Exciting News! A MUST READ AND SHARE! Dear Fellow Retirees, I am delighted to inform you that our fight to advocate for retirees pensions has been shifted into high gear. Since shortly after Verizon announced that it was off-loading 41,000 management retirees’ pensions to Prudential as group annuity contracts, the Association of BellTel Retirees and its sister organization, ProtectSeniors.Org has been active on the front lines. We have initiated an ongoing federal litigation for the 41,000 impacted retirees starting November 2012; Drafted and fought for federal and state legislation – with much attention on the state level where insurance laws are governed; Met with officials of the U.S. Department of Labor and the Pension Benefit Guaranty Corporation (PBGC); Sought the support of our friends at the Pension Rights Center and; Taken our case public to the court of public opinion via the news media to give this issue significant national exposure. What is clear is that our aggressive multi-pronged advocacy effort is bearing fruit. This week two very influential U.S Senators, Ron Wyden, Chair of the U.S. Senate Committee on Finance and Tom Harkin, Chair of the Committee on Health, Education, Labor & Pensions joined with us in calling upon: the U.S. Secretary of Treasury, Secretary of Labor, the Director of the Federal Consumer Protection Bureau and Acting PBGC Director to determine the serious and harsh long-term toll of de-risking on America’s retirees. Read their letter here: tinyurl/qj2o8jo While this is truly a huge step in elevating the debate we have been leading, the business of insurance is remains relegated to the 50 states under the McCarran-Ferguson Act. Our action campaign at the state level is critical. To WIN, we need YOU to make sure you are: • Active members of ProtectSeniors.Org & committed to the economic support for the group’s efforts; • Taking action to write legislators and local news media in a timely fashion when ProtectSeniors.Org asks. In 2014 so far, ProtectSeniors.Org’s critical messaging has been communicated to hundreds of key elected officials and appeared in media with a circulation exceeding 5 million. Let’s drive that recognition of our issues through the roof and with more active members giving our issues a taller stage and brighter spotlight; • 100% committed and 100% of you reading this note will take action and also recruit more retirees to join and support ProtectSeniors.Org, with your actions. Our growing success cannot be accomplished without you. Thank you for your loyalty and action. Join or renew your support of ProtectSeniors.Org today: tinyurl/kfy4fu5 Sincerely, C. William Jones President, Association of BellTel Retirees & Chairman, ProtectSeniors.Org & James Casey President, ProtectSeniors.Org
Posted on: Sat, 25 Oct 2014 03:52:15 +0000
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