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Real World Issues
In this day and age, the security and
stability of pensions and healthcare benefits can rightfully be called
into question. Most of you know that changes might be expected with the
full activation of the Affordable Healthcare Act (ACA) otherwise known
as ObamaCare. You may have also seen some of what the new AT&T is doing
with health insurance; costs being pushed onto retirees and real concern
about whether company sponsored healthcare will survive as we now know
it. There are similar issues with respect to retirees who took a pension
instead of a lump sum. Consider what happened to United Airlines and GM
employee pensions when shifted over to the Pension Benefit Guaranty
Corporation (PBGC) and what the impact would be if that happened to AT&T
retirees. It could be devastating because the PBGC, a U.S. government
agency, provides only about 1/4 to 1/3 of an existing pension. The
possibility of a merger with a “foreign “company, such as Lucent, taken
over by the French company, Allcatel, or T-Mobile, now owned by the
Germany company, Deutsche Telekom, also would pose additional obstacles
to pension and healthcare benefits. This could happen because current
laws don’t protect retirees as much as they protect companies.
How can AASBCR® help?
AASBCR® works to protect and strengthen
pensions and to slow the spiraling costs of healthcare coverage. With
your assistance this can be achieved. AT&T needs to hear our collective
voices when it comes to healthcare and pensions and how ACA issues can
be addressed. You can help AASBCR® work with AT&T on these issues. Just
complaining about reductions in healthcare benefits or the lack of
pension cost-of-living adjustments is not enough. Let your voice be
heard, loud and clear, by joining the totally volunteer organization,
AASBCR®. While it is hoped that members will actively participate on the
various committees and projects, it is not a requirement for membership.