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Contact Info
CWA Local 4050/4090

21700 Greenfield Road
Suite 266
Oak Park, MI 48237

Phone: (248) 968 - 0983
or (248) 968 - 0998

Fax: (248) 968 - 1009

Info Line

(248) 968 - 0983 ext. 7


Email:

EXECUTIVE OFFICERS

President:
Dave Skotarczyk
ext. 301

Executive Vice President:
Troy Smith
ext. 302

Secretary/Treasurer:
Gerald Sokoloski
ext. 303

Vice President Global Services, Legacy-T and Avaya:
Mike Klein
ext. 304

Vice Presidents at Large Special Services:
Michael Mcleod
Ali Roby



Webmaster:
Mike Killewald



Action : Re: AT&T Pension Plan Change Members / Retirees
Posted by Dave Skotarczyk on 2023/8/17 15:31:20 (461 reads)

This month, AT&T transitioned the annuity payments of 96,000 retirees and beneficiaries from
the AT&T Pension Plan to a life insurance company called Athene.

We have serious concerns about transactions like this. Annuity benefits transferred to life
insurance companies lose protection under the Pension Benefit Guaranty Corporation (PBGC)
and are instead covered by the various state insurance guaranty associations, whose protection
levels can vary.

In addition, we have specific concerns about the business practices of Athene, which is owned by a private equity firm called Apollo Global Management.

We have created this online survey in order to better ascertain the impact of this
transaction among our retirees and to identify and connect with affected retirees.

https://docs.google.com/forms/d/e/1FAIpQLSerQ58lv-cB8pYEVg2zUHiaaVO8ANASGYEw0TpIlrH-_AXWeQ/viewform


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