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The Fall 2016 LRO Connection newsletter is now available for viewing and can be accessed by clicking here.

In this issue, we share with retirees a copy of a recent letter sent by the LRO to the CEO of Nokia to introduce the LRO and to discuss our concern with the funding of the Group Life Insurance (GLI) Trust. We also have articles on the Pension Plan, Healthcare, and Legislative Affairs. The History Corner article reports on the 50th Anniversary Celebration of the Naperville, Illinois Indian Hill Bell Laboratories and the many contributions of that esteemed location.

We hope you find the newsletter informative, and we thank you for your support of the LRO.


AT&T History in NY TIMES Piece

AT&T’s History of Invention and Breakups
AT&T, once known informally as Ma Bell, is a storied American brand that goes back under a succession of names to the late 19th century, after Alexander Graham Bell invented the telephone.


WEBSITE FEATURES

THE HISTORY CORNER


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History Corner pieces in our recent newsletters (THE LRO CONNECTION) can be accessed at any time by clicking on the HISTORY CORNER tab on the navigation bar..

Check out the History Corner tab for the first 100 year history of the Western Electric Co. from 1869 to 1969.

If you have historical information, send to Gary Reichow at greichow@hotmail.com.


Information on the Passing of Retirees

Under the "In Memoriam" tab located at the top of this page, the LRO lists the submitted names of recently deceased individuals and, where possible, provides a linkage to an official obituary. Information required and the form to list an individual are contained on the "In Memoriam" page. We encourage family members and friends to take advantage of this service.


SPECIAL NOTICES TO MEMBERS

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Tax Forms for 2016.

Nokia has confirmed that retiree tax mailings began January 31. Their help line says that retirees should receive them the week of February 6. We'll update this if there is a change."


NOKIA REPLIES TO LRO LETTER

In our recently published LRO Connection Newsletter and on our website (www.lucentretirees.com) we shared with you a copy of a letter the LRO recently sent to Mr. Rajeev Suri, President and CEO of Nokia Technologies. The intent of the letter was to introduce the LRO and its charter to Nokia leadership, but also to share certain benefit issues of concern, primary among those the funding of the Group Life Insurance (GLI) Trust. While we continue to have an open relationship with Mr. John Hickey, Vice President of Benefits for Nokia in America, your board felt it important that we highlight these concerns to the highest levels of Nokia.

As we expected, Mr. Hickey in his role as American benefit spokesman responded on behalf of the company. Mr Hickey reinforced that while pension benefits are protected by law and cannot be changed unilaterally, “other” benefits such as retiree medical and life insurance are not mandated by law. Mr. Hickey goes on to say that, although there are no current plans to reduce or eliminate these benefits, the company’s philosophy has been to “balance the needs of the retirees with the company’s ability to pay.” These benefits are evaluated on an annual basis.

On the specific issue of the GLI Trust, no commitment is made beyond the current funding which has sufficient assets to pay this benefit until around 2022. Mr. Hickey acknowledges that the company is well aware of the loss of the Death Benefit for retirees in 2003, and that will be weighed in any future decision regarding this benefit.

The LRO understands the need for Nokia to be successful in their competitive world market place, but we also understand the past commitments and the financial planning that was done by retirees on the basis of those commitments. The LRO will continue to monitor pension and benefit issues affecting retirees and interact with Nokia as appropriate. Click here to see the full text of Mr. Hickey’s letter.

Happy Holidays to everyone !!!


Nokia Cancellation of Pre-Medicare Health Insurance

We feel the pain of those pre-Medicare eligible retirees who have lost health care coverage through the recent actions of Nokia, and many of you have shared your frustration with the LRO.

Despite what we believe to be an open relationship with John Hickey, the Nokia Vice President of Benefits, we did not receive advance notice of this decision and only became aware when we began receiving emails from our membership. As president of the LRO, I immediately contacted John and arranged for a conference call for October 17 to discuss this and other issues.

I expressed our disappointment at not getting a ‘Heads up’ on the insurance issue and relayed to John some of the feedback we had received from retirees on this sudden announcement. He understood our frustration, and that of affected retirees, and offered the following as the rationale for this Nokia decision:

The pre-Medicare retiree base is a rapidly declining segment of the retiree population going from approximately 3200 retirees in 2014 to an estimated 600-800 in 2016. The average monthly cost for company provided insurance for this segment in 2016 was $2300/mo.
With anticipated further declining numbers for 2017, projected cost increases of 30% would bring the monthly charge to something in the range of $3000/mo. Nokia believed that, with these declining numbers and this projected cost, retirees could find better options at the health care exchanges. Thus the decision to eliminate this coverage. Non Medicare eligible retirees and dependents are eligible to re-enroll with Nokia when they are Medicare eligible.

Mr. Hickey went on to comment that Nokia expects 80,000 retirees and eligible dependents to enroll in the Nokia Medicare Plan for 2017, and while he would not share the cost information, he expects a minimal increase. He also would not commit further at this time on coverage for 2018. This will be evaluated next year.

While we understand the issue of the declining population and cost issue, we further understand that this doesn’t make it less painful for those who now must explore other options. We have even had some retirees question the legal basis of this cancellation and suggest we consider legal action.

The LRO has reached out to an attorney for comment on this, and the bottom line is that healthcare coverage is considered a Welfare Benefit provided at the discretion of the company. We were advised that, even if there were some mitigating circumstances that would justify legal action, the likely damages would be minimal given the small difference between the exchange offerings and the company offerings, and by the time the legal process unfolded, most of this declining base would already be Medicare eligible. Bottom line - no solid basis for expecting any legal action to change outcome of Nokia’s position.

The LRO will continue to monitor and keep and open dialogue with Nokia on pension, health care and other benefit issues like Group Life Insurance, and we will do our best to keep all of our retirees informed.

RETIREE NEWS

White House Signals Own Path on Health Care
By John T. Bennett; Roll Call ~ Feb 22, 2017

Medicare's Cruel Paradox: It Is A Costly Subsidy For Seniors, But They Can't Live Without It
By Howard Gleckman; Forbes ~ Feb 22, 2017

Health insurers will now have until June to decide if they want to be part of Obamacare
By Emma Court; MarketWatch ~ Feb 22, 2017

Study: Physician-rating websites don’t provide meaningful information
By Joanne Finnegan; FierceHealthcare ~ Feb 22, 2017

Nokia launches offer to repurchase up to $1B in debt
By Jason Aycock; Seeking Alpha ~ Feb 22, 2017

House, Justice Department ask for delay in ObamaCare lawsuit
By Jessie Hellmann; The Hill ~ Feb 21, 2017

Health Law’s 10 Essential Benefits: A Look At What’s At Risk In GOP Overhaul
By Michelle Andrews; Kaiser Health News ~ Feb 21, 2017

Tear Down Health Care Walls
From Robert F. Graboyes ; US News & World Report ~ Feb 21, 2017

Medicare’s Uncertain Future
By Mark Miller; Wealth Management ~ Feb 21, 2017

Top lawmakers from both parties: 'Vaccines save lives'
By Jessie Hellmann; The Hill ~ Feb 21, 2017

Hopes rise for law to expand access to experimental drugs
By Rachel Roubein & Casey Harper; The Hill ~ Feb 21, 2017

Melnick: Demand more of your financial adviser
By Stephanie L. Melnick P; USA TODAY ~ Feb 20, 2017

Drug importation from other countries will save dollars and lives
From Suzanne Robotti; The Hill ~ Feb 19, 2017

Understanding Your Tax Forms 2017: Form W-2, Wage and Tax Statement
By Kelly Phillips Erb; Forbes ~ Feb 19, 2017

How to Make Your Money Last as Long as You Do
By Mark Miller; The New York Times ~ Feb 18, 2017

Taxation Of Social Security And SSDI Payments
From “MoneyTips”; The Huffington Post ~ Feb 17, 2017

House Republicans’ plans to repeal Obamacare worries health insurers
By Anna Wilde Mathews; MarketWatch ~ Feb 18, 2017

The role of the individual and taking control of their own healthcare
By Shawn Jenkins; The Hill ~ Feb 18, 2017

Ask Ken: Talking to parents about their finances
By Ken King; USA TODAY ~ Feb 18, 2017

McConnell intends to replace 'Obamacare' without Democrats
By Erica Werner; The Associated Press ~ Feb 17, 2017

If the Affordable Care Act may be repealed, can I ignore the tax penalty?
By Michelle Andrews; The Washington Post ~ Feb 17, 2017

UnitedHealth sued by U.S. government over Medicare charges
By Akankshita Mukhopadhyay; Reuters ~ Feb 17, 2017

How to Fill Out Your Tax Return Like a Pro
By Jan M. Rosen; The New York Times ~ Feb 17, 2017

What Is the capital loss deduction?
By Dan Caplinger, TMF; USA TODAY ~ Feb 17, 2017

Why Older People Are Vulnerable to Fraud, and How to Protect Them
York Times ~ Feb 17, 2017

Bright Spots for Nokia Corp (ADR) (NOK) Stock
By Lucas Hahn; InvestorPlace ~ Feb 17, 2017

2 quick fixes to ObamaCare Congress can put into place now
From Joel Zinberg; The Hill ~ Feb 16, 2017

Trump, Republicans set timeframe for introducing Obamacare replacement
By Richard Cowan & David Morgan; Reuters ~ Feb 16, 2017

What Happens When Doctors Only Take Cash
By Haley Sweetland Edwards; TIME ~ Jan 26, 2017

Major Change To Employer-Based Insurance On The Table In O'Care Repeal
By Tierney Sneed; Talking Points Memo ~ Feb 16, 2017

Merck to halt study of mild to moderate Alzheimer's drug
By Akankshita Mukhopadhyay; Reuters ~ Feb 14, 2017

Nokia lives
By Lachlan Colquhoun; Telecom Asia ~ Feb 16, 2017

Physician Services to Decline With More Cost-Sharing, CMS Says
By Alicia Ault; Medscape ~ Feb 15, 2017

US report: Trend of rising health care spending back to stay
The Associated Press ~ Feb 15, 2017

Following Trump order, IRS shifts on health care mandate
By Ricardo Alonso-Zaldivar & Tom Murphy; The Associated Press ~ Feb 15, 2017

New Rules Try To Shore Up Individual Health Insurance Market In 2018
By Julie Rovner; Kaiser Health News ~ Feb 15, 2017

IRS won't withhold tax refunds if Americans ignore ACA insurance requirement
By Amy Goldstein; The Washington Post ~ Feb 15, 2017

Trump Points to Humana Exit From Obamacare as Sign of Failure
By Zachary Tracer; Bloomberg ~ Feb 15, 2017

Cash Is King: 3 Ways To Manage It The Right Way
From Peter Lazaroff; Forbes ~ Feb 15, 2017

Choosing A Health Care Proxy When You're An 'Elder Orphan'
From Carol Marak, NA; Forbes ~ Feb 15, 2017

Economic Freedom in the United States Hits Record Low in 2017
By Ali Meyer; The Washington Free Beacon ~ Feb 15, 2017

IRS impostor scam robs elderly Americans of life savings
By Jennifer C. Kerr; The Associated Press ~ Feb 15, 2017

GOP back to open combat over Obamacare
By Burgess Everett & Rachael Bade; Politico ~ Feb 14, 2017

Obamacare takes big hit as major insurer pulls out
By Paige Winfield Cunningham; The Washington Examiner ~ Feb 14, 2017

Insurers Pushing Trump Admin To Keep Obamacare Individual Mandate, Subsidies
By Sarah Hurtubise; The Daily Caller ~ Feb 14, 2017

Reduce drug prices by eliminating PBM rebates
From Robert Goldberg; The Hill ~ Feb 14, 2017

U.S. insurers sense opportunity in unwanted pension plans
By Suzanne Barlyn; Reuters ~ Feb 14, 2017

Republicans still want IRS chief's head
By Nicole Duran; The Washington Examiner ~ Feb 13, 2017

Republicans May Want To Erase Health Law But First They Have To Save It From Collapsing
From KHN Morning Briefing; Kaiser Health News ~ Feb 13, 2017

GOP Doctors Caucus gains clout with Republican rise
By Joanne Finnegan; FierceHealthcare ~ Feb 13, 2017

Sharp Rise Reported in Older Americans' Use of Multiple Psychotropic Drugs
By Benedict Carey; The New York Times ~ Feb 13, 2017

Social Security Begins to Increase the Retirement Age
By Emily Brandon; US News & World Report ~ Feb 13, 2017

Blackstone to acquire Aon's record-keeping business
By Sophie Baker & Robert Steyer; Pensions & Investments ~ Feb 10, 2017

So What Is 4.9G Anyway?
By Dan Jones; Light Reading ~ Feb 13, 2017

GOP dilemma on health law taxes: To repeal or not to repeal?
By Alan Fram; The Associated Press ~ Feb 11, 2017

GOP fights ObamaCare PR war
By Jessie Hellmann; The Hill ~ Feb 11, 2017

Color of Money: Don't pay for an advance on a tax refund
From Michelle Singletary; Reading Eagle ~ Feb 12, 2017

How To Turn Your Finances Over To Someone Else, Part 1
From Larry Light; Forbes ~ Feb 12, 2017

The stealth Republican force behind Obamacare repeal
By Burgess Everett & Jennifer Haberkorn; Politico ~ Feb 11, 2017

Grassley Launches Inquiry Into Orphan Drugs After KHN Investigation
By Sarah Jane Tribble; Kaiser Health News ~ Feb 10, 2017

Marathon Pharmaceuticals to charge $89,000 for muscular dystrophy drug after 70-fold increase
Fox News from Wall Street Journal – Feb 11, 2017

Retirement Advice in the Trump Era
By The Editorial Board; The New York Times ~ Feb 11, 2017

Tom Price Is Confirmed as Health Secretary
By Robert Pear and Thomas Kaplan, New York Times – Feb 10, 2017

Insurer Scores A $200M Court Win After GOP Move To Block O'Care Payments
By Tierney Sneed; Talking Points Memo ~ Feb 10, 2017

How to Fix (or Wreck) Obamacare: Advice for Tom Price
By Reed Abelson & Margot Sanger-Katz ; The New York Times ~ Feb 10, 2017

Should You Retire On Your House?
From Olivia Mitchell; Forbes ~ Feb 10, 2017

Republicans Have Plenty Of Ideas For Replacing Health Law — But None They Can Agree On
From KHN Morning Briefing; Kaiser Health News ~ Feb 09, 2017

Trump administration strips down Obamacare website
By Paige Winfield Cunningham; The Washington Examiner ~ Feb 09, 2017

NCPA Responds to PBM Efforts to Limit Potential Reforms
PRESS RELEASE; Pharmacy Times ~ Feb 09, 2017

Retires' Incomes Rising, Dependence on Social Security Benefits Lower
From Andrew Biggs; Forbes ~ Feb 09, 2017

Trump Can’t Stop the Retirement Revolution
By Ben Steverman; Bloomberg ~ Feb 09, 2017

Will Trump shift on entitlements?
By Sylvan Lane, The Hill – Feb 9, 2017

Leftist Activists Target GOP Members of Congress
By Martin Walsh; LifeZette ~ Feb 08, 2017

Conservatives Urge Speed Up Of Health Law Repeal, Dismiss Calls For Caution
By Julie Rovner; Kaiser Health News ~ Feb 08, 2017

Trump administration weighs health insurance 'stabilization'
By Ricardo Alonso-Zaldivar; The Associated Press ~ Feb 08, 2017

Key conservative open to insurer payments during ObamaCare transition
By Jessie Hellmann; The Hill ~ Feb 08, 2017

Big Pharma’s Offer to Trump: Discounts When Drugs Don’t Work
By Jared S Hopkins, Robert Langreth, and James Paton, Bloomberg – Feb. 6, 2017

Big Pharma Is Pointing Fingers, and Hoping Trump Will Listen
By Zachary Tracer, Robert Langreth, & Anna Edney; Bloomberg ~ Feb 08, 2017

Why You Should Get Around to Drawing Up a Will
By Ann Carrns; The New York Times ~ Feb 08, 2017

Next Stop for Nokia Corp (ADR) Stock: $5 a Share!
NOK stock deserves a forward P/E of 20

By Chris Lau; InvestorPlace ~ Feb 08, 2017

GOP talking security for ObamaCare protests: report
By Mark Hensch; The Hill ~ Feb 07, 2017

House GOP lawmakers face tough questions on health care
The Associated Press ~ Feb 07, 2017

U.S. House speaker: Obamacare replacement law to pass this year
By Susan Cornwell; Reuters ~ Feb 07, 2017

Trump administration weighs Obamacare changes sought by insurers
By Dan Diamond, Jennifer Haberkorn & Paul Demko; Politico ~ Feb 06, 2017

Tuning up access, attitudes, and models of care for individuals with dementia
From Emily Rogalski; The Hill ~ Feb 07, 2017

Trump Sinks Drug Stocks Again on Medicare Drug Price Negotiation
By Cécile Daurat & Toluse Olorunnipa; Bloomberg ~ Feb 07, 2017

Social Security Can't Even Get Its FAQs Right
From Laurence Kotlikoff; Forbes ~ Feb 07, 2017

Express Scripts says branded drug prices rose nearly 11% last year
By Jacob Bell; BioPharma Dive ~ Feb 06, 2017

Trump Acknowledges That The 'Replacement' Of Obamacare Will Span Years
From Dan Munro; Forbes ~ Feb 06, 2017

Making Sure Our Longer Lives Are Healthy Ones
By June Simmons, NA; Forbes ~ Feb 06, 2017

You might need nearly $350,000 to pay for health-care costs in retirement
By Robert Powell; MarketWatch ~ Feb 06, 2017

Four Pillars: Reimagining Long-Term Services and Supports
By Connie Garner & Rodney L. Whitlock; Morning Consult ~ Feb 06, 2017

Social Security waits anxiously for Trump to nominate commissioner
By John Fritze, Baltimore Sun – Feb 5, 2017

Financial adviser or financial planner: What's the difference?
By Clark Randall; USA TODAY ~ Feb 05, 2017

10 tax forms you need to know before you file
By Tina Orem, NerdWallet; USA TODAY ~ Feb 03, 2017

No one wants to save the Obamacare mandate
By Paige Winfield Cunningham; The Washington Examiner ~ Feb 04, 2017

How stricter rules for brokers will affect retirement savers
By Marcy Gordon; The Associated Press ~ Feb 04, 2017

Where is Esurance Beatrice When You Need Her?
By Brenton Smith, FedSmith Jan 31, 2017

COMMENTARY: Solution to Social Security isn't found in new system
By Brenton Smith, Greenville Online - Feb 2, 2017

'Obamacare' sign-ups show slippage in preliminary report
By Ricardo Alonso-Zaldivar; The Associated Press ~ Feb 03, 2017

Rep. Jordan: Obamacare Not Worth Repairing
By Mary Ellen McIntire; Morning Consult ~ Feb 03, 2017

Employers Fret Job-Based Coverage Vulnerable To Fallout From GOP Health Overhaul
By Jay Hancock; Kaiser Health News ~ Feb 03, 2017

Trump, The Fiduciary Rule And Your IRA
From Adam Bergman; Forbes ~ Feb 03, 2017

Congress can finally reform Social Security. In fact, there's no choice.
From Adam Brandon; The Hill ~ Feb 03, 2017

Nokia CEO 'Disappointed' With 2016 Sales
By Linda Hardesty; SDxCentral ~ Feb 02, 2017

Nokia's Suri Promises IP Routing Innovation
By Iain Morris; Light Reading ~ Feb 02, 2017

Nokia Q4 sales up but profit down at $682 million
The Associated Press ~ Feb 02, 2017

This Big Pharma CEO Thinks Trump’s Drug Pricing Threats Are All Bark and No Bite
By Sy Mukherjee; Fortune ~ Feb 02, 2017

Initial Health Care Relief Measures Put Patients First and Help Stabilize Markets
By Larry Bucshon, Marsha Blackburn, Bill Flores & Greg Walden; Morning Consult ~ Feb 02, 2017

Sticking with one doctor may help keep seniors out of the hospital
From HealthDay News; United Press International ~ Feb 02, 2017

House considers elements of ObamaCare replacement
By Jessie Hellmann; The Hill ~ Feb 02, 2017

Enough About the Wall. What About My Retirement?
By Suzanne Woolley; Bloomberg ~ Feb 02, 2017

House votes to undo Obama administration's social security gun rule
By David Sherfinski; The Washington Times ~ Feb 02, 2017

Terminally Ill Applaud Trump’s Pledge to Change FDA Rules
By Mary Lou Lang-Byrd; The Washington Free Beacon ~ Feb 01, 2017

Manufacturing CEO Says Obamacare Costs Negatively Impacted Jobs, Investment, Product Development
By Ali Meyer; The Washington Free Beacon ~ Feb 01, 2017

Overnight Healthcare: GOP talk shifts from replacing ObamaCare to repairing it | HHS pick advances after rules change
By Peter Sullivan; The Hill ~ Feb 01, 2017

A Third of Americans Are Still Struggling to Find Affordable Healthcare
By Katherine Greifeld; Bloomberg ~ Feb 01, 2017

Insurers shrink from exchanges as lawmakers mull changes
By Tom Murphy; The Associated Press ~ Feb 01, 2017


From Dr. Hagop M. Kantarjian & Michael A. Carrier; The Hill ~ Feb 01, 2017

Demand For Popular Short-Term Insurance Plans Could Surge If Health Law Is Relaxed
By Michelle Andrews; Kaiser Health News ~ Jan 31, 2017

Police arrest dozens of 'Obamacare' supporters at U.S. Capitol protest
By Doug G. Ware; United Press International ~ Jan 31, 2017

Trump tells drug companies to 'get prices down'
By Peter Sullivan; The Hill ~ Jan 31, 2017

Big Pharma CEOs Met With Trump But They Won’t Give In to His Demands
By Sy Mukherjee; Fortune ~ Jan 31, 2017

This May Be The Last Year You Get A Charitable Tax Deduction
By Ashlea Ebeling; Forbes ~ Jan 31, 2017

Bet on a tax cut, not tax reform
By Howard Gleckman; The Hill ~ Jan 31, 2017

Aon Hewitt sued for 401(k) 'kickback' scheme with Financial Engines
By Greg Iacurci; InvestmentNews ~ Jan 31, 2017

Nokia Aims for Big IMPACT in Enterprise IoT
By Iain Morris; Light Reading ~ Jan 31, 2017

When To Expect Your W-2, 1099 & More Tax Forms In 2017 (And What To Do If They're Missing)
By Kelly Phillips Erb; Forbes ~ Jan 30, 2017

Republicans To Begin Tackling Pre-Existing Conditions, Medicaid With Hearings This Week
From KHN Morning Briefing; Kaiser Health News ~ Jan 30, 2017

Most Americans Don't Support Immediate Repeal Of Affordable Care Act
From Kate Ashford; Forbes ~ Jan 30, 2017

IRS Form 1099 Or Form W-2?\
From Robert W. Wood; Forbes ~ Jan 30, 2017

David Asman: Your Social Security checks aren't safe from the prying hands of big government
By David Asman; Fox News ~ Jan 30, 2017

Games, crafts, other activities may safeguard aging brain
By Lindsey Tanner; The Associated Press ~ Jan 30, 2017

Liz Weston: How to help your parents protect their money
By Liz Weston, NW; The Associated Press ~ Jan 30, 2017

ObamaCare anxiety grows for insurers
By Peter Sullivan; The Hill ~ Jan 29, 2017

As GOP Backs Off ACA Repeal, Obama's Medicare Reforms Remain
From Bruce Japsen; Forbes ~ Jan 29, 2017

This Pharma Giant Just Pulled Back the Curtain On Its Drug Price Hikes
By Sy Mukherjee; Fortune ~ Jan 29, 2017

A Housing Crisis for Seniors
By Allison Arieff; The New York Times ~ Jan 28, 2017

Eight Things About Replacing Obamacare That Were Confirmed At The GOP Philly Retreat
From John Osborn; Forbes ~ Jan 28, 2017

Privatizing Medicare would be irresponsible
By Robert A. Freeman, Baltimore Sun – Jan 24, 2017

Trump administration backtracks part way on ACA enrollment outreach
By Amy Goldstein; The Washington Post ~ Jan 28, 2017

Consumer Financial Protection Bureau Fights to Stay Alive Under Trump
By Suzanne O'Halloran; Fox Business ~ Jan 27, 2017

Tom Price Cracks the Drug-Price Negotiation Door
By Max Nisen, Bloomberg – Jan 26, 2017

Trump's Crusade on Drug Pricing Puts Both Parties on the Spot
By Albert R. Hunt, Bloomberg – Jan 27, 2017

In unprecedented move, pension plan cuts benefits promised to retirees
By Jonnelle Marte; The Washington Post ~ Jan 27, 2017

HealthCare.gov sends Obamacare enrollment message after Trump clamp down
By Rachana Pradhan; Politico ~ Jan 27, 2017

AP-NORC Poll: Broad worries about potential health care loss
By Ricardo Alonso-Zaldivar & Emily Swanson; The Associated Press ~ Jan 27, 2017

Insurers warn: We're outta here with no Obamacare replacement
By Tami Luhby; CNNMoney ~ Jan 27, 2017

4 tax mistakes that could lead to an audit
By Maurie Backman, TMF; USA TODAY ~ Jan 27, 2017

Missing An IRS Form 1099? Why Not To Request It
From Robert W. Wood; Forbes ~ Jan 27, 2017

Warning to Retirees Who Take Up Music: The Cat May Flee the Room
By Joanne Kaufman; The New York Times ~ Jan 27, 2017

Is Social Security Safe Under Trump Nominee Mulvaney?
By Brenton Smith, Newsmax – Jan 25, 2017

Doctors In The Soon-To-Be Obamacare Past And The Trumpcare Future
From Marc Siegel; Forbes ~ Jan 26, 2017

Republicans Have Seven Proposals to Replace the Affordable Care Act
By Ali Meyer; The Washington Free Beacon ~ Jan 26, 2017

GOP chairman to introduce pre-existing conditions bill
By Peter Sullivan; The Hill ~ Jan 26, 2017

Trump White House abruptly halts Obamacare ads
By Paul Demko; Politico ~ Jan 26, 2017

Drug pricing needs transparency, physicians say
By Troy Parks; AMA Wire ~ Jan 26, 2017

McConnell: "ObamaCare status quo is completely unsustainable"
By Ed Morrissey; Hot Air ~ Jan 26, 2017

That call from an unlisted number? Might be a collections rep for IRS
By Roger Yu; USA TODAY ~ Jan 26, 2017

Federal agency website still praises Obamacare
By Tami Luhby; CNNMoney ~ Jan 26, 2017

Exclusive: Led by Republican Study Committee, 50 House GOPers tell Trump to fire IRS chief
By Philip Wegmann; The Washington Examiner ~ Jan 26, 2017

House Republicans target problems with Obamacare mandate
By Robert King; The Washington Examiner ~ Jan 24, 2017

Health insurers quietly shape Obamacare replacement with fewer risks
By Caroline Humer & Susan Cornwell; Reuters ~ Jan 25, 2017

Americans Experience Personally ObamaCare's Broken Promises
From Grace-Marie Turner; Forbes ~ Jan 25, 2017

A Complaint Filed By Nokia Will Be Investigated, Confirms U.S. Trade Commission
By Jeremy Winslow; Inquisitr ~ Jan 25, 2017

Trump's health nominee says has no plans to privatize Medicare
By Toni Clarke & Susan Cornwell; Reuters ~ Jan 24, 2017

Trump pick for budget director backs Medicare changes, promises debt cuts
By Mary Troyan; USA TODAY ~ Jan 24, 2017

2016 FDA drug approval numbers - what can Trump conclude?
From Joseph Gulfo; The Hill ~ Jan 24, 2017

The workforce shortage has reached long-term care. We should act
From Robert Espinoza ; The Hill ~ Jan 24, 2017

7 Decisions That Can Lead You To Financial Misery
From Michael F. Kay; Forbes ~ Jan 24, 2017

Trump Signs Executive Order To Roll Back Obamacare
By Kelly Phillips Erb; Forbes ~ Jan 20, 2017

Trump can do plenty on his own to unravel Obama health law
By Ricardo Alonso-Zaldivar; The Associated Press ~ Jan 23, 2017

Health Law Coverage Has Helped Many Chronically Ill — But Has Still Left Gaps
By Shefali Luthra; Kaiser Health News ~ Jan 23, 2017

Possible GOP replacement plan would let states keep ACA coverage
By Doug G. Ware; United Press International ~ Jan 23, 2017

Seniors Welcome New, Battery-Powered Friends
By Constance Gustke; The New York Times ~ Jan 20, 2017

2017 Tax Guide: Phaseouts Keyed To AGI And Modified AGI
From William Baldwin; Forbes ~ Jan 23, 2017

Trump and Obamacare: Where we go from here
By Tami Luhby, Money.CNN - Jan 22, 2017

Here's what Trump's executive order really means for Obamacare
By Noam N. Levey, Los Angles Times - Jan 21, 2017

In Inaugural Speech, Trump Silent on Health Care
By Mary Ellen McIntire; Morning Consult ~ Jan 20, 2017

Financial industry expects quick action from Donald Trump to delay DOL fiduciary rule
Pensions & Investments ~ Jan 20, 2017

Avaya files for chapter 11 bankruptcy
By Alex Scroxton; ComputerWeekly ~ Jan 19, 2017

Six U.S. Senators Confronting Trump’s HHS Cabinet Pick Own Health Care Stocks, Too
By Sydney Lupkin; Kaiser Health News ~ Jan 19, 2017

GOP senator: Let's work with Dems to 'fix' ObamaCare
By Peter Sullivan; The Hill ~ Jan 19, 2017

CUTTING MEDICARE'S IN-OFFICE DRUG SPENDING: IF AT FIRST YOU DON'T SUCCEED...
By Mindy Yochelson; Bloomberg ~ Jan 19, 2017

Trump's right about drug prices: Our view
By Editorial Board, USA Today - Jan 16, 2017

Nokia CTO: 2017 Is the Year 5G Gets in the Field
By Dan Jones; Light Reading ~ Jan 19, 2017

Tom Price: GOP goal not to take insurance away from Americans
By Andrew V. Pestano; United Press International ~ Jan 18, 2017

The Trumpcare Conundrum
By Ronald Brownstein; The Atlantic ~ Jan 18, 2017

Report: 300,000 Small Business Jobs Lost Due to Obamacare
By Elizabeth Harrington; The Washington Free Beacon ~ Jan 18, 2017

Has Social Security Been Shortchanging Seniors on Annual Benefit Increases?
By Dan Caplinger, The Motley Fool - Jan 16, 2017

Health savings accounts front and center amid Obamacare repeal efforts
By Jeff Benjamin; Pensions & Investments ~ Jan 17, 2017

Column: How to fight back when an insurer denies your healthcare claim
By David Lazarus; Los Angeles Times ~ Jan 17, 2017

Drugmakers Manipulate Orphan Drug Rules To Create Prized Monopolies
By Sarah Jane Tribble & Sydney Lupkin; Kaiser Health News ~ Jan 17, 2017

Trump promises healthcare plan will offer ‘insurance for everybody'
By Cyra Master; The Hill ~ Jan 156, 2017

House Chair: Obamacare Subsidies Must Continue To Avoid Collapse Amid Repeal
By Tierney Sneed; Talking Points Memo ~ Jan 16, 2017

Taxpayers Off The Hook With Trump's Infrastructure Plan
By Julia Limitone; Fox Business ~ Jan 16, 2017

Nokia CMO: “Investors want to see performance, not excuses”
From “Latest News”; European Communications ~ Jan 16, 2017

Schumer puts GOP on notice over ObamaCare repeal
By Alexander Bolton; The Hill ~ Jan 15, 2017

Republican senator to propose eliminating mandates in Obamacare bill
By Caren Bohan; Reuters ~ Jan 15, 2017

Entitlement Programs Gained Tens of Thousands of Beneficiaries During Obama Administration
By Ali Meyer; The Washington Free Beacon ~ Jan 15, 2017

50 ways to give your finances a fresh start in 2017
From Credit.com; USA TODAY ~ Jan 15, 2017

GOP: Obamacare takes 'emotional toll' on Americans
By Anna Giaritelli; The Washington Examiner ~ Jan 14, 2017

The Remodeling Of America: What Baby Boomers And Seniors Need To Know
By Robert Laura; Forbes ~ Jan 14, 2017

What Health Policy Experts Think Of A Key GOPer’s Vision For O'Care Transition
By Tierney Sneed; Talking Points Memo ~ Jan 13, 2017

House takes first step to repeal ObamaCare
By Cristina Marcos; The Hill ~ Jan 13, 2017

The Forbes 2017 Tax Guide
By Janet Novack; Forbes ~ Jan 13, 2017

Personalized IRS letters nudge uninsured to get coverage
By Ricardo Alonso-Zaldivar; The Associated Press ~ Jan 13, 2017

Pharma company executives debate drug pricing increases
By Deena Beasley; Business Insider ~ Jan 13, 2017

CBO: Share Of Working Americans Will Continue To Decline Over Next 30 Years
By Caroline May; The Daily Caller ~ Jan 13, 2017

Delay the Fiduciary Rule: The government shouldn’t decide how taxpayers save for retirement
From Steve DeMaura; The Hill ~ Jan 13, 2017

DOL Releases Second Batch Of Fiduciary Rule FAQs
By Ryan Neal; Wealth Management ~ Jan 13, 2017

Progressives Outraged Over Booker, Democrats’ Vote on Prescription Drugs From Canada
By Andrew Breiner, Roll Call - Jan 12, 2017

ACA repeal: Why healthcare lobbies are unusually quiet as Congress acts
By Ilene MacDonald; FierceHealthcare ~ Jan 12, 2017

House Dems Seek to Slow Obamacare Repeal
By Bill McMorris; The Washington Free Beacon ~ Jan 12, 2017

Senate Adopts Budget Opening Door for Obamacare Repeal
By Jennifer Shutt & Ryan Mccrimmon; Roll Call ~ Jan 12, 2017

Trump says drug industry 'getting away with murder'
By Sarah Karlin-Smith, Politico - Jan 11, 2017

Trump Says ACA Repeal and Replace Could Come Within Same Hour
By Mary Ellen McIntire; Morning Consult ~ Jan 11, 2017

Drug Stocks Plunge as Trump Threatens to Force Price Bidding
By Zachary Tracer and Anna Edney, Bloomberg News - Jan 11, 2017

Trump says pharma 'getting away with murder,' stocks slide
By Caroline Humer & Rodrigo Campos; Reuters ~ Jan 11, 2017

Multiemployer Pension Plans In Crisis: Troubled Plans Need Public Resources To Survive
From Olivia Mitchell; Forbes ~ Jan 11, 2017

Social Security will cut paper statements — again
By Darla Mercado; CNBC ~ Jan 11, 2017

We Don't Have to Be Broke in Retirement
From Barry Ritholtz; Bloomberg ~ Jan 11, 201

Chamber of Commerce: Obamacare Insurance Tax Will Cause More Premium Hikes
By Ali Meyer; The Washington Free Beacon ~ Jan 10, 2017

Republicans scramble to ease concerns about Obamacare replacement
By Sean Sullivan, Kelsey Snell & Amy Goldstein; The Washington Post ~ Jan 10, 2017

The 'preexisting conditions' puzzle — If GOP gets trapped, ObamaCare reform will fail
From Michael Tanner; The Hill ~ Jan 10, 2017

Don’t Let the “Uninsured 20 Million” Statistic Fool You
By Twila Brase; The Daily Caller ~ Jan 09, 2017

Taxpayer Advocate Urges Congress To Reform The IRS And Overhaul The Tax Code
By Ashlea Ebeling; Forbes ~ Jan 10, 2017

Republicans' Big Dilemma On Obamacare: Do We Repeal The Taxes?
By Lauren Fox; Talking Points Memo ~ Jan 10, 2017

Column: Squeezed by congressional skinflints, Social Security axes more services
By Michael Hiltzik; Los Angeles Times ~ Jan 10, 2017

US warns of unusual cybersecurity flaw in heart devices
By Tami Abdollah & Matthew Perrone; The Associated Press ~ Jan 10, 2017

Why You Should Be Wary of Junk Bonds
By John Coumarianos; The Wall Street Journal ~ Jan 09, 2017

How the tables are turning on Obamacare
By MJ Lee, CNN ~ Jan 09, 2017

Failing Multi-Employer Pension "Rehabilitation Plans" Don't Address Mismanagement of Investments
From Edward Siedle; Forbes ~ Jan 09, 2017

Obama health care legacy: Coverage, conflict, and questions
By Ricardo Alonso-Zaldivar; The Associated Press ~ Jan 08, 2017

Priebus: Trump Won't 'Meddle' with Medicare or Social Security
By Jim Swift; The Weekly Standard ~ Jan 08, 2017

Republicans must keep their promise on Medicare funding
From Darren Bearson; The Hill ~ Jan 08, 2017

The Shocking Reason Why 173,000 People Had Their Social Security Checks Reduced in 2015
By Sean Williams; The Motley Fool ~ Jan 08, 2017

Obama: ‘If It Works, I’m For’ Repealing Obamacare [VIDEO]
By Robert Donachie; The Daily Caller ~ Jan 06, 2017

Obama says Sanders' supporters helped undermine Obamacare
By Roberta Rampton; Reuters ~ Jan 06, 2017

Avoid the 8 Most Common Tax Mistakes
By “Motley Fool”; Nasdaq ~ Jan 07, 2017

Rand Paul: Trump Backs Plan To Repeal, Replace Obamacare Simultaneously
By Allegra Kirkland; Talking Points Memo ~ Jan 07, 2017

Kaiser poll: 75% say Congress shouldn’t repeal or ObamaCare or should wait until there’s a replacement ready
By “Allahpundit”; Hot Air ~ Jan 06, 2017

Opinion: 5 health-conscious ways to repeal Obamacare
By Diana Furchtgott-Roth; MarketWatch ~ Jan 06, 2017

Fact check: Nancy Pelosi stretches ACA claims
By Lori Robertson; USA TODAY ~ Jan 06, 2017

IRS prioritized Obamacare over taxpayer customer service, IG report says
By Stephen Dinan; The Washington Times ~ Jan 05, 2017

GOP Lawmaker Pushes for Legislative Delay of Fiduciary Rule
By Ryan Rainey; Morning Consult ~ Jan 06, 2017

U.S. spending more on specialty drugs via Medicare
By Michelle Hackman, Market Watch - Jan 5, 2017

Why Obamacare’s insurance marketplaces won’t necessarily collapse with a repeal
By Carolyn Y. Johnson; The Washington Post ~ Jan 05, 2017  

BREAKING: Senate Dems Attacking Trump’s HHS Nominee Also Own Health Care Stocks
By Richard Pollock; The Daily Caller ~ Jan 05, 2017    

Another ObamaCare Promise Bites The Dust
Editorial; Investor’s Business Daily ~ Jan 05, 2017    

IRS beefs up security for tax season launch
By Michael Cohn; Accounting Today ~  Jan 05, 2017    

GOP wins first Obamacare fight in Senate budget vote
By Stephen Dinan; The Washington Times ~ Jan 04, 2017  

Obama to Democrats: 'Don't rescue' GOP on 'Trumpcare'
By Allen Cone; United Press International ~ Jan 04, 2017

Battle lines drawn on ObamaCare repeal
By Peter Sullivan & Jordain Carney ; The Hill ~ Jan 04, 2017

Obama tries to rally Hill Democrats amid 'bittersweet' goodbye
By Heather Caygle; Politico ~ Jan 04, 2017  

Why 'Father of the 401(k)' regrets pushing the retirement plan
By Steven Porter; The Christian Science Monitor ~  Jan 04, 2017  

A Little Optimism on the Future of Retirement
By Ramesh Ponnuru; Bloomberg ~ Jan 04, 2017  

IRS Forms 1099 Are Coming, Packing A Tax Punch
From Robert W. Wood; Forbes ~ Jan 04, 2017  

House passes rules aimed at preventing lawmaker protests
By Cristina Marcos, The Hill - Jan 3, 2017

Conway: 'Pieces' of Obamacare replacement are ready
By Kyle Feldscher; The Washington Examiner ~ Jan 03, 2017  

Senate turns toward ObamaCare repeal
By Jordain Carney; The Hill ~ Jan 03, 2017  

New drug approvals fall to six-year low in 2016
By Ben Hirschler; Reuters ~ Jan 02, 2017  

Pence to huddle with House GOP on ObamaCare
By Melanie Zanona; The Hill ~ Jan 02, 2017  

Democrats extol health care law in bid to derail GOP repeal
By Richard Lardner; The Associated Press ~ Jan 02, 2017    

Medicare launches revamp for heart attacks, hip fractures
By Ricardo Alonso-Zaldivar; The Associated Press ~ Jan 02, 2017  

American Pharmaceuticals Keep Getting More Expensive, And Drug Market Transparency Isn’t Likely
By Robert Donachie; The Daily Caller ~ Jan 01, 2017  

4 Steps To Improving Your Finances In 2017
From Peter Lazaroff; Forbes ~ Jan 02, 2017  

10 Ways to Fend Off Medicare Surtaxes and Social Security Givebacks
From William Baldwin; Forbes ~ Jan 01, 2017

Q&A: The GOP's path to repealing health care law
By Alan Fram; The Associated Press ~ Jan 01, 2017

 House, Senate headed for clash on Medicare
By Alexander Bolton; The Hill ~ Jan 01, 2017  

LOCAL RETIREE ORGANIZATIONS

(If you are affiliated with a local Lucent retiree group, let us know we'll post your next event.)

WECO SAGE is a group formed by computer pioneers who worked for Western Electric Company in the 1950s and 1960s installing an Air Defense System for the United States Air Force. The members of this Group have maintained their personal, and in some cases professional, relationships for over 50 years. The Group, whose members once numbered in the hundreds, meet on an annual basis at different locations throughout the country.The 2015 reunion was held in Pacific Grove, California on the Monterey Peninsula on the 13th-15th of September. Contact Ron Trettau.


Club WECO-AT&T-Bell Labs-Lucent Technologies-Teletype-NCR-ALU. This group is intended primarily as a forum to connect (network) and maintain communication between past and/or current members. Video of the December 16 event is here.... Contact Jim Simak.


eX TELETYPE is for ex-Teletype Employees to keep in touch. Teletype Corp. was located in Skokie, IL and Little Rock, AK. The Spring gathering of Teletype and Lucent people and friends was held on Tuesday May 10. Mark your calendars..the November 2016 TTY Riggio's get together will be held on the 3rd Tuesday (November 15th.) due to the National Election. ..Contact John Furno.


lucent5-5 is for Lucent retirees who took the special 5+5 voluntary retirement on July 13, 2001 (or wish they could have!). Its purpose is to keep in touch, to help provide support for working with the Lucent Pension folks, and to talk about Lucent in general. To subscribe, send an email to lucent5-5-subcribe@yahoogroups.com.


PCLUCENTALUM This group was set up to facilitate communication among ex-Lucent employees in Northern California. Send email to pclucentalum@yahoogroups.com