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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

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.


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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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.


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

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LRO ANNOUNCES MEETING WITH MEMBERS IN INDIANAPOLIS & COLUMBUS

You are invited to attend an LRO conference on Tuesday, April 7th, in Columbus or April 9th in Indianapolis 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.
  • Current state of the Lucent Retirees Organization
  • Meet Laura Wayman, LRO Regional Director – Midwest Region

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.

.

Future meetings will take place in Andover, Massachusetts in May and Chicago in June.


LRO Leaders Meet With Alcatel-Lucent HR Officers

LRO leaders met on February 6, 2015 in Raleigh, NC with ALU Human Resource Vice Presidents John Hickey and Julie Liptak to discuss pensions, healthcare and other matters of importance to our retirees. A significant portion of the meeting was devoted to discussion of the previously announced lump sum pension buyout of retired management plan participants. LRO President Joe Dombrowski began the meeting expressing the appreciation of the LRO to the ALU leaders for this meeting and also for their continuing assistance throughout the years.

LRO VP & Pension Director Frank Minter next discussed the need for and ALU's ability to grant a Cost-of-Living payment to our retirees. This has been presented at each of the six previous meetings where the Company's position has been that they could not do anything that might cause them to later put cash funding into the plan. The LRO understood that position, but felt this year that ALU was now in a much better position to make such a payment (a one-time payment equal to 10% of the retiree's pension would only use about $150 million and reduce the pension funding level less than one percent). ALU representatives were not receptive to our request.

LRO Benefits Team Director Ron Hoth discussed several items involving health care. ALU and United Health Care have committed they will work together to assure that next year’s open enrollment communications are in synch in relation to accessing out-of-network providers and claims recovery process for the Medicare Advantage PPO healthcare plan. The LRO requested consideration for reduction or elimination of the prescription drug plan deductible . Answer-this is not likely. While there are no guarantees, it appears that current plans are for ALU to offer retiree healthcare coverage for 2016.

The status of the Group Life Insurance (GLI) was discussed. The ALU projection is that the GLI benefit continues to be viable for another seven years or so at the current trust fund level. ALU understands the importance of this benefit to management retirees given the cancellation of the Death Benefit, but is unable to commit at this time to funding beyond that horizon.

We received confirmation that the former represented retirees who moved to the management pension plan still have the death benefit (there are about 400 of these retirees). On another matter, ALU advised that they are optimistic they will soon come up with a process to enable the publication of information pertaining to retiree deaths. We asked for this at last year’s meeting, and they are following through on their promise to try to make this happen.

The meeting then turned to the previously announced proposed lump sum offer to be made in 2015 to 45,000 management plan participants. 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, they have prepared contracts for outside help in connection with the offer to handle administrative, legal and participant education matters. These 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 table 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.

MEDIA NEWS FOR RETIREES

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

Washington Post columnist Gruberizes Medicare argument
By Michael Busler; CDN ~ Feb 28, 2015

How to choose a financial adviser who's right for you
By Gregory Karp; Chicago Tribune ~ Feb 28, 2015

The Inside Story Of How Citizens United Has Changed Washington Lawmaking
By Paul Blumenthal and Ryan Grim, Huffington Post – Feb 26, 2015

5 Things To Know About The Supreme Court Case Challenging The Health Law
By Julie Rovner; Kaiser Health News ~ Feb 27, 2015

Paul Ryan to attend ObamaCare arguments at the Supreme Court
By Sarah Ferris; The Hill ~ Feb 27, 2015

The Drug Pipeline Flows Again
By Robert Langreth & Oliver Staley; Bloomberg ~ Feb 27, 2015

Obama struggles with Wall Street to woo Democrats over broker rules
By Sarah N. Lynch & Suzanne Barlyn; Reuters ~ Feb 27, 2015

Some Republicans seek extension to health-law credits
By Louise Radnofsky &d Stephanie Armour; MarketWatch ~ Feb 26, 2015

Is Washington Ready for the Death of Obamacare?
By Joshua Green; Bloomberg ~ Feb 26, 2015

4 Simple (And Objective) Ways To Tell If Obamacare Is "Working"
From Chris Conover; Forbes ~ Feb 26, 2015

IRS ISSUES INITIAL ‘CADILLAC' TAX GUIDANCE, WELCOMES COMMENTS ON VARIOUS TOPICS
By Kristen Ricaurte Knebel; Bloomberg BNA ~ Feb 26, 2015

This Chart: Social Security Disability 'Crisis' Might Already Be Over
By Dylan Scott; Talking Points Memo ~ Feb 12, 2015

The silent struggle of seniors with debt
From Chris Taylor; Reuters ~ Feb 26, 2015

Both parties face risks as health care law court case nears
By Alan Fram; The Associated Press ~ Feb 25, 2015

Republicans suspect the White House is hiding ObamaCare fallback plan
By Sarah Ferris; The Hill ~ Feb 25, 2015

New Online Tool Gives Patients Insight Into The Cost Of Medical Care
By Jay Hancock; Kaiser Health News ~ Feb 25, 2015

Insurance group raises alarms about looming ObamaCare case
By Sarah Ferris; The Hill ~ Feb 25, 2015

GOP senators blast union 'carve out' in ObamaCare tax
By Peter Sullivan; The Hill ~ Feb 25, 2015

Got a pension? Act now to save it
By Robert Powell; MarketWatch ~ Feb 25, 2015

Administration: No quick fix if court kills health subsidies
By ALAN FRAM; The Associated Press ~ Feb 24, 2015

Treasury issues reprieve for health law tax errors
By Ricardo Alonso-Zaldivar; The Associated Press ~ Feb 24, 2015

H&R Block: Majority of ObamaCare customers paying back subsidy
By Sarah Ferris; The Hill ~ Feb 24, 2015

U.S. High Court Hints at New Monitoring Rules for 401(k) Plans
By Greg Stohr; Bloomberg Business ~ Feb 24, 2015

Stern Advice: Don't wait for Washington to protect retirement investors
By Linda Stern; Reuters ~ Feb 24, 2015

Filing for Social Security Spousal Benefits
By Gail Buckner; Fox Business ~ Feb 23, 2015

Alcatel-Lucent has rearchitected its edge IP router functions to run on x86 based servers
By Roy Rubenstein; New Electronics ~ Feb 24, 2015

Longer Lives Hit Companies With Pension Plans Hard
By Michael Rapoport; The Wall Street Journal ~ Feb 23, 2015

Capitol Hill Buzz: Sen. Hatch prepping health plan
By Alan Fram; The Associated Press ~ Feb 23, 2015

Obama Administration Disallows Plans Without Hospital Coverage
By Jay Hancock; Kaiser Health News ~ Feb 23, 2015

Doctors say data fees are blocking health reform
By Arthur Allen; Politico ~ Feb 23, 2015

Five Ways Your Financial Adviser Can Screw Up Your Retirement, Legally
By Ben Steverman; Bloomberg Business ~ Feb 23, 2015B

Obama takes aim at brokers' fees on U.S. retirement accounts
By Jeff Mason & Sarah N. Lynch; Reuters ~ Feb 23, 2015

How I Was Stung By A Tax Scam And How You Can Avoid One
From John Wasik; Forbes ~ Feb 23, 2015

Congress' Social Security "Reform" Means Cuts
By Robert Weiner and Autumn Kelly, Palm Beach Post – Feb 21, 2015

Paging Physician Assistants As Obamacare Fuels Demand
By Bruce Japsen; Forbes ~ Feb 22, 2015

Governors: No clear plan if health care subsidies fall
By Steve Peoples; The Associated Press ~ Feb 22, 2015

AP-GfK Poll: Most back Obama plan to raise investment taxes
By Stephen Ohlemacher & Emily Swanson; The Associated Press ~ Feb 22, 2015

Financial advisers push back on proposed new rules
By Kevin Cirilli; The Hill ~ Feb 20, 2015

Retiree home buying tips
By Adam Verwymeren; Fox News ~ Feb 20, 2015

OMG! What Do I Do? I’m Missing a W2
By Bonnie Lee; Fox Business ~ Feb 201, 2015

What Makes A "SuperAger"?
From Carolyn Rosenblatt; Forbes ~ Feb 21, 2015

Feds seek 1 percent cut in Medicare Advantage
By Sarah Ferris; The Hill ~ Feb 20, 2015

ObamaCare sign-ups to start earlier in 2016
By Sarah Ferris; The Hill ~ Feb 20, 2015

ObamaCare enrollment to reopen
By Peter Sullivan; The Hill ~ Feb 20, 2015

Almost Half The Uninsured Still Don’t Know They Owe An Obamacare Penalty
By Sarah Hurtubise; The Daily Caller ~ Feb 20, 2015

Wrong Health Tax Credit Statements Sent to 800,000
By Louise Radnofsky; The Wall Street Journal ~ Feb 20, 2015

How To Turn Your Retirement Savings Into Retirement Income
From Erik Carter; Forbes ~ Feb 20, 2015

Longer lifespans strain pensions
By David Lynch, Bloomberg News – Feb 2, 2015

Alcatel-Lucent introduces LTE radio access network portfolio to transition operators smoothly to next-generation technologies
Alcatel-Lucent Press Office

Vitter: Clerks are blocking ObamaCare investigation
By Sarah Ferris; The Hill ~ Feb 19, 2015

Obama pressured to re-open ObamaCare
By Sarah Ferris & Peter Sullivan; The Hill ~ Feb 19, 2015

Obamacare Is Barely Denting Corporate Profits
By Michelle Fay Cortez & Alexander Wayne; Bloomberg Business ~ Feb 19, 2015

Seniors call for action as White House starts aging forums
By Matt Sedensky, AP; Miami Herald ~ Feb 19, 2015

Do Obamacare's Challengers Have A 'Nutty,' 'Stupid' Or 'Screwy' Interpretation Of The Law?
By Chris Conover; Forbes ~ Feb 18, 2015

Contra White House, Obamacare Exchanges Enroll Roughly 5 Million Uninsured, Not 11.4 Million
By Avik Roy; Forbes ~ Feb 18, 2015

Dems gloat over ObamaCare numbers
By Peter Sullivan; The Hill ~ Feb 18, 2015

Marketplace Website Still Has Many ‘Back End’ Glitches Affecting Insurers
From KHN Morning Briefing; Kaiser Health News ~ Feb 18, 2015

Doctors Strive to Do Less Harm by Inattentive Care
By Gina Kolata; The New York Times ~ Feb 17, 2015

Opinion: Social Security Could Be In Worse Shape Than We Thought
By Jamie Hopkins ; Forbes ~ Feb 18, 2015

Alcatel-Lucent and Freescale target converged network
By Martha DeGrasse; RCR Wireless News ~ Feb 18, 2015

Alcatel-Lucent boosts operator capacity to deliver big data and video over existing networks with launch of 400G IP router interface
Alcatel-Lucent Press Office

How Insurers Can Hit You With $10,000 Health Care Bills—Even When You're Covered
By Julie Appleby, KHN; The Daily Beast ~ Feb 17, 2015

Obamacare rescue ruled out by some states, others weigh options
By David Morgan; Reuters ~ Feb 17, 2015

Millions In Health Coverage ‘Gap’ Won’t Be Penalized
From KHN Morning Briefing; Kaiser Health News ~ Feb 17, 2015

Figuring Out If A Doctor Is In Your Plan Is Harder Than You Think
By Michelle Andrews; Kaiser Health News ~ Feb 17, 2015

White House: Health law sign-ups top 11M
By Ricardo Alonso-Zaldivar; The Associated Press ~ Feb 17, 2015

Dems Brandish New Counterproposal In Social Security Fight: Tax The Rich
By Dylan Scott; Talking Points Memo ~ Feb 17, 2015

Feds, states extend Obamacare enrollment period for some
By Laura Ungar; USA TODAY ~ Feb 16, 2015

Democrats seek relief from health law penalties
By Ricardo Alonso-Zaldivar; The Associated Press ~ Feb 16, 2015

Do the Wealthy Really Pay Their ‘Fair Share’? Economics Professor Breaks It All Down
By Billy Hallowell; TheBlaze ~ Feb 16, 2015

Congress Starts Its Own TurboTax Probes
By John D. McKinnon & Laura Saunders; The Wall Street Journal ~ Feb 16, 2015

Flurry of sign-ups at health law deadline; web glitch fixed
By Ricardo Alonso-Zaldivar; The Associated Press ~ Feb 15, 2015

“I was blindsided:” Woman says she was shocked to learn she must pay back her Obamacare subsidy
By CNN Wire Service; Fox 6 Now ~ Feb 15, 2015

Bill Maher Turns On Obamacare? ‘It’s More Expensive, Too Confusing’
By Jamie Weinstein; The Daily Caller ~ Feb 14, 2015

U.S. agency says work to fix problem hampering Obamacare applications
By Mohammad Zargham; Reuters ~ Feb 14, 2015

Millions in health coverage gap seek to avoid tax penalty
By Emily Schmall; The Associated Press ~ Feb 14, 2015

Stiffer Tax Penalties Used to Spur Insurance Enrollment
By Michael D. Shear & Robert Pear; The New York Times ~ Feb 14, 2015

Tips for Navigating a Changing Tax Landscape
By Jan M. Rosen; The New York Times ~ Feb 14, 2015

Social Security debate reignites
By Rebecca Shabad; The Hill ~ Feb 14, 2015

Concierge Medicine Firm Found Liable For Doctor’s Negligence
By Phil Galewitz; Kaiser Health News ~ Feb 12, 2015

Latinos Elude Obamacare in Struggle to Lure Growing Population
By Alexander Wayne; Bloomberg ~ Feb 13, 2015

Busted: Obamacare Co-Ops Are Underwater And Sinking Fast
By Merrill Matthews; Forbes ~ Feb 13, 2015

Report: Expect Worst IRS Service This Season, but Blame Tax Agency
By Cathy Burke; Newsmax ~ Feb 13, 2015

Inequality Helps Fuel a Social Security Death Spiral
By Erik Sherman, Forbes – Feb 11, 2015

GOP plea on Social Security disability: Do something, Obama
By David Rogers, Politico – Feb 11, 2015

The Rising Toll of Inequality on Social Security
By Philip Moeller, Time.Com – Feb 12, 2015

HHS To Stop Obamacare Coverage For 200,000 Illegal Aliens
By Rachel Stoltzfoos; The Daily Caller ~ Feb 12, 2015

House bill would repeal ObamaCare tax on insurance companies
By Sarah Ferris; The Hill ~ Feb 12, 2015

Medicare's Biggest Little Secret: Seniors Can Have A Medical Savings Account
By Greg Scandlen; Forbes ~ Feb 12, 2015

Charity Tax Breaks Yield Bipartisan Challenge to Obama
By Richard Rubin; Bloomberg ~ Feb 12, 2015

Online Filers: Pay Attention to the Fine Print!
By Dunstan Prial; Fox Business ~ Feb 11, 2015

Alcatel-Lucent lowers entry cost of TWDM-PON with Universal TWDM
By “Staff”; Lightwave ~ Feb 12, 2015

Alcatel-Lucent report on malware in 2014 sees rise in device and network attacks that place personal and workplace privacy at risk
Alcatel-Lucent Press Office

Yep, Obamacare Costs a Fortune
By Christopher Flavelle; Bloomberg View ~ Feb 11, 2015

Experts warn 2015 could be 'Year of the Healthcare Hack'
By Caroline Humer & Jim Finkle; Reuters ~ Feb 11, 2015

Republicans press to fix Social Security disability program
By Andrew Taylor; The Associated Press ~ Feb 11, 2015

Defined contribution plans doubled asset growth of pensions in 2014
By Rob Kozlowski; Investment News ~ Feb 11, 2015

Will the New Pension World Pass Its Test?
By Terrance Odean; The Wall Street Journal ~ Feb 11, 2015

More Pensions Want to Offload Risk to Insurers
By Timothy W. Martin; The Wall Street Journal ~ Feb 11, 2015

Retirement: 10 ways to live frugally
By Nanci Hellmich; USA TODAY ~ Feb 10, 2015

Alcatel-Lucent’s Universal TWDM technology to accelerate deployment of superfast gigabit ultra-broadband access services
Alcatel-Lucent Press Office

Bell Labs study reveals how integrating IP and optical technologies can ease network capacity demands by 40% and reduce operational costs
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

Four words could bring the law down
By “S.M.” ; The Economist ~ Feb 09, 2015

McConnell: Americans Are About To Get Whacked By Obamacare Taxes
By Rachel Stoltzfoos; The Daily Caller ~ Feb 10, 2015

IRS List: The Dirty Dozen Tax Scams for 2015
By Internal Revenue Service; NBC 10 ~ Feb 10, 2015

Alcatel-Lucent launches new line of outdoor small cells
By Kelly Hill; RCR Wireless News ~ Feb 10, 2015

Beyond ‘Repeal And Replace,’ Ideas Emerge To Improve, Simplify Health Law
By Julie Rovner; Kaiser Health News ~ Feb 09, 2015

U.S. government says Obamacare subsidies averaging $268 a month
By David Morgan; Reuters ~ Feb 09, 2015

Tax Day Shocker: Obamacare ‘Clawback’ To Hit Some Subsidy Recipients With Huge Tax Bill
By Richard Pollock; The Daily Caller ~ Feb 09, 2015

HealthCare.gov bulks up staffing to meet deadline
By Sarah Ferris; The Hill ~ Feb 09, 2015

Pension plans, once inviolable promises to employees, are getting cut
By Michael A. Fletcher; The Washington Post ~ Feb 09, 2015

Alcatel-Lucent (ALU) Q4 Earnings Excel on The Shift Plan - Analyst Blog
By Zacks.com; NASDAQ ~ Feb 09, 2015

Republican senator: ObamaCare replacement may wait until 2017
By Peter Sullivan; The Hill ~ Feb 07, 2015

Insured, but Not Covered
By Elisabeth Rosenthal; The New York Times ~ Feb 07, 2015

Medicare preps for natural disasters, power outages
By Elise Viebeck; The Hill ~ Feb 07, 2015

No encryption standard raises health care privacy questions
By Ricardo Alonso-Zaldivar; The Associated Press ~ Feb 07, 2015

Even as US job market picks up, unemployed face frustration
By Christopher S. Rugaber; The Associated Press ~ Feb 07, 2015

Alcatel-Lucent reports Q4 and full year 2014 results
Alcatel-Lucent Press Office

Senators put focus on healthcare data after hack
By Sarah Ferris; The Hill ~ Feb 06, 2015

11 Common Medicare Mistakes
By Kimberly Lankford; Kiplinger ~ Feb 06, 2015

Hackers Who Stole Anthem’s Database Got Names, Birthdates, Social Security Numbers
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Should You Save More For Retirement Or Pay Off Your Mortgage Early?
By Erik Carter; Forbes ~ Feb 06, 2015

Alcatel-Lucent eyes turnaround target as costs fall
By Leila Abboud & Gwénaëlle Barzic; Reuters ~ Feb 06, 2015

Republicans unveil new ObamaCare replacement plan
By Nick Kalman; Fox News ~ Feb 05, 2015

House Dem wants wider eligibility for ObamaCare tax credit
By Elise Viebeck; The Hill ~ Feb 05, 2015

Medicare Should Split From Health Department, Senator Hatch Says
By Alexander Wayne; Bloomberg Business ~ Feb 05, 2015

Medicare to pay for lung cancer screenings
By Elise Viebeck; The Hill ~ Feb 05, 2015

President Obama’s 2016 budget targets retirement accounts
By Jeffrey Levine; MarketWatch ~ Feb 05, 2015

Verizon retirees appeal pension transfer
By Nick Thornton; BenefitsPro ~ Feb 04, 2015

U.S. health agency says 2015 Obamacare demand ramping up
By Caroline Humer; Reuters ~ Feb 04, 2015

Anxiety over Supreme Court's latest dive into health care
By Ricardo Alonso-Zaldivar; The Associated Press ~ Feb 04, 2015

The Big Lie: 5.6% Unemployment
By Jim Clifton; Gallup ~ Feb 04, 2015

[Nuage Networks Press Release] China Telecom’s Cloud Arm Chooses Nuage Networks’ SDN technology to Enable Public Cloud Services in China
Alcatel-Lucent Press Office

Alcatel-Lucent woos new kinds of customers in race to prove itself
By Leila Abbound and Gwenaelle Barzic, Reuters – Feb. 2, 2015

House Votes To Repeal Obamacare Yet Again—But This Time It's Different
By Sahil Kapur; Talking Points Memo ~ Feb 03, 2015

Government Blinks Again on Obamacare
By Megan McArdle; Bloomberg View ~ Feb 02, 2015

Specialist Doctors Head for Exit as U.S. Shifts Payments
By Alexander Wayne; Bloomberg ~ Feb 02, 2015

Budget Plan Sees Savings In Changes To Medicare
By Robert Pear; The New York Times ~ Feb 02, 2015

Drug Prices Prompt Obama to Call for Medicare Bargaining Power
By Alexander Wayne; Bloomberg ~ Feb 02, 2015

Why White House disability insurance fix makes sense
By Mark Miller; Reuters ~ Feb 02, 2015

Obama's 10 new taxes
By Kelsey Snell, Kim Dixon & Brian Faler; Politico ~ Feb 02, 2015

Obama Throws Down Gauntlet On Social Security In New Budget
By Dylan Scott; Talking Points Memo ~ Feb 02, 2015

Obama Would Block Strategies to Pump Up Roth IRAs
By Karen Damato; The Wall Street Journal ~ Feb 02, 2015

Obama's Corporate Tax Raid Would Sack the Elderly
By Peter Morici; Newsmax ~ Feb 02, 2015

The Problem With Obama's Plan to Limit Retirement Savings
By Allison Schrager; Bloomberg ~ Feb 02, 2015

Income Layering Helps Retirees Combat Inflation, Adviser Says
By Michelle Brennan Hall; The Wall Street Journal ~ Feb 01, 2015

New rule for plan funding notices
By Marlene Y. Satter; BenefitsPro ~ Feb 02, 2015

Alcatel-Lucent woos new kinds of customers in race to prove itself
By Leila Abboud & Gwénaëlle Barzic; Reuters ~ Feb 02, 2015

Cost of Care: The U.S. health care system is bleeding green
By Jim Landers, Dallas Morning News – Jan 31, 2015

How Republicans Prescribe To Obama's Precision Medicine Spending
By Bruce Japsen; Forbes ~ Feb 01, 2015

Obama’s Plans for Deficit and Taxes Are Detailed on Eve of Budget Proposal
By Jonathan Weisman; The New York Times ~ Feb 01, 2015

12 Simple Ways to Save Money Around the House
By Paula Pant; DailyFinance ~ Jan 30, 2015

Flu hospitalizations of elderly hit record high, CDC says
By Mike Stobbe; The Associated Press ~ Feb 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 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