Association of BellTel Retirees, Inc.

ERISA 50th Anniversary

2024 marks 50 years since the Employee Retirement Income Security Act of 1974 (ERISA) became law. This is the federal tax and labor law that established minimum standards for defined benefit pension plans for the private sector in the United States. The earlier movement for pension reform truly began in the 1960s with President John… Read More »

Health Report on PBGC

The Pension Benefit Guaranty Corporation (PBGC) was created under the authority of the Employee Retirement Security Act (ERISA) in 1974, to protect the retirement incomes of over 30 million American workers across the private sector, who have defined benefit pensions. The PBGC funds its pension safety net through premiums that the private companies pay. Additionally,… Read More »

COLA Request To Verizon

In December 2023, Association Chairman Thomas Steed formally petitioned Verizon CEO Hans Vestberg and other top corporation leaders, requesting corporate leadership grant a 2024 pension COLA to assist tens of thousands of loyal company retirees living on the company pensions. Mr. Steed’s letter detailed the financial issues and constraints concerning our fellow retirees. “At this… Read More »

2024 Shareholder Proxy Fight

The Association of BellTel Retirees has a long and impressive history of advancing shareholder advocacy issues at Verizon. Why? Because over the decades our members believed so strongly in their employer that they invested regularly in buying company stock with each paycheck and holding onto that as a long-term investment. So, we certainly got their… Read More »