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sciulliCHAPTER PRESIDENT'S MESSAGE

August 27, 2021

Healthcare Survey Results

On August 25, the NRLN closed its survey which opened on July 13. The purpose of the survey was to collect information on what NRLN members over age 55 pay for healthcare under the coverages of their various insurance plan types; how healthcare costs affect their economic stability, and to assess their interest in adding an out-of-pocket cap to original Medicare – would it help them meet financial obligations. A narrative of the survey results is available here.

Our thanks to the more than nine hundred Lucent Chapter members who responded to the survey. Some additional results from these members are shown here. An overall conclusion is that there are many options for healthcare coverage, each with monthly premium, annual deductible, overall out of pocket maximum, co-pays, coverage and network options, etc. It pays to shop!

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Please note the changed schedule for Open Enrollment this year.


HOW YOU CAN HELP OUR CHAPTER

  • Be an active member. Respond to Action Alerts. Congress does listen to what constituents are saying. Your letters supporting NRLN lobbying efforts make a difference. Congress knows that those letters and emails are from retirees trying to protect retirees.

  • Reach out to other retirees that you know through clubs, your emails or Facebook. We need them to join us to gain strength. Ask them to sign up for emails here.

  • Volunteer your time. We need folks who are a little younger than mid-eighties to help in small ways. It’s time for the next generation -- you know, you 60- to 70-year-olds, to step up! Bob Martina needs Grassroots volunteers. . If you have HR experience, you could be very helpful in the benefits area. If you think you would like to help, even a few hours a week, email me at lucentchapter@nrln.org.

  • Support us financially. Your contribution of $25 or more is important to finance the work of the new chapter. Click here to make your contribution by credit card or send a check to NRLN Inc., and mail to PO Box 69051, Baltimore, MD 21264-9051.

Let’s get our new chapter off to a strong beginning!



MARK YOUR CALENDAR

open enrollment

PENSION NEWS

How we run our money: Nokia

In the article below, Arto Sirvio, Nokia’s director of pensions, tells Carlo Svaluto Moreolo how the communication and information technology company manages a large portfolio of pension plans. Reprinted from January 2018.

In a world where corporate behaviour comes under closer scrutiny, the way companies treat current and past employees is critical. Ensuring they are financially secure in retirement is not something that can be overlooked by management boards. But for a company such as Nokia, which has about 100,000 staff and more than 200,000 retired employees, pensions can become a great challenge... Click here for the full article.


LUCENT RETIREE ISSUES BEING PURSUED BY THE NRLN

The LUCENT CHAPTER is working with the NRLN to influence Congress on issues important to us. Click here to see some samples.


Nokia Benefits Website

Retirees can use the YBR website at https://digital.alight.com/nokia for benefit-related activities such as:

  • Enrolling in Nokia’s health and welfare plans (e.g., medical and dental);
  • Making and/or changing Nokia Savings/401(k) Plan elections;
  • Updating dependent or beneficiary information
  • Projecting pension benefits and/or electing to commence pension benefits.

Nokia Benefits Resource Center (NBRC)1-888-232-4111
International Long Distance 1-212-444-0994

Other links here.


review focus READ THE LATEST ISSUES OF REVIEW AND FOCUS HERE


NOKIA IN THE NEWS

This column contains media links to articles of particular interest to Lucent and Nokia retirees.Please visit www.nrln.org for a wider range of retiree news.

Opinion: Why Nokia Rallied More Than 14% in July
By James Brumley; The Motley Fool ~ Aug 09, 2021

Nokia Stock Is Riding the 5G Wave. Why the Rally Could Continue.
By Steve Goldstein; Barron’s ~ Aug 06, 2021



Do we have your current email address?

We regularly inform members about important news. If you have mistakenly 'unsubscribed' to one of our emails, you will no longer hear from us unless you re-subscribe. To “re-subscribe”, or to sign up to receive our emails, or if you are not sure we have your current email address, click HERE.


HELP FOR SURVIVORS

We receive frequent requests for dealing with the passing of a retiree or surviving spouse. Consequently, we have created a document that focuses on communicating with Nokia benefits and pensions, along with links to websites with checklists for other family issues. The document is available here.


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