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 »
Thomas Steed Letter to California Public Utilities Commission
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 »
Stand United, Arm and Arm
Retirement is intended to be a time of some dose of relaxation coupled with spending as much time as possible with the grandkids. For those of us keeping engaged in retirement advocacy, we know that we must never get complacent because our retirement is on the line. It is why Association of BellTel Retiree leaders… Read More »
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