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I am looking forward to working with you as President of the new Lucent / Nokia Retirees Chapter. The LRO Board announced in a November 6 message to LRO members it is planning to hold a final meeting of the membership to vote to approve the plan for dissolution now scheduled for March 25, 2020 in Dallas, TX. As one of the founding LRO Board members, I recognize that the dissolution will end 17 years of exceptional LRO service to you. A group of us who have served on the board in the past have volunteered to continue the work for your interests with support from NRLN.

The remaining Nokia issues of pensions, life and healthcare insurance increasingly require lobbying Congress for national solutions. We are currently lobbying hard to get our life insurance protected. In addition, prescription drug costs, Social Security and Medicare are ongoing national issues that face current and future Lucent/Nokia retirees, as well as retirees from all companies. Our issues today will impact our kids and grandkids in the future if our generation doesn’t address them now.

Your Chapter will continue the fight with the support of two million other NRLN retirees and professional staff to lobby for legislation that will protect current and future retirees. The NRLN has the numbers, experience on Capitol Hill and the expertise to influence legislation. The LRO’s 17,000 retirees represent a powerful component of that force. Your active participation can make a difference.

Our new chapter will continue to provide current personalized services to you. Herb Zydney has agreed to continue authoring the benefits page. Al Duscher will work on pension and life insurance issues with assistance from Frank Minter. Bob Martina will continue as legislative/grassroots director. We need a volunteer to assist with Nokia health care benefits questions. I, with the help of Ed Beltram, will continue to provide daily updates to our chapter web page. Also, Bill Kadereit and I are working with Joe Dombrowski on a final transition plan that will be available soon.

To provide ongoing services and to really be an effective force for you, we need your continued support in three ways that won’t even require leaving your computer screen or favorite armchair:

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

Joe Sciulli, Chapter President



December 2019

The National Retiree Legislative Network (NRLN) mailed a letter to you on August 26 to inform you that a new NRLN Lucent / Nokia Retirees Chapter would be formed this year because the Lucent Retirees Organization (LRO) is moving toward dissolution in 2020. You may have read the November 6 email from LRO President Joe Dombrowski in which he reported on the LRO Board’s October meeting. The primary focus of the Board meeting was to go over the plan for dissolution of the LRO in March 2020. If you have not received the message, I encourage you to read it on the LRO website home page at I was please to read in the message that Joe committed to schedule a meeting with me to formalize a support agreement with the NRLN Lucent / Nokia Retirees Chapter.

The Chapter’s leadership team is coming together as you will read in the nearby letter from Joe Sciulli, who is President of your Chapter. Joe is a former LRO Board member and is on the NRLN Board.

Your support is needed as an individual member of the Chapter and the NRLN to address the following issues. (Be sure to read the last paragraph on how you can help.)

Life Insurance Benefit: The LRO has been dealing with Nokia for years to secure additional funding for the underfunded Group Life Insurance Trust (GLI). Recently Nokia announced it plans to transfer up to $89 million of the excess pension assets to pay for Group Life coverage for eligible Lucent / Nokia retirees. The NRLN, LRO and Nokia continues to lobby members of Congress to pass 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 would make it possible for Nokia (and other companies) with pension plans funded at 110% or more to use surplus funds to sustain benefits.

Pension Recoupment: The NRLN is also advocating 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 wants to 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.

Corporate Mergers: You have gone through the corporate mergers with Alcatel-Lucent and Nokia. The NRLN has developed a whitepaper and is lobbying Congress for legislation to protect retirees in corporate mergers, acquisitions and spin-off.

Social Security: Beginning in 2020, Social Security will pay more in benefits than it takes in from taxes and interest. Social Security will deplete its $2.9 trillion reserve fund in 2035. While the program will not go bankrupt due to payroll taxes, benefits would be cut by about one-fourth. To prevent a cut in benefits and fund the program for the next 75 years, the NRLN is supporting passage of Social Security 2100 Act in Congress.

Medicare & Medicare Advantage: Original Medicare’s Hospital Insurance program (Medicare Part A) is pointed toward insolvency by 2026. At that time, Medicare Part A will only have enough funds to pay about 87% of costs. Congress is allowing the Centers for Medicare and Medicaid (CMS) to use taxpayer dollars to subsidize insurance companies for Medicare Advantage (MA) plans to serve as a move toward privatization. The NRLN opposes the use of MA plans to privatize Medicare. The NRLN is also advocating that original Medicare participants have access to the special benefits being offered in MA plans. If Medicare is privatized, current MA plan participants should be grandfathered to protect their benefits and subsidies.

Prescription Drug Prices: The NRLN is lobbying to allow Medicare to do competitive bidding for lower prescription drug prices; end pay-for-delay and other brand name drugmakers’ tactics that keep generic drugs off the market, and allow importation of safe and less expensive drugs from Canada.

How You Can Help: You can help get your Lucent/Nokia Retirees Chapter started with a strong financial foundation by making your individual contribution of $25 or more. Any amount contributed will be appreciated. Make your check or money order payable to NRLN, Inc. Or, make your contribution with your credit card at Also, you can help by responding to NRLN Action Alerts and asking Lucent/Nokia retirees that you know to sign up at to receive Chapter and NRLN emails.

Lucent / Nokia retirees who contribute to the NRLN will receive a Chapter membership card.

Bill Kadereit, NRLN President, Lucent Retiree and LRO Founding Member

donut hole

The donut hole is closed, but drugs won’t be free! Click here to read the entire article that has important information.


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

Opinion: Why Pressure on Huawei Isn’t Going to Save Nokia Stock
From Vince Martin; InvestorPlace ~ Jan 24, 2020

Nokia CEO Sees Tech Spurring ‘Massive’ Global Productivity Gains
By Kati Pohjanpalo; Bloomberg ~ Jan 21, 2020

Nokia October warning investigated by local FSA: newspaper report
By Tarmo Virki; Reuters ~ Jan 18, 2020

Nokia Stock Can Climb to $5.00
From Chris Lau; InvestorPlace ~ Jan 09, 2020

Private Network Operator INET Expands With Nokia
Via “News Wire Feed”; Light Reading ~ Jan 07, 2020

Nokia is Preparing to Come Roaring Back in the New Decade
By Brad Moon; InvestorPlace ~ Dec 31, 2019

Nokia Scores 5G Win with Vodafone Hutchison Australia
Via News Wire Feed; Light Reading ~ Dec 31, 2019

Why 2020 Could Be a Happy New Year for Nokia Stock Investors
From Chris Tyler; InvestorPlace ~ Dec 26, 2019

Nokia Lands Another 4G/5G Private Network Deal
By Ray Le Maistre; Light Reading ~ Dec 23, 2019

Nokia Margin Compression Leaves Us Bearish on the 5G Name Well Into 2020
By Faisal Humayun; InvestorPlace ~ Dec 20, 2019

The Outlook of Nokia Stock Appears to Be Hopeless
By Tom Taulli; InvestorPlace ~ Dec 10, 2019

How Does Nokia Make Money?
From “Trefis Team”; Forbes ~ Dec 10, 2019

Is Nokia Corporation (NOK) Going To Burn These Hedge Funds ?
By Reymerlyn Martin; Insider Monkey ~ Dec 07, 2019

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


FACTS about our Life Insurance benefits

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.

Nokia Benefits Website

As a reminder, retirees can use the YBR website for benefit-related activities such as:

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.