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Select AT&T Retirees To Receive Pension Increase |
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Monday, 30 April 2007 |
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AT&T Chairman and CEO Ed Whitacre announced at the company's annual shareholders meeting on April 27, 2007 that there would be an ad hoc pension increase for certain retirees.
The pension increase applies to retirees who retired before 1996 and currently receive a monthly pension benefit of $1,200 or less. These retirees will receive increases up to 6.2 percent, with the largest increases going to retirees in this group who currently have the smallest pensions. The Union has not received the full details concerning this company initiative but as soon as we obtain and review them, we will share it with our Member’s. |
