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dan starr
Dan Starr of Tunes of Glory plays before start of the West Suburban Irish St. Patrick’s Day Parade in Naperville. (see article at right)

HISTORY CORNER FEATURES WECO

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Check out the History Corner tab for the 100 year history of the Western Electric Co. from 1869 to 1969.


LRO BOARD

LRO BOARD MEETS IN DALLAS

(backrow l. to r.) Andy Guarriello, Dan Lovatt, Gary Reichow, Joe Dombroski, John deCastro, Dick McMauley, Bob Janish (frontrow l.to r.)Eli Shaff, Joe Sciulli, Pam Rasmussen
(missing from photo) Frank Minter, Bob Martina, Ron Hoth, Paul Bayliss, Al Duscher

The SPRING NEWSLETTER will be released in June.

NEWSLETTER

THE FALL NEWSLETTER IS HERE

A few months back, we announced we were delaying our fall LRO Connecton Newsletter until the pension buyout was completed and we could provide more information on the take. We now are ready to release the newsletter, and it may be accessed by clicking here.

Included in this issue's Pension Column is a summary of buyout actvivity along with a discussion of likely future scenarios. We also have included information on the pending merger of Nokia and Alcatel-Lucent with some information on management appointees to head the new combined Nokia company.

Our History Corner article features the Columbus Works, and we also have included a light story called The Black Telephone which we hope you will enjoy.

Best wishes to all as we approach the holiday season.


SPECIAL NOTICES TO MEMBERS

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WEBSITE FEATURES

THE HISTORY CORNER

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 encourage family members and friends to take advantage of this service.


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ALCATEL-LUCENT REPORTS 2015 EARNINGS

This summary will seek to provide our retirees with information concerning the events of 2015 that effected our pension plan. A-L reported a net income for 2015 of 286 million euros. Included in that number is income of 404 million euros that resulted primarily from the pension buyout.

The 404 million euros is the result of a reduction of $ 5.7 billion in pension obligations and $ 5.2 billion in pension assets. The simple explanation is that ALU determined the reduction in obligations from their accounting records which in 2014 had increased obligations resulting from new actuarial tables which indicated increased life expectancy. However, in calculating the lump sum they used the old actuarial tables with shorter life expectancies and therefore used about $ 500 million less assets in buying out the existing pension annuity obligations for those who accepted the lump sum offer offer.

Therefore, absent the lump sum offer that paid retirees an amount less than indicated on their accounting records their reported profit would have been a loss.

The funding level of our management plan increased from 95.3% in 2014 to 102% in 2015. At the end of 2015 Pension obligations were $17.2 billion and assets were $17.6 billion. In 2014 Pension obligations were $21.1 billion and assets were $20.1billion. Therefore obligations were reduced by about $4 billion and assets by $2.5 billion. Included in these numbers are transfers of 20,000 retirees from the formerly represented plan to the management plan. This transfer increased management plan assets by $2.9B and obligations by $1.7B. Without this transfer, the funding level of the management plan, on an accounting basis, would have decreased from 95.3% in 2014 to 93.5% at the end of 2015. Since 2010, Alcatel Lucent has transferred 68,000 formerly represented into the management plan. Most likely, formerly represented retirees now exceed the number of management retirees in our plan.

The formerly represented plan had obligations of $4.0 billion and assets of $5.9 billion in 2015 for a funding ratio of 146%. It had $ 8.0 billion in obligations and $11.1 billion in 2014 for a funding ratio of 140%. Note that the change in assets in the formerly represented plan ($11.1 to $5.9) is greater than the change in obligations ($8billion to $ 4billion) which suggests that the transfers had a greater effect than the lump sum.

Although the company offered the lump sum to some 85,000 retirees and 26,000 accepted, they have not offered any breakdown of the acceptances between management and formerly represented.

As always, if you have questions about this summary please email fcminter@aol.com.


The LRO has received the following information concerning YBR ( your benefit resources) which will be of interest to our members

Alcatel-Lucent DB W2 and 1099R Tax forms for 2015 have been mailed by Benefit Payroll Services (BPS).

  • W2s (for Non-Qualified Payments and Imputed Income) were mailed on January 22, 2016
  • 1099Rs (for Qualified Payments) were mailed on January 26, 2016

The 1042Ss Tax forms (for Qualified Payments to participants with a Foreign Address) have not yet been mailed but will be mailed postmarked by February 1, 2016.

Effective February 1, 2016, participants will be able to view and print their 2015 tax forms from YBR directly.

For participants who are unable to use YBR to reprint their tax forms, an option will be available on Access Direct from February 11, 2016 to April 15, 2016 for participants to choose to have their tax form re-mailed to their address of record. Customer Service Representatives will also assist participants with requests for tax form reprints beginning on February 11, 2016 and will continue to assist participants after April 15, 2016.

The following message has been on Access Direct since January 22, 2016 and will play until February 10, 2016:

“If you are calling about your 2015 Tax Form for the Pension plan and/or 401(k) plan, it will be mailed by 1/31/2016. Please allow 7-10 days for normal mail delivery. Tax forms for the Pension or 401(k) Plan may also be reprinted from the Your Benefits Resources website beginning on February 1st. For the 401(k) Savings Plan, choose the Past Withdrawals page from the 401(k) drop down menu. For the Pension Plan, choose Future Payments page from the Pension drop down menu.”

The following message will play on Access Direct from February 11, 2016 to April 15, 2016:

“A copy of your 2015 Tax Forms can be printed by accessing the Your Benefits Resources web site. For the 401(k) Savings Plan, choose the Past Withdrawals page from the 401(k) drop down menu. For the Pension Plan, choose Future Payments page from the Pension drop down menu. If you do not have access to Your Benefits Resources, you can have a copy mailed to your address of record by selecting Tax Form Reprints on the Retirement and Investments menu. Requested forms will be mailed within 2 business days. Please allow 7-10 business days for mailing.”

BUYOUT CLAIMS (2/11/16)

The following information from A-L is of interest to our members who have claims involving the lump sum offer. We suggest that you not call for status of your claim.

The company has 90 days to review and decide claims. However we can take an additional 90 days as necessary for a total of 180 days. For the claims that came in first that were closing in on 90 days those claimants received notices sent to indicate an additional 90 days would be necessary.
For claims that came in later they all were sent acknowledgement of claim receipt that explains this timing. In these cases if they get near the first 90 days they will also get an extension letter to indicate an additional 90 days is necessary. We will be providing no other updates until the claim is actually decided in which case they will receive a claim response letter.

Over 500 Retirees Attend LRO Naperville Meeting

Chicago area Lucent retirees were out in force to attend the meeting with LRO leaders on Tuesday, June 23rd. Slides from the event are below.

llJoe Dombrowsky - Welcome       ll Bob Martina - Legislative

hoth Ron Hoth - Healthcare      duscher Frank Minter - Pensions      minter - Lump Sum

RETIREE NEWS

Survey: Obamacare Disapproval Surges
By Kimberly Leonard; US News & World Report ~ Apr 27, 2016

Obama administration takes step to reform Medicare payments
By Peter Sullivan; The Hill ~ Apr 27, 2016

PBGC offers sponsors a break on penalties
By Hazel Bradford; Pensions & Investments ~ Apr 27, 2016

The average American has this much retirement income
By Jeremy Bowman, TMF; 13NewsNow ~ Apr 27, 2016

Opinion: Say goodbye to the golden age of stock and bond returns
By Brett Arends; MarketWatch ~ Apr 27, 2016

Americans' Biggest Financial Fears
From Mike Patton; Forbes ~ Apr 27, 2016

How Americans Blow $1.7 Trillion in Retirement Savings
By Ben Steverman; Bloomberg ~ Apr 27, 2016

Ruling Expected Soon On Little-Known Case That Could Cause Major Problems For ObamaCare
By John Merline; Investor’s Business Daily ~ Apr 26, 2016

Here's How Drug Prices Actually Work
By Lauren Silva Laughlin; Fortune ~ Apr 26, 2016

Nokia is betting big on the internet of things, with a $191 million acquisition
By Joon Ian Wong; Quartz ~ Apr 26, 2016

Finding Safe and Effective Pain Relief
By Nancy LeBrun; CNN ~ Apr 26, 2016

Plan ahead: 64% of Americans don't have a will
By Jeff Reeves; USA TODAY ~ Apr 26, 2016

Obamacare disaster will be Obama’s enduring domestic legacy
By Marc A. Thiessen; The Washington Post ~ Apr 25, 2016

New Obamacare Study Considers What Happens When Generous Government Subsidies End
From Brian Blase; Forbes ~ Apr 25, 2016

Hospitals, insurers, seniors demand action to lower prescription-drug costs
By Laurie McGinley; The Washington Post ~ Apr 25, 2016

87% of Americans Want Medicare to Have This Power, but the Federal Government Disagrees
By Sean Williams; The Motley Fool ~ Apr 24, 2016

Get Pumped: The Good News About Your Blood Pressure
By Sam Becker; The Cheat Sheet ~ Apr 24, 2016

Fountain of Youth? Drug Trial Has Seniors Scrambling to Prove They’re Worthy
By Jennifer Levitz; The Wall Street Journal ~ Apr 24, 2016

It's Thunderstorm Season: Here's How To Protect Your PC
From Brad Moon; Forbes ~ Apr 24, 2016

April 24 To Mark National Tax Freedom Day
By Eric Scheiner; Cybercast News Service ~ Apr 22, 2016

The High Fees You Don’t See Can Hurt You
By Jeff Sommer; The New York Times ~ Apr 23, 2016

Disappearing pensions hurt U.S. economy as well as workers
By Michael Molinski; USA TODAY ~ Apr 23, 2016

Obamacare Adviser: UnitedHealth Is Pulling Out Because Patients Were Too Sick
By Steve Guest; The Daily Caller ~ Apr 22, 2016

GOP group submits ObamaCare replacement plan
By Peter Sullivan; The Hill ~ Apr 22, 2016

Medicare aims to foster critical care talks with doctors
By Tom Murphy; The Associated Press ~ Apr 20, 2016

Nokia + AlcaLu 2015: A Financial Retrospective
By Ray Le Maistre; Light Reading ~ Apr 22, 2016

ObamaCare Enrollment Sinks 12% In 3 States Since Feb.
By Jed Graham; Investor’s Business Daily ~ Apr 21, 2016

Get Ready for Huge Obamacare Premium Hikes in 2017
By Eric Pianin; The Fiscal Times ~ Apr 21, 2016

CMS proposes raising payment rates for hospice, skilled nursing and rehab
By Virgil Dickson , Harris Meyer & Lisa Schencker; Modern Healthcare ~ Apr 21, 2016

How Medicare Penalizes Hospitals for Being Too Careful
By Jordan Rau; The New York Times ~ Apr 21, 2016

Presidential Candidates Not Addressing Aging and Retirement
By Rebecca Moore; Plansponsor ~ Apr 21, 2016

Health Care's Waiting Room Problem
From A. Gary Shilling; Forbes ~ Apr 21, 2016

Obama’s New Rule On Retirement Planning Faces Its Latest Hurdle
By Juliegrace Brufke; The Daily Caller ~ Apr 21, 2016

Can an annuity act as your pension plan?
By Jeff Reeves; USA TODAY ~ Apr 21, 2016

Medicare Delays New Consumer Hospital Ratings After Outcry
By Steve Sternberg; US News & World Report ~ Apr 20, 2016

Here’s how UnitedHealth’s Obamacare retreat does — or doesn’t — affect you
By Emma Court; MarketWatch ~ Apr 20, 2016

Feds Blow Off House Subpoena For Obamacare Co-Op Docs
By Kathryn Watson; The Daily Caller ~ Apr 20, 2016

GOP Congressman: IRS Too Busy Spying On Americans To Do Its Job
By Kathryn Watson; The Daily Caller ~ Apr 20, 2016

One of the nation’s largest pension funds could soon cut benefits for retirees
By Jonnelle Marte; The Washington Post ~ Apr 20, 2016

Nokia-Alcatel Combo Boosts Operating Income
By Michael Genovese; Barron’s ~ Apr 20, 2016

Five Things ACA Supporters Don't Want You To Know About UnitedHealth's Withdrawal From Obamacare
From Michael F. Cannon; Forbes ~ Apr 19, 2016

UnitedHealth's Obamacare Exit Adds Pricing Pressure on Rivals
By Caroline Humer, RNS; The New York Times ~ Apr 19, 2016

UnitedHealth to trim ACA exchanges to 'handful' of states
By Tom Murphy; The Associated Press ~ Apr 19, 2016

Insurers, Drugmakers Want to Exchange Info on Specialty Drugs
By Caitlin Owens; Morning Consult ~ Apr 19, 2016

Three GOP senators co-sponsor resolution to kill DOL fiduciary rule
By Christine Idzelis; InvestmentNews ~ Apr 18, 2016

45 Percent of Americans Won't Pay Federal Income Tax
Newsmax ~ Apr 18, 2016

Competition Suffers Most If UnitedHealth Exits Obamacare In 2017: Analysis
By Phil Galewitz; Kaiser Health News ~ Apr 18, 2016

Communicating With The 'Consumer' v. The 'Patient' In Healthcare
From Joanna Belbey; Forbes ~ Apr 18, 2016

Obamacare Expanding Coverage for the Poor, Study Finds
By Karen Pallarito; US News & World Report ~ Apr 18, 2016

Obamacare is helping a lot of people. Not everyone thinks that’s good news.
By Paul Waldman; The Washington Post ~ Apr 18, 2016

Nokia launches new CloudBand software portfolio NFV portfolio includes best of Alcatel-Lucent, Nokia
By Monica Alleven; FierceWirelessTech ~ Apr 18, 2016

This May Mark the Beginning of the End for Obamacare
By Sean Williams; The Motley Fool ~ Apr 17, 2016

Medicare's 'Innovation Center' rebalancing quality and cost
By Ricardo Alonso-Zaldivar; The Associated Press ~ Apr 17, 2016

Is the U.S. government gambling with your health care?
By Dan Taylor; MorningTicker ~ Apr 17, 2016

Irate Over Taxes? IRS Progress on Cybersecurity Will Only Make You Angrier
By Robert Hackett; Fortune ~ Apr 16, 2016

Got Questions About Your Pension? Try These Helplines.
By Ashlea Ebeling; Forbes ~ Apr 16, 2016

Poll: Americans happy at home, upset with federal government
By Tammy Webber & Emily Swanson; The Associated Press ~ Apr 16, 2016

ObamaCare Is Fueling America’s Opioid Epidemic?!
By John Merline; Investor’s Business Daily ~ Apr 15, 2016

Should Medicare Add A Long-Term Care Benefit?
From Howard Gleckman; Forbes ~ Apr 15, 2016

As drug costs rise, a few bright spots appear for payers
By Leslie Small; FierceHealthPayer ~ Apr 15, 2016

PillPack vs. Express Scripts: When business turns ugly, people suffer
By Sara Ashley O'Brien ; CNN ~ Apr 15, 2016

Retirement Planners Call Each Other Ignorant And Badly Trained
By David Seidman; Investor’s Business Daily ~ Apr 15, 2016

EXCLUSIVE: Taxpayers Rank Obamacare As Worst Government Mandate
By Juliegrace Brufke; The Daily Caller ~ Apr 14, 2016

Employer health benefits for U.S. retirees keep declining
By Mark Miller; Reuters ~ Apr 14, 2016

US Prescription Drug Spending Reached a Record $310 Billion Last Year
By Eric Pianin; The Fiscal Times ~ Apr 14, 2016

Study: Public Increasingly Appreciates Health Law, But Likability Remains Rooted In Politics
From KHN Morning Briefing; Kaiser Health News ~ Apr 14, 2016

Survey finds retirement savings stunted by healthcare costs
By Emily Rappleye; Becker’s Hospital CFO; ~ Apr 14, 2016

Hatch: IRS is 'most feared federal agency in the country'
By Naomi Jagoda; The Hill ~ Apr 14, 2016

Don't rely on the 4% rule for your retirement
By Carlos Dias Jr.; MarketWatch ~ Apr 14, 2016

Nokia warns wireless network rollouts not keeping pace with demand
By Nick Wood; Total Telecom ~ Apr 14, 2016

Study Blasts Obamacare’s Menu Mandates As Having Zero Impact On Obesity
By Guy Bentley; The Daily Caller ~ Apr 13, 2016

S&P says Medicare Advantage issuers will be fine
By Allison Bell; LifeHealthPro ~ Apr 13, 2016

Drug plan hit with backlash
By Sarah Ferris; The Hill ~ Apr 12, 2016

New Medicare Primary Care Payment Initiative Designed To Switch Incentives
From KHN Morning Briefing; Kaiser Health News ~ Apr 12, 2016

HHS report: Dire warnings of ObamaCare price spikes wrong
By Peter Sullivan ; The Hill ~ Apr 12, 2016

Senators say IRS must better protect taxpayer data
By Meggie Morris, MNS; USA TODAY ~ Apr 12, 2016

IRS Commissioner: ‘More Than 1 Million Malicious Attempts’ to Access IRS Computers Daily
By Melanie Hunter; Cybercast News Service ~ Apr 12, 2016

It’s Still Open Season On Retirement Plan Participants
By Dan Solin; Huffpost Business ~ Apr 12, 2016

When you should hire a tax pro
By Daniel Goldstein; MarketWatch ~ Apr 12, 2016

THE FINAL FIDUCIARY RULE: WHAT DO PLAN SPONSORS NEED TO KNOW?
By Andrea L. Ben-Yosef, Bloomberg BNA – April 8, 2016

The 8 Obamacare Co-Ops Most Likely To Fail This Year
By Richard Pollock ; The Daily Caller ~ Apr 10, 2016

Warning: Medicare May Be Bad for Your Heart
By Scott Gottlieb; The Wall Street Journal ~ Apr 11, 2016

A Real-Life Tax Scam: This Is What IRS Phone Fraud Sounds Like
By Aarti Shahani; NPR ~ Apr 11, 2016

Roboadvisers set to capitalize under new U.S. retirement plan rule
By Tariro Mzezewa; Reuters ~ Apr 11, 2016

Medicare payment plan on cancer drugs sparks furious battle
By Ricardo Alonso-Zaldivar; The Associated Press ~ Apr 10, 2016

The new math on reverse mortgages
By Robert Powell; MarketWatch ~ Apr 10, 2016

What Are the Income Limits Where I Forfeit Social Security Benefits?
By Matthew Frankel; The Motley Fool ~ Apr 10, 2016

Deciding where home is can be a key question to the aging process
By Chris Farrell; Star Tribune ~ Apr 09, 2016

CEO Chat With Nokia's Steve Vogelsang
By Steve Saunders; Light Reading ~ Apr 09, 2016

UnitedHealth Quitting Obamacare Markets in Georgia, Arkansas
By Zachary Tracer; Bloomberg ~ Apr 08, 2016

Prices And Health Care Quality: Many Consumers Don’t See A Link
By Michelle Andrews; Kaiser Health News ~ Apr 08, 2016

5 ways to become a smaller target for ransomware hackers
By Tami Abdollah; The Associated Press ~ Apr 08, 2016

Editorial: Retirement Savings Made Safer
By The Editorial Board; The New York Times ~ Apr 07, 2016

Uninsured Rate Hits New Low, but Obamacare’s Still a Hot Potato
Eric Pianin, The Fiscal Times – April 7, 2016

Allyson Schwartz Is Medicare Advantage’s Ambassador
By Caitlin Owens, MorningConsult – April 7, 2016

Older Voters Demand Leadership on Social Security From Next President: AARP Poll
ThinkAdvisor – April 7, 2016

11 ways to cut your taxes in retirement
By Andrea Coombes, MarketWatch – April 7, 2016

Nokia embarks on a round of job cuts as part of its post-merger restructuring
By Alex Scroxton, Computer Weekly – April 7, 2016

Why Ford Beat General Motors in U.S. Sales Last Month
By John Rosevear, Motley Fool – April 6, 2016

Women Bear the Burden of Retirement Health Care
By Jason Notte, MainSt – April 6, 2016

Keeping drug costs down in retirement
Sharon Epperson, CNBC – April 6, 2016

Labor Department rule sets new standards for retirement advice
By Jonnelle Marte, Washington Post – April 6, 2016

Will change come to the Social Security Windfall Elimination Provision?
By Jason J. Fichtner, MarketWatch – April 5, 2016

How Obamacare Just Made Filing Your Taxes Worse
By Nathan Nascimento, Time – April 5, 2016

Boomers: Retirement Income
By Dee Lee, CBS Boston – April 5, 2016

Recent Trends in Prescription Drug Costs
By Cynthia Cox, MPH; Rabah Kamal; Anne Jankiewicz; David Rousseau, MPH ; for the Kaiser Family Foundation

Exclusive: Makers took big price increases on widely used U.S. drugs
By Caroline Humer, Reuters – April 5, 2016

Analysis uncovers huge spike in prescription drug prices
CBS News – April 5, 2016

Federal Regulators Issue Medicare Advantage Rates for 2017
By Louise Radnofsky and Stephanie Armout, Wall Street Journal - April 4, 2016

Sicker Patients Seem at a Disadvantage With Medicare Advantage
By Austin Frakt, New York Times – April 4, 2016

8 Important Questions To Ask Yourself Before Moving In Retirement
By Nancy Anderson, Forbes – April 4, 2016

4 Jaw-Dropping Stats About Retirement
Motley Fool – April 4, 2016

Saving for Retirement? The Rulebook Is About to Change
By Jason Zweig, Wall Street Journal – April 4, 2016

Discounted Prescription Drugs Could Save Patients From Making Deadly Medical Decisions
CBS News – March 29, 2016

The Federal Government's $146 Billion Obamacare Boo-Boo
The Motley Fool ~ Apr 03, 2016

Global research sees statin benefits in lower risk patients
By Lindsey Tanner; The Associated Press ~ Apr 02, 2016

9 Social Security facts every retiree should know
By Todd Campbell, TMF; USA TODAY ~ Apr 03, 2016

That dirt-cheap car insurance quote can wind up costing you
By Alex Glenn; USATODAY ~ Apr 03, 2016

UnitedHealth wagers $65 million on ounce of primary-care prevention
KHOU ~ Apr 02, 2016

Under pressure to digitize everything, hospitals are hackers’ biggest new target
By Carolyn Y. Johnson & Matt Zapotosky; The Washington Post ~ Apr 01, 2016

Insurers cut commissions to restrict when and what plans people buy
By Jayne O'Donnell; USA TODAY ~ Mar 31, 2016

ObamaCare Keeps Our Health System In A State Of Emergency
By Sally Pipes; Investor’s Business Daily ~ Apr 01, 2016

What to do if you inherit an IRA
By Bill Bischoff; MarketWatch ~ Apr 01, 2016

U.S. to unveil retirement advice rule next week: source
By Lisa Lambert & Tariro Mzezewa; Reuters ~ Apr 01, 2016

Social Security Woes Deepen As Talk Of Fix Recedes
By Jed Graham; Investor’s Business Daily ~ Apr 01, 2016

Nokia CEO gets 5% pay raise for Alcatel/Lucent deal
By Dominic Chopping; MarketWatch ~ Apr 01, 2016

Medicare opens new push on hip, knee replacement
By Ricardo Alonso-Zaldivar; The Associated Press ~ Mar 31, 2016

One Big Insurer Explains Why Obamacare Premiums Are Rising So Much
By Millie Dent; The Fiscal Times ~ Mar 31, 2016

Millions Of Consumers Get New Health-Law Tax Form
From KHN Morning Briefing; Kaiser Health News ~ Mar 31, 20

Reflecting on Six Years of Obamacare
By Larry Harris Jr.; HuffPost Politics ~ Mar 31, 2016

New ‘Fiduciary’ Rule on Financial Advisers to Be Unveiled April 6
By Dave Michaels; The Wall Street Journal ~ Mar 31, 2016

U.S. Senator seeks investigation of insurers over retirement rule
Reuters ~ Mar 31, 2016

Corporate Pensions Seek Protection Against PBGC Hikes
By Amy Whyte; Chief Investment Officer ~ Mar 03, 2016

Confirmed: Doctors who take pharma money twice as likely to prescribe brand-name drugs
By JoNel Aleccia and Justing Mayo, Seattle Times – March 18, 2016

Tainted drugs may still be in U.S. almost a decade after deaths
By Anna Edney, Bloomberg in Chicago Tribune – March 30, 2016

This Workplace Perk Is Slowly Going Extinct
By Laura Lorenzetti ; Fortune ~ Mar 30, 2016

Report details costs, challenges of ACA's newly insured
By Tom Murphy; The Associated Press ~ Mar 30, 2016

House GOP subpoenas ObamaCare docs
By Peter Sullivan; The Hill ~ Mar 29, 2016

Is your doctor trustworthy? Past records tough to find, experts say
From HealthDay News; United Press International ~ Mar 29, 2016

Report: The IRS Isn’t Doing Enough To Protect Your Sensitive Information
By Juliegrace Brufke; The Daily Caller ~ Mar 29, 2016

PhRMA takes proactive strategy to Capitol Hill
By Sarah Ferris; The Hill ~ Mar 28, 2016

The Difficult, Delicate Untangling of Our Parents’ Financial Lives
By William Power; The Wall Street Journal ~ Mar 27, 2016

World's senior population forecast to boom by 2050
From HealthDay News; United Press International ~ Mar 28, 2016

Faster approval of generic drugs could cut high prescription costs
By Andrew Yarrow, Baltimore Sun – March 27, 2016

As life spans rise, healthy retirees need even healthier savings
By Russ Wiles, TAR; USA TODAY ~ Mar 26, 2016

Tax scams are on the rise, but the IRS is catching up
By Olivia Lowenberg; The Christian Science Monitor ~ Mar 25, 2016

LATEST BATTLEFRONT FOR CLOSING HEALTH INSURANCE CO-OPS? THE COURTS
By Matthew Loughran; Bloomberg BNA ~ Mar 25, 2016

Why Prescription Drugs Aren’t Part of Obamacare
By Caitlin Owens ; Fortune ~ Mar 24, 2016

Opinion: 7 Obamacare failures that have hurt Americans
By Diana Furchtgott-Roth; MarketWatch ~ Mar 25, 2016

Prescription costs underscore retirees' need for more money
By Marlene Y. Satter; BenefitsPro ~ Mar 25, 2016

Employers to drop millions from health care plans as Obamacare premiums spike, CBO projects
By Stephen Dinan; The Washington Times ~ Mar 24, 2016

States Are Ignoring Federal Ban Against Giving Illegals Obamacare Benefits
By Rachel Stoltzfoos ; The Daily Caller ~ Mar 25, 2016

CBO: Cost of ObamaCare subsidies climbs by 11 percent
By Sarah Ferris; The Hill ~ Mar 24, 2016

CBO trims tally for ObamaCare enrollment
By Sarah Ferris; The Hill ~ Mar 24, 2016

Budget scorekeeper: Obamacare costs rising as more enroll in Medicaid
By Kelsey Snell; The Washington Post ~ Mar 24, 2016

Medicare Officials Halt Proposal to Penalize Doctors for Some Prostate Cancer-Screening Tests
By Melinda Beck; The Wall Street Journal ~ Mar 24, 2016

Health Insurance Premiums Rising Faster Than Wages
By Ali Meyer; The Washington Free Beacon ~ Mar 23, 2016

Social Security And The Blame Game
By Brenton Smith, Forbes – March 22, 2016

U.S. wealth managers grit teeth and prepare for Labor rule
By Tariro Mzezewa; Reuters ~ Mar 23, 2016

Medicare Proposes Expansion Of Counseling Program For People At Risk Of Diabetes
By Mary Agnes Carey; Kaiser Health News ~ Mar 23, 2016

Anthem sues Express Scripts over prescription drug pricing
By Carolyn Y. Johnson; The Washington Post ~ Mar 21, 2016

Obamacare Was Going to Lower Health Care Costs. What Actually Happened.
By Robert Moffit; The Daily Signal ~ Mar 22, 2016

Disputed health law rule would broaden transgender rights
By Ricardo Alonso-Zaldivar; The Associated Press ~ Mar 22, 2016

Proposed Gov’t Reg Could Pose Major Threat To Small Business Retirement Plans
By Juliegrace Brufke; The Daily Caller ~ Mar 22, 2016

Once-Empty Bell Labs Building Revived as New Jersey Tech Hub
By David M Levitt; Bloomberg Business ~ Mar 22, 2016

Many seniors using dangerous drug combinations
By Ashley Welch; CBS News ~ Mar 21, 2016

White House to lay out 'next chapter' for ObamaCare
By Sarah Ferris; The Hill ~ Mar 21, 2016

Health insurance gains due to Obama's law, not economy
By Ricardo Alonso-Zaldivar; The Associated Press ~ Mar 21, 2016

The high cost of seniors' soaring Rx drug use
By Steve Vernon; CBS News ~ Mar 21, 2016

Repealing Obamacare Lawmaker's Main Mission
By Joyce Frieden; MedPage Today ~ Mar 21, 2016

ObamaCare Turns 6 — $55 Billion In Waste, So Far
An Editorial; Investor’s Business Daily ~ Mar 21, 2016

Obamacare for the 401(k) world?
By Robert L. Reynolds; The Hill ~ Mar 21, 2016

Pressures rising for fiduciaries on company stock in 401(k) plans
By Robert Steyer; Pensions & Investments ~ Mar 21, 2016

Want to live longer after retirement? Be social
By Leslie Mann; Chicago Tribune ~ Mar 21, 2016

Will Social Security Really Run Out of Money?
By Sarah Max; Money ~ Mar 21, 2016

You can make a lot of money with retirement account catch-up contributions
By Bill Bischoff; MarketWatch ~ Mar 21, 2016

Obamacare To Go Before Supreme Court Again This Week
By Casey Harper; The Daily Caller ~ Mar 20, 2016

The annual Medicare Advantage dance avoids the bigger issues of entitlements
By Editorial Board; The Washington Post ~ Mar 20, 2016

Will Social Security Last Until I Retire?
Motley Fool – March 18, 2016

Fact or Fiction: Obamacare Is a Job Killer
By Sean Williams; The Motley Fool ~ Mar 19, 2016

Student researchers find mixed results with Affordable Care Act
By Sarah J. Ketchum; Daily Press ~ Mar 18, 2016

Editorial: Medicare's big drug test
By Editorial Board; Chicago Tribune ~ Mar 18, 2016

GAO: Government Must Crack Down On Health Law Subsidy Fraud
From KHN Morning Briefing; Kaiser Health News ~ Mar 18, 2016

Coinsurance Trend Means Seniors Likely To Face Higher Out-Of-Pocket Drug Costs, Report Says
By Michelle Andrews; Kaiser Health News ~ Mar 18, 2016

No clear path to government-lowered drug prices
By Matthew Perrone; The Associated Press ~ Mar 18, 2016

In a fight between nurses and doctors, the nurses are slowly winning
By Lydia DePillis; The Washington Post ~ Mar 18, 2016

Medicare Advantage a Model for Savings, Panel Chairman Says
By Michael D. Williamson; Bloomberg BNA ~ Mar 17, 2016

Is a mandatory U.S. retirement saving plan in your future?
By Mark Miller; Reuters ~ Mar 17, 2016

Long-Term Care Insurance: Less Bang, More Buck
By Barbara Feder Ostrov; Kaiser Health News ~ Mar 17, 2016

ObamaCare’s ‘Cadillac Tax’ Will Hit Chevy-Class Families Hardest, Study Finds
By John Merline; Investor’s Business Daily ~ Mar 15, 2016

House Budget Chair: ‘Republicans Are Not The Threat To Seniors’ Health Care’
By Juliegrace Brufke; The Daily Caller ~ Mar 16, 2016

Should I move my $500,000 retirement stash into annuities?
By Walter Updegrave ; CNNMoney ~ Mar 16, 2016

LPL lowers minimums, cuts fees to prepare for fiduciary rule
By Tariro Mzezewa; Reuters ~ Mar 16, 2016

Bell done: Nokia delivers super-speedy 100Gbps links fresh from the Labs
By Richard Chirgwin; The Register ~ Mar 16, 2016

Big Pharma's reach
Houston Chronicle ~ Mar 15, 2016

Obamacare Repeal Tops Budget Committee’s 2017 Blueprint
By Juliegrace Brufke; The Daily Caller ~ Mar 15, 2016

Three Changes Consumers Can Expect In Next Year’s Obamacare Coverage
By Julie Appleby; Kaiser Health News ~ Mar 15, 2016

2016 seen as critical year for insurance co-ops as Senate subcommittee presses CMS on failures
By Susan Morse; Healthcare Payer News ~ Mar 15, 2016

It's Scarily Easy To Get A Surprise Medical Bill, Even When You're Insured
By Jeffrey Young; The Huffington Post~ Mar 14, 2016

Express Scripts says U.S. drug spending rose 5.2 percent in 2015
By Caroline Humer; Reuters ~ Mar 14, 2016

Opinion: The ugly truth about Obama’s ‘pretty darn great’ economy
By Deroy Murdock; New York Post ~ Mar 13, 2016

Rattled by drug price increases, hospitals seek ways to stay on guard
By Brady Dennis; The Washington Post ~ Mar 13, 2016

Thousands turn out for annual Naperville St. Patrick's parade
By Alex Keown; Naperville Sun ~ Mar 12, 2016

David And Goliath: Meet The Nine Nuns Taking Obamacare To The Supreme Court
By Casey Harper; The Daily Caller ~ Mar 12, 2016

Thinking About Health: Drug coupons mask the real price of medicines
By Trudy Lieberman; Craig Daily Press ~ Mar 11, 2016

Voter anger over surging prescription drug costs has generated a campaign issue
By Melanie Mason; Los Angeles Times ~ Mar 12, 2016

Tackle these 3 risks to avoid a nursing home
By Elizabeth O'Brien; MarketWatch ~ Mar 11, 2016

2015 ObamaCare enrollment falls slightly short of target
By Peter Sullivan; The Hill ~ Mar 11, 2016

The High Cost of a Healthy Life
By Eleanor Laise; Kiplinger ~ March 2016

The Warning Signs the Obama Administration Ignored About Now Failed Co-Ops, Senate Report Says
By Melissa Quinn; The Daily Signal ~ Mar 10, 2016

Report: Proposed Cuts to Medicare Advantage Would Increase Costs, Decrease Choice for Seniors
By Ali Meyer; The Washington Free Beacon ~ Mar 09, 2016

GOV’T GREED: Docs, Hospitals May Go Unpaid In Co-Op Flops
By Richard Pollock; The Daily Caller ~ Mar 09, 2016

Health chairman: Drug pricing could come up in innovation bill
By Peter Sullivan; The Hill ~ Mar 09, 2016

Slashing incentives to prescribe expensive drugs
By Dan Gorenstein; Marketplace ~ Mar 09, 2016

Banks now giving customers access to credit scores for free
By Ken Sweet; The Associated Press ~ Mar 09, 2016

When you should hire a tax pro
By Daniel Goldstein; MarketWatch ~ Mar 09, 2016

Health law fines double for many uninsured at tax time
By Ricardo Alonso-Zaldivar; The Associated Press ~ Mar 08, 2016

Medicare to Experiment With New Drug Pricing for Doctors, Hospitals
By Steve Sternberg; US News & World Report ~ Mar 08, 2016

U.S. health agency estimates 2015 prescription drug spend rose to $457 bln
By Caroline Humer; Reuters ~ Mar 08, 2016

Here's how debt can wreck your retirement
By Maurie Backman, TMF; USA TODAY ~ Mar 08, 2016

10 homeowner tax breaks you should be taking advantage of
By Daniel Goldstein; MarketWatch ~ Mar 08, 2016

You've never heard of the powerful doctors making decisions about your health
By Lena H. Sun; The Washington Post ~ Mar 07, 2016

Timing of DOL study on retirement savings draws rebuke from senators
By Mark Schoeff Jr.; InvestmentNews ~ Mar 07, 2016

Are Retirement Plan Fiduciaries Required to Prevent Cyberattacks?
By Danielle Andrus; ThinkAdvisor ~ Mar 07, 2016

Here’s Why the IRS Could Lose Your Tax Information
By Janna Herron; The Fiscal Times ~ Mar 07, 2016

Obamacare's $1.4 Billion Mistake Could Grow Even Larger
By Sean Williams; The Motley Fool ~ Mar 06, 2016

Group: Millions face overwhelming long-term care costs
By Gail Marksjarvis, CT; The Detroit News ~ Mar 06, 2016

A Blow to Health Care Transparency
By Charles Ornstein, ProPublica; Boise Weekly ~ Mar 06, 2016

Is a fixed-index annuity smart or safe?
By Robert Powell; USA TODAY ~ Mar 06, 2016

The Giant Health-Care Gap Obamacare Didn't Fill
By Chad Stone; US News & World Report ~ Mar 04, 2016

Savers battle to keep emergency fund filled
By Chris Taylor; Reuters ~ Mar 05, 2016

5 Mistakes You Should Never Make When Filing Taxes
CheatSheet ~ Mar 05, 2016

For Older Borrowers, Being Thrifty Can Tarnish a Credit Score
By Fran Hawthorne; The New York Times ~ Mar 05, 2016

Obama Announces Health Law Enrollment Hits 20 Million
From KHN Morning Briefing; Kaiser Health News ~ Mar 04, 2016

Medicare hits payment-reform milestone
By Dan Diamond; Politico ~ Mar 04, 2016

Retirees Win Lengthy Pension Fight With Renco’s Ira Rennert
By Mary Williams Walsh; The New York Times ~ Mar 04, 2016

7 Ways Your Expenses Will Change in Retirement
By Emily Brandon; US News & World Report ~ Mar 04, 2016

The Retirement Revolution That Failed: Why the 401(k) Isn’t Working
By David Dayen; The Fiscal Times ~ Mar 04, 2016

41 States Saw Their Deductibles Go Up Under Obamacare In 2016
By Juliegrace Brufke; The Daily Caller ~ Mar 02, 2016

Aspirin use linked to lower risk for gastrointestinal cancers
By Stephen Feller; United Press International ~ Mar 03, 2016

Dangers lurk within health savings accounts for retirees
By Mark Miller; Reuters ~ Mar 03, 2016

Computer Use May Help Deflect Seniors' Memory Problems
By Alan Mozes, HD; US News & World Report ~ Mar 03, 2016

Pension Benefit Cuts Planned at T.V.A., Breaking a Federal Firewall
By Noam Scheiber, New York Times – March 3, 2016

Why too much guaranteed retirement income can be a bad thing
By Walter Updegrave; CNN ~ Mar 02, 2016

Administration Retreats On Rules For Insurers’ Networks, Standardized Options For 2017
From KHN Morning Briefing; Kaiser Health News ~ Mar 01, 2016

Congress Plans Fight on Obama Administration’s Illegal Diversion of $3.5 Billion to Insurers
By Melissa Quinn; The Daily Signal ~ Mar 01, 2016

Health groups aim to make medical records easier to access
By Ricardo Alonso-Zaldivar; The Associated Press ~ Mar 01, 2016

A Blow to Health Care Transparency
By Charles Ornstein; Pro Publica ~ Mar 01, 2016

Follow this plan for a more secure retirement
By SBN Staff; Smart Business ~ Mar 01, 2016

AARP: Price hikes doubled average drug price over 7 years
By Linda A. Johnson; The Associated Press ~ Feb 29, 2016

LOCAL RETIREE ORGANIZATIONS

(If you are affiliated with a local Lucent retiree group, let us know we'll post your next event.)

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 2015 reunion was held in Pacific Grove, California on the Monterey Peninsula on the 13th-15th of September. 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 summer get-together will be on June 24, 2016, Base Camp (Four Lakes Lodge), Lisle IL (where the Winter reunion was held).It begins at 4pm......through 8pm
Cash bar and food can be ordered off the menu. Hopefully we will be out on the patio at the front of the grill weather permitting.  Remember, there is now a formal back entrance  off the rear parking lot if needed.  Please spread the word especially to those still working at ALU.   Active, retired, fired, whatever your 
employment status are invited including wives or significant others.
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 Tuesday, Nov.10, 2015 .... The Spring gathering of Teletype and Lucent people and friends will be on Tuesday May 10, 2016, starting at 5:00 pm. 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. ..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 among ex-Lucent employees in Northern California. Send email to pclucentalum@yahoogroups.com