An industry update for Verizon, AT&T, and T-Mobile. The continued business and fiscal success of Verizon and AT&T is important to all retirees and the current workforce, through our pension, benefits, and our investment in company stock over the decades. In late-July Bloomberg News began to examine the metrics of the two companies as they… Read More »
Archives for September 2022
COLA Increases May Be Tempered by Inflation
As many retirees have guessed, due to rising inflation, the Social Security cost of living adjustment (COLA) may increase significantly just to keep up. More than halfway through the year, it has not been easy so far for many seniors. Inflation has taken a toll on everyone’s finances amid falling stocks and what many believe… Read More »
WE WANT YOU! Volunteer Now!
Each of us have logged tens of thousands of hours serving the most critical communications companies during our careers to lead productive and rewarding lives. The next or perhaps current chapter – retirement – comes about quickly as a dramatic and overwhelming change of pace. It’s where we find ourselves with “more time” than we… Read More »
Dangerous Toxic Exposure 2001-02
The Verizon Building at 140 West Street was immediately adjacent to the Twin Towers and 7 World Trade Center (WTC), which collapsed in the aftermath of the September 2001 terrorist attacks. Toxic debris from the Towers collapses fell onto the Verizon rooftops, ledges, inside windows and HVAC systems and tore gaping holes in the… Read More »
Pension De-Risking Tsunami Gets Congress’ Attention
Corporate pension “de-risking” is growing into what might be one of the greatest threats to retirement security of all time. Pension de-risking is the off-loading of pension liabilities to insurance companies often through the purchase of a group annuity contract. In the last decade hundreds of billions (yes, that’s billions with a “B”) of… Read More »
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