NRLN Joins with Ad Hoc Coalition To Restore Retirement Security
Group this sends letter to Senator Kerry
Ad Hoc Coalition to Restore Retirement Security
Dear Senator Kerry:
The undersigned organizations represent hundreds of thousands of individuals who spent their careers loyally working for some of the largest, most prominent and prosperous companies in the nation. We trusted our employers to make good on their promises that our hard work would be acknowledged and compensated during our "golden years". Instead, without conscience or consequence, they significantly reduced, and in many cases canceled, the benefits we worked long and hard to earn.
We are pleased that you include pension issues in your Workers' Bill of Rights. Specifically, we are heartened that you recognize the need for companies to be required to offer employees affected by "cash balance conversions" to be offered the option to remain in their traditional pension plans. You also acknowledge the unfairness of requiring employees in Enron-type situations to hold onto company stock held by their 401(k) plans when company officials are selling their shares.
We ask that you pledge that if you are elected President you will take steps to ensure that individuals affected by Enron-type situations will be able to fully cover their losses, and that you will also support the measures outlined in the attached "Fulfilling the Promises" document that would remedy other equally egregious broken pension and health insurance promises.
Thank you for your consideration. If you have questions or need further information, please contact the Coalitions spokesperson, Janice Winston (215) 843-3357.
Allstate Agents Pension and Benefits Action Coalition
Contact: Ron Harper (760) 595-9656
Association of BellTel Retirees, Inc.
Contact: C. William Jones (410) 770-9513
Association of MCI/WorldCom 401(k) Participants
Contact: Steve Vivien (415) 336-1157
Association of U.S. West Retirees (AUSWRA)
Contact: Nelson Phelps (303)743-7928
AT&T Concerned Employees (ACE)
Contact: Jane Banfield (908) 204-0373
Coalition for Retirement Security
Contact: Paul Edwards (413) 796-1710
Detroit Diesel Allison Retirees
Contact: Dick Schwaller (248) 348-1321
Dresser Clark Employees Action Group
Contact: Kathy Joy-Kirkendall (716) 373-7310
Enron Employees for Real Retirement Reform
Contact: Charles Prestwood (936) 445-1707
Johns Manville Retirees Association
Contact: John Leasher (303) 697-6258
Kaiser Aluminum Salaried Retirees Association (KASRA)
Contact: Robert Irelan (916) 354 - 3810
National Retirees Legislative Network
Contact: Jim Norby (706) 200-9867