Archives for February 2022

AT&T retirees recently saw life insurance that was long guaranteed to them drastically cut back on Dec. 31, 2021. It comes as no surprise that major corporations are continuing to walk back and turn away from their commitments to their loyal retirees. This is something that all our members can clearly understand. In early 2021,… Read More »

By Edward Stone, Esq. The Association of BellTel Retirees, in collaboration with Retirees for Justice, is planning to introduce proposed amendments to the federal ERISA law, to protect retirees from discrimination and force more transparency and accountability in the Pension Risk Transfer (PRT) arena. As some of you may already know, there is a distinction… Read More »

By Edward Stone, Esq. On August 9, 2021, I joined a number of Association of BellTel Retirees board leaders in a meeting to discuss concerns about recent Prudential announcements regarding the sale of billions of dollars in its retirement businesses. Specifically, Prudential agreed to sell $31 billion of variable annuity contracts to Fortitude Re, a… Read More »

In nature, the ability to survive and thrive requires a readiness to adapt, especially when unforeseen circumstances require quick and decisive judgment. Unable to host our annual in-person member meetings or regional mini-meetings due to the pandemic last year and this year, your Association of BellTel Retirees recognized an opportunity to enhance and expand the… Read More »

The Social Security Board of Trustees recently released its annual report detailing the long-term status of the Social Security Trust funds. The combined trust fund assets are projected to be emptied by 2034, which is one year earlier than last projected, with an estimate of 78% of benefits payable at that time. Of its different… Read More »