Useful Internet Links For Retirees… These links are provided as a source of potentially useful information for members. The NRLN takes no position either with respect to the validity of the information or with respect to other purposes of the sponsoring persons or organizations. Click on the link to access the website. If you have ideas for other links, please…
By March 2009, GM had received billions of dollars in federal government loans and news stories were asking what would happen if GM went bankrupt. That month NRLN helped with the formation of the General Motors Retirees Association. John Christie was the founding President of GMRA and its website was launched on March 20, 2009. John was elected to the…
A November 19, 2023 article in The Register reported that George Adomavicius, who worked for IBM for 42 years before retiring in October 2020, has personally filed a lawsuit against his former employer claiming its recent healthcare benefit changes represents age discrimination. Adomavicius chose to sue on his own rather than hiring an expensive lawyer, “To correct a wrong.” The…
Social Security Trustees estimated the following in their 2024 report: The Old-Age and Survivors Insurance (OASI) Trust Fund will be able to pay 100% of total scheduled benefits until 2033. At that time, the fund’s reserves will become depleted and continuing program income will be only sufficient to pay 79% of scheduled benefits. (59.5 million receive these retirement benefits.) The…
An analysis in the JAMA (Journal of the American Medical Association) Internal Medicine on June 10 concluded: “We think the time has come to declare MA [Medicare Advantage] a failed experiment and abolish it. That would allow redeploying the $88 billion taxpayers will overpay MA this year to upgrade benefits for all Medicare beneficiaries.” READ THE ANALYSIS The conclusion was…
Medicare provides an enrollment period, October 15 – December 7, 2023, that allows beneficiaries to request changes in their original Medicare, Medicare Advantage (MA) and/or prescription drug plans. Most people sign up for both Medicare Part A (hospital insurance) Part B (medical insurance) or a MA plan during a period starting three months before turning age 65 and ending three…
Congresswoman Haley Stevens, (MI-11) briefly joins constituents Howard Baron (left) and Deborah Morrissette, NCRO, during discussion they were have with her Legislative Assistant, Rex Dyer.Jay Kuhnie, President, NCRO, listens to a question during his presentation on protecting retirees during pension plan de-risking.Fly-in briefing session guest speakers from Kaiser Family Foundation, (left) Meredith Freed, Senior Policy Analyst, KFF’s Program on Medicare…
Michael Calabrese, NRLN Senior Policy Advisor, who researched and wrote the NRLN/AREF white paper on Pension Plan ‘De-Risking’: Strengthening Fiduciary Duties to Protect Retirees testified on July 18 before the Employee Retirement Income Security Act (ERISA) Advisory Council. The 15-member council hears testimony, discusses retirement issues and presents recommendations to the Secretary of Labor regarding ERISA. I testified before the…
Michael Calabrese | National Retiree Legislative Network ERISA Advisory Council United States Department of Labor Hearing on PENSION DE-RISKING AND FIDUCIARY STANDARDS FOR DISTRIBUTED ANNUITIES | July 18, 2023 Introduction My name is Michael Calabrese, Senior Policy Advisor to the National Retiree Legislative Network, also known as the NRLN. The NRLN is a non-partisan, grassroots coalition established in 2003 that…
The 175-member Republican Study Committee a report for Fiscal Year 2024 Budget on June 14. It is filled with “political speak.” What it means that is important to retirees are: — An effort to terminate Medicare as we know it. The proposal recommends a “premium support” plan that would subsidize seniors for private insurance options that would compete with traditional…
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