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   comp.dcom.telecom      Telecommunications digest. (Moderated)      17,262 messages   

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   Message 16,222 of 17,262   
   danny burstein to All   
   [telecom] AT&T dramatically cutting life   
   27 Dec 21 03:20:19   
   
   From: dannyb@panix.com   
      
   [WSJ]   
      
     AT&T Slashed Promised Life Insurance for Former   
   Workers - and Time Runs Out at Year-End   
      
   When Dean Allison left his job as a property manager at AT&T   
   in 1998, the company offered an incentive to retire: a payment   
   of at least $63,000 upon his death.   
      
   He took the deal, figuring the money would someday help his wife cover   
   funeral expenses, pay outstanding bills and have more to live on.   
      
   Early in 2021, AT&T told Mr. Allison it would pay no more than $15,000 if   
   he dies after Dec. 31.   
      
   AT&T's decision to cut life insurance and death benefits as of Jan. 1   
   for many of the 220,000 retirees eligible for the benefits has roiled a   
   generation of workers who say their former employer is reneging on a   
   promise.   
           ========   
   rest (URL should get past paywall [a]):   
      
   https://www.wsj.com/articles/at-t-slashed-promised-life-insuranc   
   -for-former-workersand-time-runs-out-at-year-end-11640544022?ref   
   ink=desktopwebshare_permalink   
      
   [a] WSJ approves sharing by paid subscribers   
      
   _____________________________________________________   
   Knowledge may be power, but communications is the key   
    		     dannyb@panix.com   
   [to foil spammers, my address has been double rot-13 encoded]   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

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