Eli Shaff, LRO Secretary, Sends Email to Pat Russo Asking "affordable" to Whom on Health Care Costs 

 
Dear Ms Russo -
 
This is with regard to the quote in the below Reuters article ["We worked very hard to continue to maintain benefits that recognize the contributions they've made, and are affordable, and continue to do that." ]:  When you say  "...are affordable..", to whom are you referring?  The company or the retiree?  For me, the health benefit reductions you've effected have served to reduce my pension by more than 15%.  I don't think that recognizes the contribution I made nor does it enable me to respect a company that reneges on its commitments.
 
Your response and comments are requested.
 
Sincerely,
Eli Shaff   
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Alcatel deal not contingent on retirees-Lucent CEO
 
(Reuters - April 2, 2006) - Lucent Technologies Inc.'s plan to merge with French communications equipment maker Alcatel does not require approval from Lucent's retirees organization, Lucent's chief executive said on Sunday.
The Lucent Retirees Organization in a statement released earlier this week said the U.S. government should not approve the merger unless retired employees' pensions will be protected.

"We've said and continue to say we take very seriously our relationships with our retirees," Lucent Chief Executive Patricia Russo said on a conference call with investors. "We worked very hard to continue to maintain benefits that recognize the contributions they've made, and are affordable, and continue to do that."

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