I see the Rule of 75 of work and age being posted all the time. Is this an ATT thing or a general thing
As far as ATT being concerned, what happens if you meet the criteria at the time of a surplus/retirement. I am interested in knowing about the medical and any benefits etc. that apply.
TIA
Is it that hard for people to do simple addition? Take your age.. you do know how old you are don't you? Take the number of years you've wasted at AT&T. Add those numbers together. If its 75 or more, you qualify! If the math is too hard for you then no wonder the company is struggling with these kinds of employees.
Ironically the IBM network people get much better health care benefits (in terms of cost) under rule of 75 than the acquired BellSouth people. I know, I got the the deal. Your benefits, pension (not 401k) all depend on what company you were with, and how long, when acquired by AT&T. Each deal is unique.
And the date/year you were hired. Make the call to benefits ...no one on this site is responsible for the correct answer to YOUR question.
OK since nobody has answered the question.
AT&T has policy in place to determine retirement eligibility. This may or may not apply to all employees, based on the company they were originally hired. If you are over age 50 and your age plus the number of years of service based on your NCS date, is equal or greater than 75, you may be eligibile for retiree benefits, which may include medical insurance, product discounts, and ability to draw on a pension. There are several who get no benefit as part of the agreement when AT&T bought that company, like AT&T Wireless. Also bargaining agreements also hold provisions for retirement and benefits, depending on agreement, which I believe are only the old agreements for all the old landline company's . Non of the wireless agreement have any retirement articles.
This policy was put together something long before the 1984 breakup of Ma Bell,and was just carried forward by the companies split off from AT&T.
IN relaity to get the best benefit you would have to have been hired under an SBC, Bellsouth, Ameritech, Pac Bell, and legacy AT&T. Anyone who came from someone that was bought, like AT&T Wireless, IBM may not get anything.
I've been studying the SPD for Medical benefits. You can get to it via the web: att.com/benefitscenter.. log in and click on Plan Documents and Legal Notices...Click on plan Heath & Welfare Summaries..scroll down to Retirement Eligible SPD and chose the 6th item down ATT Mobility Eligible Former Bargined Employee Medical. Go to page 14. If you were hired under SBC you get a much better deal. If you were hired under Bellsouth, its alright and if you were hired under ATT wireless, no medical at all. To be eligible for anything, you have to be with SBC or Bellsouth at least 5 years prior to December 31, 2001. The entire document is very confusing. So in most cases, if you were hired in 1997 or beyond, don't expect anything for healthcare. Even if you do get subsidize coverage, it is still very expensive.
@1dmt that’s how my boss explained it to me too. ATO netops org
If Age + Years of Service is greater than or equal to 75, your good, BUT you must be least 50 and have at least 10 years of service.
The previous comments are correct. Depends on if your mgmt/non-mgmt, years of service, age and which company you started employment with. When I was considering one of the offers, I called Fidelity to confirm I was eligible for retirement healthcare since the documentation is such a pain to read and not at all clear. So, I'd recommend you do the same.
In my case I made it just under the wire and retirement health care is no longer available to anyone who started the year after I started.
Before retirement a younger co-worker said he didn't even have a pension (annuity), he only had the 401k available.
HR Onestop on the intranet. That’s the only reliable info. I’m constantly surprised by the number of people that don’t understand their benefit package.
for craft
30 year on age req.
25 years of service and age 50 min
20 years if service and 55 age min
10 years of service and 65 age min
Just hope that you are not wireless, pretty much no subsidy ... especially a Cigulat transition.
Wireline or wireless.
Union or management. How old are you? When were you hired? Which company hired You? Airline or wireless? This all matters. Also it is the modified rule of 75
Union or management. How old are you? When were you hired? Which company hired You? Airline or wireless? This all matters. Also it is the modified rule of 75