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Former LRO President Andy Guarriello,- Rest In Peace

We are sad to report the passing of former LRO President and long time Board member Andy Guarriello. Andy passed on Friday, November 29 after a long illness. Andy was a key figure in the growth of the LRO and worked hard to establish a working relationship with key executives at Lucent, relationships which continue to this day. He served as LRO President from 2008 - 2010, and continued as an active board member and advisor to current president Joseph Dombrowski thorough 2017.

Andy had a distinguished career in Western Electric and A.T.&T Network Systems, retiring in 1995 from his position as Chief Operating Officer of the A.T.&T Power Systems unit. Previously he held a number of important positions in Western Electric Installation and later as Manager of the Washington Service Center in Arlington, Va. The Washington Service Center was among the largest of our Service Centers and served the politically sensitive areas of Washington D.C., Maryland and Virginia . Andy leaves behind a strong legacy of leadership and will be missed by his many friends from the LRO and the Western Electric Company.

The family intends a memorial service sometime in January.

NRLN’s Lobbying Efforts for You

The message below from the LRO Board of Directors cites the announcement from Nokia that the Nokia Retirement Income Plan "NRIP" (the pension plan for former management retirees) is funded at about 121% of its total benefit requirements. As a result of the well-funded pension plan, Nokia has decided to transfer up to $89 million of the excess pension assets to pay for Group Life coverage for eligible retired NRIP participants for the years ending December 31, 2019 and December 31, 2020. The transfer, if made, would occur on December 30, 2019.

At the request of Nokia and LRO, the NRLN has been advocating with members of Congress the passage of legislation that would amend the Employee Retirement Income Security Act (ERISA) and Internal Revenue Code (IRC) Section 420 to reduce the Section 420 surplus transfer limits from 120% and 125% to a lower level of 110%, subject to the requirement that annual plan surplus transfers be used for and may not exceed the combined annual life insurance and health insurance benefits or 1.75% of plan assets whichever is lower.

Passage of the amendment being lobbied by the NRLN would make it possible for Nokia (and other companies) with pension plans funded at 110% or more to use surplus funds to sustain benefits.

During the NRLN’s fall Fly-In to Washington, DC, NRLN Executive Director Alyson Parker and I met on September 24 with the Senior Policy Advisor on Pensions for Senator Chuck Grassley (IA), Chairman, Senate Committee on Finance, regarding Section 420. He said that the Chairman is supportive of the need to protect employees and retirees from losing what they have been promised, like the protection of life insurance that the Section 420 provision offers, as currently contained in the Portman-Cardin bill.

Also, on September 24, regarding the Section 420 amendment, a meeting was held with a representative of the ERISA Industry Committee (ERIC), which lobbies corporate benefits issues for America’s largest employers. ERIC supports the amendment in the Portman-Cardin bill and it will, if necessary, attempt to attach the Section 420 amendment to any other pension bill that moves in Congress and wants NRLN support to get it done when the time comes.

The NRLN not only lobbied for the Section 420 amendment but also advocated its pension recoupment proposal. Recoupment is when a pension plan sponsor finds an error in the pension payment calculation and forces a retiree (some Lucent retirees have experienced this) to pay back thousands of dollars and suffer a cut in his/her pension benefit. The NRLN is advocating that there be a limit on the number of years that retirees can be exposed to paying back overpayments and the percent that can be taken from their monthly pension checks to repay the pension plan.

Senator Grassley’s Senior Policy Advisor on Pensions indicated that recoupment is the type of issue that the Chairman likes to get involved in and that he expects that provision to get support from the Chairman and move through the legislative process.

Also, a meeting was held with the Senior Counsel on the Senate Health, Education, Labor and Pensions Committee for Ranking Member Patty Murray (WA). She said Senator Murray is supportive of the NRLN’s recoupment initiative. During an August meeting, Alyson and I had met with staff members for Representative Richard Neal (MA-01), Chairman, Committee on Ways and Means, we heard favorable comments about the NRLN’s support for legislation to protect retirees in pension recoupment.

Bill Kadereit, President
National Retiree Legislative Network


You will receive shortly an important notice from Nokia concerning your pension fund and the Group Life insurance fund. The first good news is that the Nokia Retirement Income Plan "NRIP" (the pension plan for former management retirees) is funded at about 121% of its total benefit requirements. Total assets in the plan are $17 billion which now allows Nokia to take further action to provide additional funding to our Group Life Insurance Plan.

You are probably aware of our concern that the Trust Fund which pays Group Life benefits has been expected to be depleted in a few more years. We have been working with Nokia to hopefully extend that for additional years. You should be aware that our retiree body is getting older and we are losing retirees at an increasing rate.

Under current federal law, a company with well funded pension plans (in excess of 120%) may transfer some of that excess to pay the cost of Group Life insurance. In order to do one of these transfers, an employer is required to notify participants at least 90 days before the date of the planned transfer. Although Nokia has not determined definitely that it will do the transfer, it is require to provide the notice now. As set forth in the notice, Nokia has determined that the excess above 120% is about $ 253 million.If they decide to move forward, they would transfer up to $ 89 million of the excess to pay for Group Life coverage for eligible retired NRIP participants for the years ending December 31, 2019 and December 31, 2020. The transfer, if made, would occur on December 30, 2019.

The transfer, if made, is expected to extend the life of the Group Life Trust for five years.

The Nokia notice closes with the assurance that the pension benefit for all NRIP participants is fully vested and nonforfeitable.

Questions about this transfer can be addressed to or 1-205-915-2908.


Lucent / Nokia Retirees Chapter

To: Lucent / Nokia Retirees       August 26, 2019

Lucent retirees who signed below are current NRLN leaders who have agreed to form a new Lucent / Nokia NRLN Chapter to be effective later this year. The NRLN will continue to collaborate with the existing LRO board and support their previously announced dissolving of the LRO in 2020.

Your Chapter will have a website, email capability, and we will post relevant Lucent / Nokia Chapter news, company news and contact information. Chapter leaders will confer with Nokia management if needed, the NRLN FOCUS newsletter will be posted online; contributors without online access will get a FOCUS by mail. You will receive our Action Alerts on important matters to address with your U.S. Representative and Senators, and at times with the President. You will also receive other emails to keep you informed on retirement issues.

The Chapter will operate under the same model and rules currently governing the Prudential and General Motors chapters and startup chapters like the DuPont and TVA Chapters. Visit the NRLN homepage at and click the Chapter tab on the taskbar to see a list of current Chapters.

What the NRLN Lucent / Nokia Chapter Will Initially Work on for You

Protecting Your Life Insurance Benefit: LRO President Joe Dombrowski and the LRO board have worked hard to get Nokia management to fund our life insurance trust that will be depleted in about four years. The LRO and NRLN are advocating amendments to the Employee Retirement Income Security Act (ERISA) and Internal Revenue Code (IRC) Section 420 to allow employers like Nokia to use a portion of the plan’s surplus assets to fund life insurance and healthcare benefits. The NRLN will work to get these amendments approved before this situation becomes a personal crisis. You may be asked to help by sending NRLN Action Alert messages to elected members of congress in your state.

Protecting Life Insurance and Healthcare Benefits from a Nokia Insolvency: Should Nokia become insolvent they may voluntarily terminate our pension plan and buy annuity contracts which would replace but protect pension income. However, under current law they also may terminate healthcare PPO insurance and or eventually life insurance benefits and remaining pension plan surplus (minus excise taxes) may be taken to pay operating expenses in order to avoid bankruptcy. We all remember similar circumstances when Lucent cancelled the Death Benefit and then used over a billion dollars of life insurance trust funds to avoid bankruptcy before merging with Alcatel. The NRLN will develop and lobby for proposed statute changes that would require using remaining surplus to continue paying healthcare and life insurance benefits as a priority.

Protecting Social Security and Medicare for Future Generations: NRLN proposals would protect benefits of both programs by reducing wrong and improper Medicare and Medicaid payments of $90 billion a year and Social Security by cost cuts and raising the taxable earnings limits up to $400,000 over several years.

Protecting Your Medicare Advantage Plan: The CMS (Centers for Medicare and Medicaid Services) uses taxpayer subsidies to fund Medicare Advantage plans to move Medicare toward privatization, shifting more costs to seniors. NRLN advocates that should privatization happen that Medicare Advantage HMO plan participants be “grandfathered” from reductions in benefits, guaranteed the protection of baked in subsidies, low or no premiums, deductibles and copays. Nokia’s PPO plan provides more benefits than HMO MA plans.

Lobby to Reduce What You Pay for Prescription Drugs: The NRLN is lobbying for bills in Congress that would allow importation of safe and less expensive drugs from Canada, would remove the prohibition on Medicare competitive bidding and end pay-for-delay and other brand drug makers’ tactics to delay or prevent cheaper generic drugs from coming to market.

Financial Support for the Chapter: The NRLN is 80% sustained by individual member annual contributions. We will ask for an initial Chapter startup contribution this fall and hope you will financially support your new NRLN Lucent / Nokia Chapter. Annual contributors will receive a Chapter membership card.

Contact us or update your email address at:

Bill Kadereit, NRLN President
Past LRO Board Member
Bob Martina, NRLN VP – Grassroots
2018 LRO Board Member
Ed Beltram NRLN VP – Communications
Past LRO Board Member
Joe Sciulli, NRLN VP – Social Media
2018 LRO Board Member


Insurance Benefits for Lucent Retirees

After the recent LRO Newsletter, many retirees asked about LUCENT/NOKIA insurance benefits. Here are the facts. Prior to 2003 every Lucent retiree had two death benefits: One is the death benefit paid to a surviving spouse from the pension fund equal to final annual salary. Management retirees lost this benefit in 2003. Non management who did not take the lump sum in 2015 still have this benefit.

Group life insurance is provided by the Company at no charge and is equal to final annual salary. All retirees have this benefit. Between age 65 and 70 it reduces 10% a year. At age 70 it stays at 50% of final salary. It is paid from a separate trust fund which is in danger of depletion in a few years.

Recently, Nokia indicated an intention to transfer money from the pension trust, which has over 120% of projected liabilities, to the life insurance trust. This would enable Nokia to pay Life Insurance benefits for a few more years.

Information on 2020 Open Enrollment is available on our Benefits Page

Nokia Benefits Website

As a reminder, retirees can use the YBR website 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, if applicable; and
  • Projecting pension benefits and/or electing to commence pension benefits, if applicable.

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

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.


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.


In May, you should have received from Nokia the Annual Funding Notice (AFN) reporting the status of your pension that they are required to send you each year on April 30. In this status report we will provide some comments on the data in the AFN and also on the information Nokia reported to the SEC earlier this year. The current data in the two documents will probably be the last new current pension status data for this year.


Rather than duplicate links to articles that are posted IN THE NEWS on the NRLN website home page, we will endeavor to post here articles of particular interest to Lucent Retirees. Please visit for a wider range of news of retiree news.

Exit of Nokia’s Dealmaking Chairman Stirs Talk of Strategy Shift
By Kati Pohjanpalo & Niclas Rolander; Bloomberg ~ Dec 03, 2019

Opinion: It’s now up to Nokia whether it punches back or gets hit again: analyst
By Monica Alleven ; FierceWireless ~ Nov 27, 2019

Nokia axes chief operating officer role as part of its reorg
By Mike Robuck; FierceTelecom ~ Nov 25, 2019

'We don't have a 5G problem,' says Nokia's head of software
By Anne Kauranen; Reuters ~ Nov 20, 2019

Nokia Stock Without the Dividend is Simply Not Any Kind of Speculative Buy
From Will Ashworth; InvestorPlace ~ Nov 20, 2019

Nokia touts more than 120 private LTE network deployments
By Bevin Fletcher; FierceWireless ~ Nov 19, 2019

Did You Manage To Avoid Nokia's (HEL:NOKIA) Painful 52% Share Price Drop?
Via Simply Wall St; Yahoo Finance ~ Nov 18, 2019

AT&T, Nokia Partner on IoT Development Site in Germany
Via News Wire Feed; Light Reading ~ Nov 14, 2019

Nokia Stock Won’t Recover Until It Restores Dividend Payments
From Mark R. Hake, CFA; InvestorPlace ~ Nov 13, 2019

Why Nokia Shares Fell 28% in October
By Anders Bylund; The Motley Fool ~ Nov 11, 2019

Nokia in Line for 5G Contracts Worth up to $2.2B With Chinese Telcos
By Iain Morris; Light Reading ~ Nov 11, 2019

Plans in the works to sell, subdivide partially vacant 175-acre Nokia property in Naperville
By Erin Hegarty; Naperville Sune ~ Nov 08, 2019

Microsoft and Nokia reunite for new alliance, 5 years after failed $7B smartphone megadeal
By Nat Levy; GeekWire ~ Nov 05, 2019

Nokia’s stock-market dive causing concerns in investors and employees
Helsinki Times ~ Nov 04, 2019

Nokia Staff Say Internal Politics Distracting Managers From 5G
By Kati Pohjanpalo; Bloomberg ~ Oct 31, 2019

Nokia Hires 350 R&D Experts to Fix 5G Problems
By Iain Morris; Light Reading ~ Oct 30, 2019

Nokia's 5G Chip Choice Leaves It Exposed
By Iain Morris; Light Reading ~ Oct 28, 2019

Nokia Aims for Better 5G Days as Investors Panic
By Iain Morris; Light Reading ~ Oct 24, 2019

Nokia’s stock keeps falling as profit warning triggers slew of price target cuts
By Tomi Kilgore; MarketWatch ~ Oct 25, 2019

Why Nokia Shares Crashed Hard Today
The Finnish telecom equipment veteran delivered decent third-quarter results but also slashed its long-term earnings guidance while punching the "pause" button on dividend payouts.

By Anders Bylund; The Motley Fool ~ Oct 24, 2019

Nokia Tanks After Cutting Outlook, Sacrificing Payout for 5G
By Niclas Rolander; Bloomberg ~ Oct 24, 2019

Opinion: We Think Nokia (HEL:NOKIA) Is Taking Some Risk With Its Debt
From “Simply Wall St”; Yahoo Finance ~ Oct 11, 2019

Nokia Touts 5G Patent Holdings
Via News Wire Feed; Light Reading ~ Oct 09, 2019

AT&T, Google, Nokia part of ecosystem driving CBRS - analysts
By Monica Alleven; FierceWireless ~ Oct 07, 2019

Trump gives shout-out to Nokia—and CWA notices
By Monica Alleven; FierceWireless ~ Oct 03, 2019

Is 5G a Tailwind or a Headwind for Nokia Stock? Although the 5G rollout benefits NOK, it also provides the same growth channel to the competition
From Josh Enomoto; InvestorPlace ~ Sep 23, 2019

Nokia: 5G is in a state of flux and will be until 2021
By Chris Kelly; Total Telecom ~ Sep 10, 2019

Nokia touts first commercial 5G cloud RAN deployment (psst — it’s Verizon’s)
By Kelly Hill; RCR Wireless News ~ Aug 23, 2019

Nokia Delays Sprint's 5G Rollout
By Mike Dano; Light Reading ~ Aug 14, 2019

Nokia, Ericsson, Cisco Pull US Operators Toward Standalone 5G
By Mike Dano; Light Reading ~ Aug 12, 2019

Ericsson, Nokia at Front of Queue for Orange 5G Contracts
By Iain Morris; Light Reading ~ Aug 06, 2019

Nokia's stock soars on heavy volume after earnings beat, raised outlook
By Tomi Kilgore; MarketWatch ~ Jul 25, 2019

Nokia is taking advantage of Huawei's 5G pain
By Michael Scaturro; CNN Business ~ Jul 25, 2019

Nokia Launches Beacon 1 Mesh Wi-Fi System
By Tim Verry; PC Perspective ~ Jul 18, 2019

Three UK Builds 5G-Ready Cloud Core Network with Nokia
Via “News Wire Feed”; Light Reading ~ Jul 16, 2019

Seriously, Nokia’s 5G Portfolio Makes NOK Stock Worth a Shot
By James Brumley; Investor Place ~ Jul 12, 2019

Nokia’s New Home Wi-Fi Router Takes Aim at Amazon and Google
By Lauren Goode; Wired ~ Jul 09, 2019

Nokia boss warns against tougher telecoms security rules
By Nic Fildes; Financial Times ~ Jul 02, 2019