In terms of the Nokia merger There is a fear since Nokia is a foreign company our pensions would no longer be protected. %%EOF endstream endobj 272 0 obj <>stream Alcatel-Lucent Pension Functionality, London, completing a 100 billion ($123.7 million) buy-in at Pension Insurance Corp. Alcatel-Lucent enters into second buy-in for U.K. pension plan | Pensions & Investments - Brink's offers lump-sum payment to former employees 3QxbOJZL3 i`/ 4(yKH.WT=\}LN8V^*~& To read about CWA Members, Leadership or Industries, visit ourAbout page. The Columbus Dispatch Tuesday February 16, 2016 5:00 AM. This offer, called the Alcatel-Lucent Retiree Lump-Sum Window Program, formally began on July 20, 2015 and ended on September 25, 2015. Call 1-888-232-4111 and select "Retirement and Investments", then select "Pension". Information about your Pension Plan benefit is also accessible, and pension transactions can be initiated, online through the Your Benefits Resources (YBR) website at http://resources.hewitt.com/nokia, 24 hours a day, seven All of this is costly to the company. Early this year Alcatel-Lucent announced they were investigating offering a voluntary lump sum buy-out of retiree pensions. Alcatel-Lucent enters into second buy-in for U.K. pension plan In fact Alcatel-Lucent was a foreign company and they could not take our pension funds. You may also contact the Alcatel-Lucent Retiree Lump Sum Window Benefits Center at (866) 617-7164. Alcatel-Lucent to expand lump-sum offer to 32,000 more participants BIs Article search uses Boolean search capabilities. Our legal department and our research department both came to the same conclusion: U.S. law that currently protects the pension benefits of our members will still apply if Nokia purchases Alcatel Lucent.