Comments on: Nortel Pensioners Want BIA Changes http://www.allaboutnortel.com/2009/07/16/nortel-pensioners-want-bia-changes/ All the News about Nortel Networks Thu, 09 Feb 2012 03:34:00 +0000 hourly 1 By: yes4aapl http://www.allaboutnortel.com/2009/07/16/nortel-pensioners-want-bia-changes/comment-page-1/#comment-30853 yes4aapl Wed, 22 Jul 2009 09:17:36 +0000 http://www.allaboutnortel.com/2009/07/16/nortel-pensioners-want-bia-changes/#comment-30853 Nortel misleading its creditors, RIM charges<br>re<br>It's visible by a naked eye of public watchers like myself.<br>Nortel does not work in best interest of creditors. It's that simple.<br>It's against the law. It's criminal.<br>What would happened if MatPat did not protest and did not take action?<br>Mike Z would sell assets at the basement prices.<br>CDMA $650 plus enterprise /including Gov Solutions/ for $450 and the total less than $2 bill.<br>Pension Plan is claiming between $1 bill /low end/ to $3 bill/ safe end/ just in UK<br>In USA Pension Plan deficit was $500 mill<br>In Canada and the rest it may be around $2 bill<br>Here you go and all _total sold for less than $2 bill. by crooked BoD and CEO.<br>Nortel misleading its creditors, RIM charges<br>I think it is very serious message for governments_RCMP to check it.<br>What now TongueInCheek?<br>You were wrong as usual, spreading your propaganda and doing diversion.<br>read<br>Nortel misleading its creditors, RIM charges<br>It's obvious that not only creditors but also courts, employees, and public in general. Nortel misleading its creditors, RIM charges
re
It's visible by a naked eye of public watchers like myself.
Nortel does not work in best interest of creditors. It's that simple.
It's against the law. It's criminal.
What would happened if MatPat did not protest and did not take action?
Mike Z would sell assets at the basement prices.
CDMA $650 plus enterprise /including Gov Solutions/ for $450 and the total less than $2 bill.
Pension Plan is claiming between $1 bill /low end/ to $3 bill/ safe end/ just in UK
In USA Pension Plan deficit was $500 mill
In Canada and the rest it may be around $2 bill
Here you go and all _total sold for less than $2 bill. by crooked BoD and CEO.
Nortel misleading its creditors, RIM charges
I think it is very serious message for governments_RCMP to check it.
What now TongueInCheek?
You were wrong as usual, spreading your propaganda and doing diversion.
read
Nortel misleading its creditors, RIM charges
It's obvious that not only creditors but also courts, employees, and public in general.

]]> By: yes4aapl http://www.allaboutnortel.com/2009/07/16/nortel-pensioners-want-bia-changes/comment-page-1/#comment-22614 yes4aapl Wed, 22 Jul 2009 05:17:36 +0000 http://www.allaboutnortel.com/2009/07/16/nortel-pensioners-want-bia-changes/#comment-22614 Nortel misleading its creditors, RIM charges<br>re<br>It's visible by a naked eye of public watchers like myself.<br>Nortel does not work in best interest of creditors. It's that simple.<br>It's against the law. It's criminal.<br>What would happened if MatPat did not protest and did not take action?<br>Mike Z would sell assets at the basement prices.<br>CDMA $650 plus enterprise /including Gov Solutions/ for $450 and the total less than $2 bill.<br>Pension Plan is claiming between $1 bill /low end/ to $3 bill/ safe end/ just in UK<br>In USA Pension Plan deficit was $500 mill<br>In Canada and the rest it may be around $2 bill<br>Here you go and all _total sold for less than $2 bill. by crooked BoD and CEO.<br>Nortel misleading its creditors, RIM charges<br>I think it is very serious message for governments_RCMP to check it.<br>What now TongueInCheek?<br>You were wrong as usual, spreading your propaganda and doing diversion.<br>read<br>Nortel misleading its creditors, RIM charges<br>It's obvious that not only creditors but also courts, employees, and public in general. Nortel misleading its creditors, RIM charges
re
It's visible by a naked eye of public watchers like myself.
Nortel does not work in best interest of creditors. It's that simple.
It's against the law. It's criminal.
What would happened if MatPat did not protest and did not take action?
Mike Z would sell assets at the basement prices.
CDMA $650 plus enterprise /including Gov Solutions/ for $450 and the total less than $2 bill.
Pension Plan is claiming between $1 bill /low end/ to $3 bill/ safe end/ just in UK
In USA Pension Plan deficit was $500 mill
In Canada and the rest it may be around $2 bill
Here you go and all _total sold for less than $2 bill. by crooked BoD and CEO.
Nortel misleading its creditors, RIM charges
I think it is very serious message for governments_RCMP to check it.
What now TongueInCheek?
You were wrong as usual, spreading your propaganda and doing diversion.
read
Nortel misleading its creditors, RIM charges
It's obvious that not only creditors but also courts, employees, and public in general.

]]> By: less http://www.allaboutnortel.com/2009/07/16/nortel-pensioners-want-bia-changes/comment-page-1/#comment-21467 less Sat, 18 Jul 2009 16:08:17 +0000 http://www.allaboutnortel.com/2009/07/16/nortel-pensioners-want-bia-changes/#comment-21467 Oh! I know! If the site collapses "Cisco will have won..." Oh! I know! If the site collapses “Cisco will have won…”

]]> By: horace_grimswold http://www.allaboutnortel.com/2009/07/16/nortel-pensioners-want-bia-changes/comment-page-1/#comment-21345 horace_grimswold Fri, 17 Jul 2009 16:05:07 +0000 http://www.allaboutnortel.com/2009/07/16/nortel-pensioners-want-bia-changes/#comment-21345 His opponent will retort with "too little, too late." His opponent will retort with “too little, too late.”

]]> By: GoProto http://www.allaboutnortel.com/2009/07/16/nortel-pensioners-want-bia-changes/comment-page-1/#comment-21343 GoProto Fri, 17 Jul 2009 15:26:59 +0000 http://www.allaboutnortel.com/2009/07/16/nortel-pensioners-want-bia-changes/#comment-21343 Awww.. kittens.. they are so cute!! Do you think they will give any away??<br><br>sorry.. couldn't resist. everyone needs a smile ) once in awhile.. Awww.. kittens.. they are so cute!! Do you think they will give any away??

sorry.. couldn't resist. everyone needs a smile ) once in awhile..

]]> By: Another_Nortel_Watcher http://www.allaboutnortel.com/2009/07/16/nortel-pensioners-want-bia-changes/comment-page-1/#comment-21340 Another_Nortel_Watcher Fri, 17 Jul 2009 14:33:41 +0000 http://www.allaboutnortel.com/2009/07/16/nortel-pensioners-want-bia-changes/#comment-21340 But now in the next election his campaign material will say "I fought for the abandoned Nortel employees!" But now in the next election his campaign material will say “I fought for the abandoned Nortel employees!”

]]> By: Another_Nortel_Watcher http://www.allaboutnortel.com/2009/07/16/nortel-pensioners-want-bia-changes/comment-page-1/#comment-21341 Another_Nortel_Watcher Fri, 17 Jul 2009 14:33:20 +0000 http://www.allaboutnortel.com/2009/07/16/nortel-pensioners-want-bia-changes/#comment-21341 But now in the next election his campaign material will say "I fought for the abandoned Nortel employees!" But now in the next election his campaign material will say “I fought for the abandoned Nortel employees!”

]]> By: less http://www.allaboutnortel.com/2009/07/16/nortel-pensioners-want-bia-changes/comment-page-1/#comment-21339 less Fri, 17 Jul 2009 14:30:07 +0000 http://www.allaboutnortel.com/2009/07/16/nortel-pensioners-want-bia-changes/#comment-21339 Theres a way to find out...<br><br>Siloing is good, say some managers... Theres a way to find out…

Siloing is good, say some managers…

]]> By: ntlifer http://www.allaboutnortel.com/2009/07/16/nortel-pensioners-want-bia-changes/comment-page-1/#comment-21338 ntlifer Fri, 17 Jul 2009 14:27:19 +0000 http://www.allaboutnortel.com/2009/07/16/nortel-pensioners-want-bia-changes/#comment-21338 Dear colleagues,<br><br>Earlier today, the Pension Benefit Guaranty Corporation (PBGC) made an announcement with respect to Nortel's U.S. Retirement Income Plan -- also known as the U.S. Defined Benefit Pension Plan. The PBCG will be assuming responsibility to administer and pay benefits under the plan in accordance with the plan documents and applicable law.<br><br>The PBGC, a federal agency, was created to protect the benefits of private sector employees participating in defined benefit pension plans. It’s not uncommon for the organization to assume responsibility for plans when companies are in Chapter 11 proceedings.<br><br>Although the action announced by the PBGC is technically referred to as a “termination,” it is important to note that when the PBGC terminates a pension plan and becomes its trustee, the PBGC takes over administration of the plan. As a result, Nortel will no longer be the administrator of the plan, and the plan will be considered “terminated,” although your benefits will not cease.<br><br>No action is required on the part of plan members. Your records will be transferred to the PBGC and the agency will take over administration of the plan, and the PBGC will communicate directly with plan members on how to get more information.<br><br>This announcement does not affect the Defined Contribution Plan (i.e. 401(k) plan), Retirement Income Plan Restoration Plan, Long-Term Investment Plan Restoration Plan and Supplementary Executive Retirement Plan. The pension plans for other countries including Canada are also not affected by this announcement.<br><br>I encourage you to listen to last week’s pension GIS for more information on Nortel’s US pension funds and the role of the PBGC. You can also click here for a Frequently Asked Questions document that provides more details on this matter, or you can visit the PBGC website for more information and their full contact details. They’re ready to take your calls and questions.<br><br>Thank you,<br><br>Elena King<br>SVP, Human Resources Dear colleagues,

Earlier today, the Pension Benefit Guaranty Corporation (PBGC) made an announcement with respect to Nortel's U.S. Retirement Income Plan — also known as the U.S. Defined Benefit Pension Plan. The PBCG will be assuming responsibility to administer and pay benefits under the plan in accordance with the plan documents and applicable law.

The PBGC, a federal agency, was created to protect the benefits of private sector employees participating in defined benefit pension plans. It’s not uncommon for the organization to assume responsibility for plans when companies are in Chapter 11 proceedings.

Although the action announced by the PBGC is technically referred to as a “termination,” it is important to note that when the PBGC terminates a pension plan and becomes its trustee, the PBGC takes over administration of the plan. As a result, Nortel will no longer be the administrator of the plan, and the plan will be considered “terminated,” although your benefits will not cease.

No action is required on the part of plan members. Your records will be transferred to the PBGC and the agency will take over administration of the plan, and the PBGC will communicate directly with plan members on how to get more information.

This announcement does not affect the Defined Contribution Plan (i.e. 401(k) plan), Retirement Income Plan Restoration Plan, Long-Term Investment Plan Restoration Plan and Supplementary Executive Retirement Plan. The pension plans for other countries including Canada are also not affected by this announcement.

I encourage you to listen to last week’s pension GIS for more information on Nortel’s US pension funds and the role of the PBGC. You can also click here for a Frequently Asked Questions document that provides more details on this matter, or you can visit the PBGC website for more information and their full contact details. They’re ready to take your calls and questions.

Thank you,

Elena King
SVP, Human Resources

]]> By: ntlifer http://www.allaboutnortel.com/2009/07/16/nortel-pensioners-want-bia-changes/comment-page-1/#comment-21336 ntlifer Fri, 17 Jul 2009 14:24:33 +0000 http://www.allaboutnortel.com/2009/07/16/nortel-pensioners-want-bia-changes/#comment-21336 Dear colleagues,<br><br>Earlier today, the Pension Benefit Guaranty Corporation (PBGC) made an announcement with respect to Nortel's U.S. Retirement Income Plan -- also known as the U.S. Defined Benefit Pension Plan. The PBCG will be assuming responsibility to administer and pay benefits under the plan in accordance with the plan documents and applicable law.<br><br>The PBGC, a federal agency, was created to protect the benefits of private sector employees participating in defined benefit pension plans. It’s not uncommon for the organization to assume responsibility for plans when companies are in Chapter 11 proceedings.<br><br>Although the action announced by the PBGC is technically referred to as a “termination,” it is important to note that when the PBGC terminates a pension plan and becomes its trustee, the PBGC takes over administration of the plan. As a result, Nortel will no longer be the administrator of the plan, and the plan will be considered “terminated,” although your benefits will not cease.<br><br>No action is required on the part of plan members. Your records will be transferred to the PBGC and the agency will take over administration of the plan, and the PBGC will communicate directly with plan members on how to get more information.<br><br>This announcement does not affect the Defined Contribution Plan (i.e. 401(k) plan), Retirement Income Plan Restoration Plan, Long-Term Investment Plan Restoration Plan and Supplementary Executive Retirement Plan. The pension plans for other countries including Canada are also not affected by this announcement.<br><br>I encourage you to listen to last week’s pension GIS for more information on Nortel’s US pension funds and the role of the PBGC. You can also click here for a Frequently Asked Questions document that provides more details on this matter, or you can visit the PBGC website for more information and their full contact details. They’re ready to take your calls and questions.<br><br>Thank you,<br><br>Elena King<br>SVP, Human Resources Dear colleagues,

Earlier today, the Pension Benefit Guaranty Corporation (PBGC) made an announcement with respect to Nortel's U.S. Retirement Income Plan — also known as the U.S. Defined Benefit Pension Plan. The PBCG will be assuming responsibility to administer and pay benefits under the plan in accordance with the plan documents and applicable law.

The PBGC, a federal agency, was created to protect the benefits of private sector employees participating in defined benefit pension plans. It’s not uncommon for the organization to assume responsibility for plans when companies are in Chapter 11 proceedings.

Although the action announced by the PBGC is technically referred to as a “termination,” it is important to note that when the PBGC terminates a pension plan and becomes its trustee, the PBGC takes over administration of the plan. As a result, Nortel will no longer be the administrator of the plan, and the plan will be considered “terminated,” although your benefits will not cease.

No action is required on the part of plan members. Your records will be transferred to the PBGC and the agency will take over administration of the plan, and the PBGC will communicate directly with plan members on how to get more information.

This announcement does not affect the Defined Contribution Plan (i.e. 401(k) plan), Retirement Income Plan Restoration Plan, Long-Term Investment Plan Restoration Plan and Supplementary Executive Retirement Plan. The pension plans for other countries including Canada are also not affected by this announcement.

I encourage you to listen to last week’s pension GIS for more information on Nortel’s US pension funds and the role of the PBGC. You can also click here for a Frequently Asked Questions document that provides more details on this matter, or you can visit the PBGC website for more information and their full contact details. They’re ready to take your calls and questions.

Thank you,

Elena King
SVP, Human Resources

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