Association of BellTel Retirees, Inc.

Excessive Exec Pay = 399 to 1

Year after year, senior corporate executives seem to grant themselves generous compensation packages that swamp even the highest paid salaried employee. Much of this typically includes stock awards, diamond encrusted incentive plans, and exclusive pension terms. In 2021, the average overall CEO to worker compensation ratio was 254 to 1; in 2022, that grew to… Read More »

U.S. Treasury Finally Unveils Its De-Risking Strategy

It looks like the federal government is finally paying attention to the multi-billions being shifted from defined benefit pensions to insurance companies and private equity investors, which has affected so many retirees, including many from the Bell System. In April of 2023, the U.S. Treasury published a fact sheet outlining their 2023 de-risking strategy. One… Read More »

The Texas Two Step

During the April Retiree Summit at Bear Mountain, one informative panel was called “The Texas Two-Step,” moderated by Retirees for Justice Executive Director, Edward Stone. The topic was corporate mergers, spinoffs, acquisitions, and their impact on pensioners. Stone explained that the “Texas Two-Step” is the process of a company creating a subsidiary, either by choice… Read More »

Peril of Losing Company Sponsored Life Insurance

On January 1, 2022, retirees at AT&T had their company sponsored life insurance radically reduced. That very same day, 120,000 Dupont retirees had their life insurance completely cancelled. It’s a horrific scenario for anyone to experience. Over 220,000 retirees who had given their entire professional lives to AT&T were left with drastically reduced life insurance… Read More »

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