Association of BellTel Retirees Chairman Jack Cohen was invited to address a rally of more than 1,000 striking Verizon workers at the State House in Trenton. Cohen told the assembled crowd about the Association’s shareholder proxy campaign, which would cause the company to limit Verizon CEO Lowell McAdam’s potential $40 million golden parachute. “That’s right,”… Read More »
For Verizon Retirees Paying Medicare Part D Surcharge
This is an update to an email we sent out to our members earlier this year. As part of the 2013 Medicare benefits changes, Medicare beneficiaries with higher incomes will have an additional premium for their prescription drug plan. This is called Part D IRMAA (Income-Related Monthly Adjustment Amount). Those being affected… Read More »
Notice for Medicare-eligible Verizon Retirees
November 29, 2012 This notice applies only to Medicare-eligible Verizon retirees: Recently, Verizon sent a letter to retirees detailing some changes to the Verizon-sponsored Prescription Drug Program, Express Scripts, for the 2013 plan year. We would like to draw your attention to one major change you should consider when making your benefits elections. Starting in… Read More »
Effects of Hurricane Sandy
November 6, 2012 Dear Association Members: The board members of the Association of BellTel Retirees and their staff send out their prayers to all being affected by Hurricane Sandy. Our office is located in Cold Spring Harbor, NY (which is located on the north shore of Long Island). While we fared much better than most,… Read More »
Notice Regarding Verizon Pension Transfer
October 21, 2012Last Wednesday, Verizon announced that pension funds for 41,000 management retirees were to be transferred to Prudential Financial Inc. This came as a shock to all of us. The Association immediately reached out to experts in pension matters including the Pension Rights Center and attorneys who specialize in these matters. This was very… Read More »
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