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For The Record.(Briefs)(Lucent Technologies Inc. ends death benefit for management retirees)
Business Insurance, January, 2003
Lucent eliminates retiree death benefit In an effort to restore profitability, struggling telecommunications equipment maker Lucent Technologies Inc. is discontinuing a special death benefit for its management retirees. Lucent alerted some 31,000 former management employees in a Jan. 2 letter that, beginning Feb.
1, it will no longer pay death benefits to former management employees' spouses, children under the age of 23 or dependent parents. Lucent also has negotiated a new contract with members of the Communications Workers of America and the International Brotherhood of Electrical Workers that would increase copayments on their health care benefit plans from $10 to $20. Domenici renews push for full mental parity Chief congressional mental health care...
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