson; The Washington Post ~ Dec 14, 2014

    42.9 million Americans have unpaid medical bills
    By Josh Boak; The Associated Press ~ Dec 14, 2014

    Senate cancels vote on Obama Social Security pick
    By Stephen Ohlemacher; The Associated Press ~ Dec 14, 2014

    Pension Bill Seen as Model for Further Cuts
    By John D. McKinnon; The Wall Street Journal ~ Dec 14, 2014

    A ‘Standard’ Tax Break for Seniors If You’re Older Than 65, Add $1,200 to Your Standard Federal Deduction
    By Tom Herman; The Wall Street Journal ~ Dec 14, 2014

    Identity theft victims face months of hassle
    By Brandon Bailey; The Associated Press ~ Dec 14, 2014

    Safeguard Your Social Security Number
    By Jennifer Waters; The Wall Street Journal ~ Dec 14, 2014

    In latest health care push, Obama urges ‘weekend warriors’ to sign up
    By Katie Zezima; The Washington Post ~ Dec 12, 2014

    6 decisions every investor must make
    By Paul A. Merriman; MarketWatch ~ Dec 13, 2014

    Gruber subpoenaed over ObamaCare contracts
    By Elise Viebeck; The Hill ~ Dec 12, 2014

    Republicans Dealt A Quiet Blow To O-Care In The CRomnibus
    By Dylan Scott; Talking Points Memo ~ Dec 12, 2014

    Many Obamacare Plans Set Out-Of-Pocket Spending Limits Below The Cap
    By Michelle Andrews; Kaiser Health News ~ Dec 12, 2014

    Experts: Expect Tax-Filing Chaos in 2015 Over Obamacare
    By Joel Himelfarb; Newsmax ~ Dec 12, 2014

    GOP approves David Vitter’s Obamacare amendment
    By Seung Min Kim & Burgess Everett; Politico ~ Dec 10, 2014

    Many Aren’t Seeking Cheaper Health Plans as First Deadline to Switch Nears
    By Abby Goodnough; The New York Times ~ Dec 11, 2014

    New way to promote ObamaCare: 7-Eleven
    By Sarah Ferris; The Hill ~ Dec 11, 2014

    Alcatel-Lucent's Turnaround is Gathering Speed
    From “JuhiKulkarni”; GuruFocus ~ Dec 11, 2014

    Alcatel-Lucent appoints Willem Hendrickx as president of Europe, Middle East and Africa operations
    Alcatel-Lucent Press Office

    Bell Labs announces winners for 2014 prize showcasing innovative ideas with the power to change communications
    Alcatel-Lucent Press Office

    Spending Bill Hits Snags, but Congress Thinks It Can Avoid Shutdown
    By Ashley Parker and Robert Peardec, New York Times – Dec 10, 2014

    Harry Reid: HealthCare.gov Glitches Are The Only Thing Holding Democrats Back
    By Sarah Hurtubise; The Daily Caller ~ Dec 10, 2014

    Dems sick of ObamaCare
    By A.B. Stoddard; The Hill ~ Dec 10, 2014

    Fox News Poll: Record 58 percent would repeal ObamaCare
    By Dana Blanton; Fox News ~ Dec 10, 2014

    Sebelius: People ‘Universally’ Oppose Obamacare, But We Just Need To Rebrand It
    By Sarah Hurtubise; The Daily Caller ~ Dec 10, 2014

    Insurers fire back over ObamaCare changes
    By Elise Viebeck; The Hill ~ Dec 10, 2014

    Many Senior Citizens Take Too Many Medicines -- Here's How To Fix It
    By Roy Beveridge, MD; Forbes ~ Dec 10, 2014

    Gruber Hides Behind Lawyers … Committee Plans Subpoena, Tells Gruber That He’ll Be Back To Testify Again
    By Patrick Howley; The Daily Caller ~ Dec 09, 2014

    Gruber: I Knew People Were Going To Lose Their Health Plans
    By Patrick Howley; The Daily Caller ~ Dec 09, 2014


    By Patrick Howley; The Daily Caller ~ Dec 08, 2014

    Don’t Get ObamaCare Scammed
    By Donna Fuscaldo; Fox Business ~ Dec 09, 2014

    Consumers May Miss Out On Subsidies Due To Uncertainty About Job-Based Coverage
    By Michelle Andrews; Kaiser Health News ~ Dec 09, 2014

    Obama Admits Amnesty Is For Many More Than 5 Million
    By Neil Munro; The Daily Caller ~ Dec 09, 2014

    Why The Older Americans Act Matters
    From Bob Blancato, NA; Forbes ~ Dec 09, 2014

    Senate Dems Take On Social Security Gender Gap
    By Rachel Stoltzfoos; The Daily Caller ~ Dec 09, 2014

    11 Fundamental Elements of a Stress-Free Estate Plan
    By Mark Eghrari; Forbes ~ Dec 09, 2014

    Key lawmakers seek pension changes
    By David Espo & Andrew Taylor; The Associated Press ~ Dec 08, 2014

    Will Jonathan Gruber Topple Obamacare?
    By David Nather; Politico ~ Dec 07, 2014

    Obamacare enrollment data comes under scrutiny
    By Gregory Korte; USA TODAY ~ Dec 08, 2014

    McConnell: Repealing Obamacare Could Be ‘Number One’ For New Senate
    By Sarah Hurtubise; The Daily Caller ~ Dec 08, 2014

    Health law impacts primary care doc shortage
    By Kelli Kennedy; The Associated Press ~ Dec 08, 2014

    5 Biggest Retirement Planning Changes for 2015
    From Jamie Hopkins; Forbes ~ Dec 08, 2014

    Older Americans a Pillar of Housing Market With High Ownership Rate
    By Alexis Leondis; Bloomberg ~ Dec 08, 2014

    Dems push for healthcare tax break
    By Bernie Becker; The Hill ~ Dec 06, 2014

    Whistleblower alleges agency cover-up over $300M ‘boondoggle’ to protect Obama nominee
    By Judson Berger; Fox News ~ Dec 06, 2014

    HHS asks GOP: Keep us away from Gruber
    By Elise Viebeck; The Hill ~ Dec 05, 2014


    By Michael Hiltzik; Los Angeles Times ~ Dec 05, 2014

    Labor Force Participation Remains at 36-Year Low
    By Ali Meyer; Cybercast News Service ~ Dec 05, 2014

    Dropping coverage of popular prescription drugs is sad and shameful
    By David Lazarus; Los Angeles Times ~ Dec 04, 2014

    Should You File Your Own Tax Return?
    By Bonnie Lee; Fox Business ~ Dec 04, 2014

    Average Affordable Care premiums going up in 2015
    By Ricardo Alonso-Zaldivar; The Associated Press ~ Dec 04, 2014

    Obama Administration Finally Admits Obamacare Premiums Are Rising
    By Sarah Hurtubise; The Daily Caller ~ Dec 04, 2014

    Who Is Getting ACA Insurance – And Who Isn’t
    By Julie Rovner; Kaiser Health News ~ Dec 04, 2014

    Enrollments Under Health Law Continue at Solid Pace
    By Robert Pear; The New York Times ~ Dec 04, 2014

    Big Changes in Fine Print of Some 2015 Health Plans
    By Charles Ornstein, Ryann Grochowski Jones & Lena Groeger; The New York Times ~ Dec 04, 2014

    Your ‘living will’: What happens if you change your mind?
    By Elizabeth O'Brien; MarketWatch ~ Dec 04, 2014

    Social Security nominee defends integrity, career
    By Stephen Ohlemacher; The Associated Press ~ Dec 04, 2014

    Flunking retirement readiness, and what to do about it
    By Mark Miller; Reuters ~ Dec 04, 2014

    Congress could soon allow pension plans to cut benefits for current retirees
    By Michael Fletcher, Washington Post – Dec. 4, 2014

    Obamacare Author: We Shouldn’t Have Passed Obamacare The Way We Did
    By Sarah Hurtubise; The Daily Caller ~ Dec 03, 2014

    17 States Take Obama to Court: You Are Trampling the Constitution
    By Terence P. Jeffrey; Cybercast News Service ~ Dec 03, 2014

    Opinion: A Bad Provision Even by ObamaCare Standards
    By Tom Coburn & Phil Roe; The Wall Street Journal ~ Dec 03, 2014

    New Medicare Rules Aim to Reduce Abuse
    By Janet Adamy; The Wall Street Journal ~ Dec 03, 2014

    Health spending up 3.6% for 2013
    By Russ Britt; MarketWatch ~ Dec 03, 2014

    Medicare Advantage enrollment deadline looms
    By Tom Murphy; The Associated Press ~ Dec 03, 2014

    Social Security nominee stalled over $300M project
    By Stephen Ohlemacher; The Associated Press ~ Dec 03, 2014

    Congress Poised to Reinstate Some Tax Breaks
    By Siobhan Hughes; The Wall Street Journal ~ Dec 02, 2014

    HP to sell Alcatel-Lucent network-enabled cloud solutions
    By Rachel King; ZDNet ~ Dec 03, 2014

    [HP Press Release] HP and Alcatel-Lucent Strengthen Global Alliance
    Alcatel-Lucent Press Office

    Alcatel-Lucent and Cinia Group to deploy 1,100 km undersea cable system linking Finland to Germany
    Alcatel-Lucent Press Office

    Sebelius: 'A lot of Americans have no idea what insurance is about'
    By Sarah Ferris; The Hill ~ Dec 02, 2014

    Consumers Will Pay More Out Of Pocket Next Year For Specialty Drugs
    By Julie Appleby; Kaiser Health News ~ Dec 02, 2014

    Aspirin can help prevent a second heart attack, but what about a first?
    By Jill U. Adams; The Washington Post ~ Dec 02, 2014

    Top Senate Republican sees possible major healthcare legislation
    By Richard Cowan; Reuters ~ Dec 02, 2014

    Older Americans say: Stay positive, seal the southern border
    By Dan Weber; The Hill ~ Dec 02, 2014

    The interview: Marcus Weldon, CTO, Alcatel-Lucent, and president, Bell Labs
    By John Kennedy; Silicon Republic ~ Dec 02, 2014

    HealthCare.gov’s insurance marketplace for small businesses gets off to a slow start
    By Amy Goldstein ; The Washington Post ~ Nov 30, 2014

    Roberts's Bid to Shield Court From Politics Is Imperiled by Obamacare
    By Greg Stohr; Bloomberg ~ Dec 01, 2014

    Study: $17B tax hike from Obama Web rules
    By Julian Hattem; The Hill ~ Dec 01, 2014

    White House plans to force business to pay more overtime
    By Sean Higgins; Washington Examiner ~ Dec 01, 2014

    AlcaLu Virtualizes Mobile Malware Security
    By Sarah Reedy; Light Reading ~ Dec 01, 2014


    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 fall gathering of Teletype and Lucent people and friends was held on November 11th.
    The 52nd Annual Christmas Luncheon of the TELETYPE LIFE MEMBER CLUB was held on December 2nd. 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