Management at Lucent totally screwed over the management guys. As soon as they retired, they lost spousal benefits completely, death benefits as well. Medical went through the roof so everyone bailed on the Plan, went out on their own... Sickening real world, after giving their all for decades..
Thankfully, because we had a Contract, Defined Plan, it's held together fine, Medicare took over most, but it's managed by our Group Plan, drugs, eye care, dental, all still intact... Not managers... They were screwed. They drank the KoolAid, got the shaft.
weco
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