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 »

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 »

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 »