The BellTel Spring newsletter is now available. To view the newsletter, Click Here.
Over 100,000 Verizon Retirees Laud New Federal Pension Asset Protection Legislation
Seeks to Stop Predatory Investors from Offshoring Retiree Assets Since 2012, close to $220 billion dollars has been transferred out of federally protected defined benefit pension plans into less secure group annuities. This process, known as pension risk transfer (PRT) or pension de-risking, allows companies to move away from their responsibilities to retired employees who… Read More »
PROXY 2022: Retirees Fight to Strengthen Clawback Policy, Limit Executive Golden Parachutes at Verizon
Measures Follow Jan 2022 Workforce Equity Policy Win at the Board Level for Retirees COLD SPRING HARBOR, NY, April 4, 2022 — Members of the non-profit Association of BellTel Retirees, Inc. have proposed shareholder proxies this year to strengthen the clawback policy and limit executive golden parachutes at Verizon (NYSE:VZ). The annual shareowners meeting will… Read More »
Spring 2022 Newsletter Now Available
BellTel Retirees Elect Thomas Steed New Board Chairman
The Association of BellTel Retirees, Inc. has elected Thomas Steed, a board member since 2012, as the national non-profit advocacy organization’s new Board Chairman. Mr. Steed, a resident of Orange County, NY, began his career with the New York Telephone Company, then a part of AT&T, in 1971 as a cable splicer working in Bronx… Read More »
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