AT&T Slashed Promised Life Insurance for Former Workers—and Time Runs Out at Year-End

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Former workers of AT&T will see life insurance that was promised to them, in some cases decades ago, cut back unless they die by Dec. 31

The company, which is sparing its executives from the cut, says it brings benefits in line with what other firms offer.

The company, which is sparing its executives from the cut, says it brings benefits in line with what other firms offer
 

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Guess who’s gonna be busy the next few days…..

Sounds like something that Kenny G does with his employees...

Even if the AT&T workers were orally promised benefits to induce retirement that were contradicted under the plan, I doubt they could state a claim for fraudulent inducement since there is probably a mandatory arbitration clause for disputes arising from the agreement. Ugh.

Both my husband and I are retired from AT&T. Husband retired this month to avoid losing his retiree health benefits. Now on top of losing hundreds of thousands in life insurance coverage, it sounds like the insurance benefit isn’t safe either.

For sure thought this was an Onion headline at first glance

I don’t understand how that’s legal

'Live true. Do the right thing, no compromise.' ATT slogan. 🤡

Disgraceful!

Why I left AT&T years ago. I’m not surprised. Bush league move!

Executives need to eliminate their own life benefit. This is the definition of bad leadership - bad decisions followed by benefit reductions.

And they still won't see it because they will be dead.

Just another reason to drop ATT like a bad habit. So glad I already did.

Yep, have to keep funding going for OAN, their propagandist media arm that offends most people in this nation...let alone their former employees. If OAN was such a valuable contributor to Democracy, you & I, you would think they would brag about it before the secret was exposed.

Unbelievable

No pressure.

They better hurry up and take advantage before they deadline

Insurance Companies Have Been Running This World For Years Now Where The Bleep !!! Have You Been ?

AT&T never fails to disappoint

Why doesn’t this surprise me?

Capitalism is sooooo good

Now THAT'S what you call a 'deadline!'

Anyone surprised? $T

Davidlaz Sears did the same thing to its retirees -- no cutback, just cut off. Gone. Shameful.

Moniquemiller65

It’s getting harder and harder to count on group life insurance from an employer for the long haul. It’s usually best to purchase your own policy to cover your short and/or long term obligations and needs.

Wtf?

Golden socialism for the rich, rugged and harsh Capitalism for the rest of us.

In case you didn't need another reason to hate ATT Special Report: How AT&T helped build far-right One America News

This and the Oan funding is more than enough reason to dump ATT

i have a better policy at spectrum and im entry level. fam gets 3x my annual pay if i die. i make 40k right now, and i get 25k if any of my children die, for only 1$ a paycheck. i have accidental and life insurance on myself FREE. :)

AT&T, a one time engineering powerhouse has reduced itself to a marginal billing entity, outsourcing everything it can.

What does 'unless they die' mean? You don't need anything at that point. 😳⚰️⚱️

And one of the guys who invented the 401k can't retire even as he enters his 70s. They system isn't for the worker.

Buy Bitcoin is a better life insurance

Corporate greed at work. SMH!

For some months now, I have been seen people testifying about how Bitcoin Trading helped them to make a living, so I tried it in a week ago by a tweet which recommended me to Dpurplewomanfx on Twitter she guides me through and i made a return of $20,500 after a week of trading.

Nice company.

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