NRLN y RETIREES CHAPTER


To. Avaya Retirees Chapter Members of the NRLN – May 1, 2017
Subject: Reminder Proof of Claim 410 Form - The Bar Date to file is May 8, 2017

Here is the link to the Avaya court web site, you can fill out your claims on line and submit. https://cases.primeclerk.com/avaya/Home-DocketInfo

Avaya cancelled the payments of the Supplemental Pensions on February 1, 2017 and has stated in their Plan that these will be treated as unsecured creditors debt and will be paid out of the general recovery pool according to bankruptcy court.

However, Avaya has not canceled any other paid benefits yet. They have a reorganization/restructuring plan on file now with the court that states they want to continue the pension plans and the, OPEB (Other Post-Retirement Employment Benefits), however, the challenge is that Avaya still needs to gain a consensus of the creditors to accept the plan.

The court date for objections to their plan is not until May 25,2017, well after our Bar Date to file claims, which is May 8th, 2017.

If the Avaya restructuring/reorg. plan is not approved and Avaya is forced by the creditors to cut more expenses and they in turn cancel any benefits like your company paid group life insurance, Dental or HRA funding they will notify you in writing and you are allowed to convert your life insurance, etc. coverage so you can continue the coverage if you desire and it would be paid by yourself.

The dollar value lost to you is the cost of this insurance, these premiums costs to you to continue to provide a like benefit to your beneficiary. You can search for cost of these premiums by a local insurance agent. The Company paid insurance we have that covers you until you die, is not a fixed term until you reach age 70. The face value declines between 66 and 70 at 10% of the original face value each year. Then it stays at the 50% amount of your salary level.

In the attachment to the 410 form you can say that in the event that should Avaya cancel the Basic Life Insurance (Dental, HRA funds, etc.) then my claim is the cost of equivalent insurance that I would have to purchase over my expected lifetime.

You should plan to put in a claim for your beneficiary (spouse) for the insurance face value. In case Avaya stops paying for these benefits.

If we submit a Proof of Claim, we at least have a claim on file just in case Avaya is forced to cancel the Basic Life Insurance or any other Post-Retirement Employment Benefits post-petition.

Subject: Instructions for form 410

Who is the Debtor? Avaya Inc.
What is the Avaya case # (17-10089)
Line 1, you are the creditor.
Line 2, answer is No.
Line 4, answer is No, if this is your first claim.
Line, 5, answer is No.
Line 6, answer is No.
Line 7, amount of Claim $.
Line 8, list what the claim is for, important. e.g. Life Insurance, HRA, Dental, Supplemental Pension, etc.
Line 9, No.
Line 10, No.
Line 11, No.
Line 12, if you cannot check any of the boxes yes, then the answer is No.
Line 13, answer is No.
Part 3, Check, I am the creditor, then sign...

Attach your Supplemental Pension W2 form that shows your yearly amount, redact you're your first 6 numbers of your Social Security number

Use a life expectancy table to calculate how long you should live, IRS and Social Security also has a simple one (search for SSA. Life Expectancy Calculator) multiply your monthly supplemental pensions times your number of years you will live and claim that amount. The spousal survivor-ship portion can be calculated as well.

I would also attach an explanation letter which can be as simple as: I am an Avaya retiree. I receive the following retirement benefits from Avaya: (list the benefits). This claim is made in the event that Avaya does not pay those benefits. The value of those benefits if they were to stop are $XXXXXXX.

You can go on the primeclerk site below and download the claim form and also see other forms that have already been filed. https://cases.primeclerk.com/avaya/Home-DocketInfo

Avaya Benefits Web site: https://www.avaya.com/benefitanswers/
Avaya Pension site: https://leplb0660.portal.hewitt.com/web/avaya/login?forkPage=false Avaya Pension Service number is 1-844-868-6236

Please sign up to join our Chapter on blue link below if you have not already done so.

Thanks, in advance for your support in creating a strong NRLN Avaya Retirees Chapter to serve as your voice on the protection of our pension and other retirement security issues.

If you know any other Avaya Retirees please send them this link below and ask them to join. To register to our Avaya Retirees Chapter of the NRLN, this will add you to our email list and to other NRLN news.

http://www.123contactform.com/form-2450889/Avaya-Contact-Registration-Form

If you have any questions or concerns just call me 402-203-6899 or email me and I will get back to you. You should also check out our NRLN and the Avaya Retirees Chapter’s webpage often for new information http://www.nrln.org/CHAPTERS/AVAYA/avayachapter.html . To learn more about the NRLN click here. www.nrln.org.

Regards,

Vern Larson, President,
NRLN Avaya Retirees Chapter

Avaya, bankruptcy and the state of the changing communications market
By Justine Brown; CIO Dive ~ May 23, 2017

Avaya sells networking business to Extreme Networks for $100 million
By Natalie Gagliordi ; ZDNet ~ Mar 07, 2017

Avaya's Chapter 11 filing sends waves of disruption
By Guy William Clinch, NetworkWorld - Feb 10, 2017

Legally & Practically: What Avaya's Chapter 11 Means to Customers
By Marth Buyer, No Jitter - Feb 8, 2017

Avaya Partners Relieved by Chapter 11 Filing, Decision Not to Sell Call-Center Business
By Edward Gately; Channel Partners ~ Feb 01, 2017

Avaya granted $425m loan from US court
By James Pearce; Capacity Media ~ Jan 23, 2017

Avaya files for Chapter 11 bankruptcy, won't sell contact center assets
By Larry Dignan, zdnet - Jan 19, 2017

Telecom Company Avaya Files for Bankruptcy
Reuters report in Fortune – Jan 19, 2017

Multibillion-dollar phone firm deal may fall apart
By Josh Kosman, New York Post - Jan 4, 2017


NRLN Avaya Retirees Chapter Working to Protect What We’ve Earned


Another important release from August 25, 2016


The NRLN Avaya Retirees Chapter has been working database


June 16, 2017
The article below is only for information relevant to the NRLN’s agenda but not necessarily a reflection of the NRLN’s position on issues. Vern Larson, President – Avaya Chapter of the NRLN The NRLN is nonpartisan and its positions on retirement issues are presented in its Legislative Agenda and white papers that can be accessed from the Legislative Agenda tab at www.nrln.org.

Trump White House at work on executive order tackling drug prices

By Eric Sagonowsky; FiercePharma ~ Jun 14, 2017

If President Donald Trump can’t count on Congress to pass legislation targeting high drug prices, his administration may have to go it alone. The White House is working on an executive order on the issue, according to BioCentury, with eyes on value-based contracting for executive agencies.

The executive order would also seek trade policies that protect American drugmakers’ intellectual property rights abroad, according to BioCentury’s sources. The White House didn’t immediately respond to a request to confirm the details.

Since winning the U.S. election, President Trump hasn’t been shy about criticizing pharma, saying back in January that the industry has been “getting away with murder” with high drug prices. At the time, he said the government would implement competitive “bidding” to save billions in costs—not a popular proposal in the drug industry.

RELATED: Trump to pharma: You're 'getting away with murder,' and I'm the one to stop it

Some of the president's other ideas are favored by pharma, however, including a potential tax repatriation holiday, a tax overhaul, fewer regulations and trade policies that defend U.S. pharma’s IP rights.

The BioCentury report comes a day after the Senate’s Health, Education, Labor and Pensions committee convened a hearing to discuss drug pricing; two follow-up hearings are planned later this summer.

Also on Tuesday, Sen. Ron Wyden, D-Ore., introduced the SPIKE Act aimed at deterring the large drug price hikes that have made so many headlines over the last two years. Sen. Wyden’s bill would force drugmakers to justify price hikes above a certain threshold. It could require some companies to disclose R&D and marketing costs, another unpopular idea in biopharma.

RELATED: New FDA commissioner Gottlieb unveils price-fighting strategies

The bill targets not only sky-high price hikes like Turing Pharma’s notorious 5,000% increase on Daraprim but also smaller hikes on big-selling drugs that can hit Medicare and Medicaid budgets hard. It would allow drugmakers to roll back their price hikes if they don’t want to release information justifying the underlying costs.

And while the FDA can’t regulate drug prices, President Trump’s new agency chief recently unveiled some of his own tactics aimed at lowering costs.

RELATED: Pharma CEOs, eager for tax breaks and regulatory help, make nice with Trump

Last month, FDA Commissioner Scott Gottlieb said the agency will publish and update a list of medications that are off patent and have no competition; work to improve generic review times; and seek to “curtail gaming” of regulations by the industry that allows companies to extend patent monopolies.

On the first strategy, Gottlieb said such a list could “entice competitors into the market” and ultimately lower costs.

A number of proposals, including Medicare price negotiations and drug importation, are pending in Congress, but none has been taken to a vote this session. Meanwhile, lawmakers in more than 30 states are trying to pass their own bills to rein in pharmaceutical costs.


Avaya Retirees Chapter Contribution Form


National Retiree Legislation Network – Avaya Retirees Chapter Contribution Form The NRLN is a nonprofit, tax-exempt organization. Contributions are not tax deductible.

Name__________________________________

Age __under 55; __ 55-64; __ 65 or over

Address________________________

City_____________State___Zip_____Zip+4 ____

Phone___________________

Email Address (if available)____________________________

I get my retirement benefits from______________________________(name of company)

Mail with your check or money order (no cash) for $25, $50, $75 or more (any amount will be appreciated) payable to NRLN, Inc., P.O. Box 18757, Washington, D.C. 20036-8757

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  Copyright 2012 June 17, 2017