Association of BellTel Retirees, Inc.

9/11 Notice Act Signed into Law

On September 11, 2023, New York’s 9/11 Notice Act (A75B/S2946B) was signed into law by Governor Hochul. During session, the law unanimously passed in both the New York State Senate (62-0) and Assembly (146-0). Your Association of BellTel Retirees advocated and pushed for this legislation as one of its early supporters, recognizing the overwhelming good… Read More »

Legislation Passed for TelCo 9/11 Workforce

In late June 2023, after tireless support and advocacy from your Association, the 9/11 Notice Act (A75B/S2946B) unanimously passed in the New York State Senate (62-0) and Assembly (146-0). As of writing this, it is on the way to Governor Kathy Hochul’s desk for signature. In 2001 and 2002, Verizon, AT&T and Empire City Subway,… Read More »

Verizon, T-Mobile Overstate Claims

Wireless providers Verizon and T-Mobile are being accused of fudging numbers, or boasting a bit too much, regarding their reach and speed of broadband internet access, according to the federal Broadband Equity, Access, and Deployment Program. With this comes significant unintentional consequences for countless rural communities. President Biden announced $42.5 billion in federal funds through… Read More »

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 »

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