GE Workers Threaten Strike over Health Care If you are enrolled in the GUL Insurance option, you may also choose to contribute to the cash fund account. Reprinted from January 2018. 1. Last week retirees received the first official notice of the lump sum offering. To prevent a cut in benefits and fund the program for the next 75 years,the NRLN is supporting passage of Social Security 2100 Act in Congress. You must be the surviving spouse, legal partner, child, parent, or executor/administrator of the veteran's estate. Alcatel-Lucent Enterprise earns a 2022 Tech Cares Award from TrustRadius. benefits, and retirement during 2012 for other to read and share back. Appeals: If your dealings with your Medicare plan are unsatisfactory on coverage or reimbursement, you are entitled to file an appeal. Skalko said. Projecting pension benefits and/or electing to commence pension benefits. TTY/ASCII users may call 711. B. We'll also need an original, certified death certificate. To learn more, view our full privacy policy. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Social Security will deplete its $2.9 trillion reserve fund in 2035. And its true that one dollar in 1990 purchasing power requires $2.73 today. By clicking Accept, you consent to the use of ALL the cookies. ability to borrow against 401K Helpful Report Sep 7, 2022 5.0 POS: 800-577-8539 / TI: 800-577-8567 Up to Subject Matter Expert: Jill Musser, 814-865-1473, jmm60@psu.edu . Please follow the steps below to report the death of an annuitant: Step 1 - Please call 800-321-1080 to report the death of the annuitant. It must be understood that the explanation in this website cannot alter, modify, or otherwise change the controlling legal documents or N.C. General Statutes in any way, nor can any right accrue by reason of any statement or omission of any statement in this website. TTY/ASCII users may call 711. Glassdoor is your resource for information about the Accidental Death & Dismemberment Insurance benefits at Nokia. However, the most prominent issue is Section 420 Transfers. By using this form, you acknowledge that you have read and agree to the, 2022 Benefits At a Glance Nokia Contact Information, Health Care Flexible Spending Account (HFSA), Dependent Care Flexible Spending Account (DFSA), Public transit expenses including train, subway, bus, ferry and eligible vanpool, Go to the following webpage: https://leplb0460.upoint.alight.com/web/nokia/login. Death Benefit decision. The retiree may have designated different beneficiaries for each. Press 9 for eligibility status. Through the Council, CWA retirees have input into key retiree programs as they are shaped through contract negotiations and or legislation. When a participant in a retirement plan dies, benefits the participant would have been entitled to are usually paid to the participant's designated beneficiary in a form provided by the terms of the plan (lump-sum distribution or an annuity). For detailed information on death benefits and options, visit the CalPERS website or CalPERS state safety member p ublication . This means more companies will be able to tap excess pension funds to provide retirees with healthcare and life insurance benefits. The second, avoid falls. Find the right resources to contact with your questions. Costs. It is a Flat rate deductible of $250 per person and the TI is 2.5% of your pension. The Retirement System death benefit to which you were entitled as an employee, equal to the highest 12 months of salary in a row during the 24 months of service prior to your death, is payable to the eligible living beneficiary(ies) named by you for this purpose, if you die within 180 days of your last day of service. You can see it online at www.UHCRetiree.com . Washington, DC 20024-2101, Log In to MyPBA (For Workers & Retirees)Log In to My PAA (For Practitioners)Multiemployer Insurance Program FactsAnnuity or Lump Sum, Annual ReportsFederal Register Notices Open for CommentLaws and RegulationsPBGC Data SetsReducing Regulatory Burden, For Workers & Retirees1-800-400-7242 If you choose a commercial healthcare plan, you may need to consider signing up for a commercial Prescription Drug plan. If you are not familiar with these principles, here are some quick tips. We will keep monitoring the pension trust numbers in 2023. However, life insurance, paid for by the company, and pension benefits are not affected, Lucent spokesman John Skalko said. Today the Bargaining Team met with the Company who presented us with a counter proposal on Post-Retirement Medical, Dental and Group Life Insurance. M-F: 8:00 a.m. 6:00 p.m. Also, if you are entitled to or are receiving a survivor benefit when your plan ends, PBGC will continue to pay this benefit to you (adjusted for any guarantee limits) for the period provided by your plan. The loss of the death benefit, scheduled for Learn about Nokia Accidental Death & Dismemberment Insurance, including a description from the employer, and comments and ratings provided anonymously by current and former Nokia employees. See the[Drug Plans]link. The mission of Nokia is to enhance the quality of peoples lives by continuously innovating to make people happier, healthier and more connected at home and in the community. The amount of the death benefit is a single payment of $2,500.00. Any unpaid monthly benefit payment due in the month of your death is payable to your estate. The lump sum death benefit credit under CSRS paid to survivor (s) of a deceased CSRS or CSRS Offset employee or annuitant consists of the unrefunded amount the following: (1) CSRS contributions that were withheld from the deceased employee's salary through all the years the employee was a full time or part time permanent employee; Advertisement. This option is only available to spouses. May not recoup more than 10% of overpayment per year. Access FOR YOUR BENEFIT (FYB) to manage your personal benefits and perform other related transactions. Participants not yet receiving a pension benefit. Nokia Retirement Plan 220 employees reported this benefit 3.9 16 Ratings Available to US-based employees Change location Employee Comments Showing 1-10 of 16 Jan 18, 2023 5.0 Former Communications Specialist in nullnull well funded. Past You may also visit the link(s) provided below for more information and verification.. All three issues are important to Lucent/Nokia retirees. Be sure to check whether you can receive a subsidy to lower your premiums and deductible costs. 1VA'vU83KH29m?7'fz 7lGxND7XShM=D3:p6am?FW(.8Ya?H'2VBZ3/rv However, life insurance, paid for by the company, and You can also go online and print it yourself at any time, and the website address is in the info sent to each person. Accept Privacy Policy. Please Note: Currently, the Call Center takes a lunch break from 11:30 am to 12:30 pm. There are 352 active members, with 37,275 retirees 16,700 dependents. ET, CWA Appointed Nokia Healthcare Coordinator This will limit your search to that combination of words. )%yz!8^IwUC8a7^:SfSzM]Z8f3]={50M[9k?3;5x?*E=d l4cVOOV+",D"t7~SN\Er.@\Gt& O-]Dr2AR5hD-S}; endstream endobj 50 0 obj << /S /D >> endobj 65 0 obj << /Length 5975 /Subtype /CIDFontType0C /Filter /FlateDecode >> stream She and her Committee staff were very influential in getting the NRLNs proposals into a Senate bill on pensions that were included in the omnibus bill. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. 2. In the article below, Arto Sirvio, Nokia's director of pensions, tells Carlo Svaluto Moreolo how the communication and information technology company manages a large portfolio of pension plans. Lucent/Nokia retirees and other NRLN members responded to NRLN Action Alerts to their members of Congress. This provides employees and their household members free, confidential, 24/7 assistance for a wide range of medical and behavioral health issues, such as emotional difficulties, alcoholism, drug abuse, marital or family concerns, and other personal and life issues at no cost to them. Nokia launches Core Software-as-a-Service for 5G, Entering the Fiber for Everything era with Nokia Lightspan MF-14, Nokia optical transport to upgrade Chinas power grid, Nokia hails 5G growth but shares dip on uncertain outlook, Nokia sees improved 3Q profit, sales on strong demand for 5G, Nokia IP platforms to enable 400GE and 800GE access and interconnection services, Nokia introduces SDN virtualization for fiber broadband deployment, Nokia to build ICT and cyber security R&D hub in Ottawa, Nokia announces worlds most advanced fiber broadband platform, Nokia partners with ESnet to launch terabit next-gen IP network, Nokia expands private wireless capabilities in North America. You must contact the Employee Benefits Division within 60 days after your retirement date to enroll in COBRA. With the new law, the company does not have an obligation to recoup; But if it does recoup: Section 420 Transfers: This IRS provision was about to expire, but this legislation has extended it. The NRLNs proposal in the new law lowered the threshold of when companies can use these funds to 110%, down from 125%. Many retirees have Nokia life insurance administered by Met Life Health insurance Many retirees have insurance through Nokia-sponsored plans Some survivors may have continuation rights Prescription Drug Plans Many retirees have Medicare Drug Plans through Nokia-sponsored plans Dental Plans Retirees may have opted for a Dental Plan by Aetna Healthcare.gov has a YouTube video that explains changes. The pages are provided for your information and guidance by the Lucent Chapter Benefits Team. Policy Steward: Vice President for Human Resources. Option A Example: The member elects an Option A benefit and has a monthly benefit of $2,500. (NOTE: Not all employers under the Local Governmental Employees' Retirement System have elected to . Bill, Ed Beltram, Bob Martina, and I, as members of the NRLN board were able to keep the Sec 420 proposal a top priority on NRLNs legislative agenda from 2018-2022. Please see the How to Claim a Retiree's Arrears of Pay Using the SF 1174 page for how-to information and helpful tools for filling out and submitting these documents. An official website of the United States government. Business Gravity Theme by. You can find detailed instructions for naming a beneficiary or changing a previously named beneficiary with our online serviceMy Pension Benefit Access (MyPBA). By using this form, you acknowledge that you have read and agree to the Privacy Policy and Terms & Conditions. 401k, Pension, Retirement, Retiree, Health Insurance, Medical, Vision, Dental, IRA, Competitive Base Pay, Quarterly Bonus, Paid Time Off, Weekly Pay, Medical, Dental, Vision, Insurance, Health Savings Account, Flexible Spending Accounts, Short-Term and Long-Term Disability, Paid Family Medical Leave, Bereavement, Jury Duty and Parental Leave, Life, Dependent and Accident Insurance, Critical Illness Insurance, Savings Plan 401(k), Company Paid Retirement Benefit, Employee Stock Purchase Plan, Paid Holidays, Time Off and Flexible Days, Group Legal Plan, Group Home Auto Insurance, Pet Insurance, Employee Discounts, Adoption Reimbursement, Tuition Reimbursement and Student Loans, Well-Being Programs, etc, Please visit the official company website directly to verify all benefit options and details. Survivors can report the death of a retiree by using our online death report form, or they can call 866-805-0990 and press 3 and then 1. How Coverage Affects Your Taxable Income He began his career with Western Electric in 1957 in the Defense Activities Division, which served as the prime contractor for the SAGE Air Defense System. digital.alight.com/nokia Phone: 1-888-232-4111 International: 1-212-444-0994 Help in Your State; NRLN Chapter Website; NRLN Website; 2022 Management and FRR Plans. company continues to cut costs, according to a report by the Upon death the of a retired member, unless an optional benefit was elected, a lump-sum is paid to the beneficiary. In an effort to restore profitability, struggling telecommunications equipment maker Lucent Technologies Inc. is discontinuing a special death benefit for its management retirees and has. See: Designate a beneficiary. To receive a survivor benefit, you must complete a beneficiary application for pension payments. This Commonsense proposal allows surplus assets above 110% to be used but also contained limits on how much cash could be used and when, and it protected benefits by requiring that should plan funding fall below 110% over a specified period that Nokia would, have to fund up the plan to 110% immediately. Death Benefit #2: A lump-sum amount may be payable to the retiree's designated beneficiaries if the deceased was in Tier II, III, IV, or VI. had a significant role in this accomplishment because you are often #1 or #2 in sending the largest number of NRLN Action Alert emails to your members of Congress. Some restrictions and limitations apply. Questions? Congress is allowing the Centers for Medicare and Medicaid (CMS) to use taxpayer dollars to subsidize insurance companies for Medicare Advantage (MA) plans to serve as a move toward privatization. Nokia and Global Connect demonstrate record 1.2Tb/s coherent transmission over a single wavelength in live network, Nokia launches next gen coherent optics to reduce network power consumption by 60 percent, Nokia, DOCOMO and NTT make two key 6G advances #MWC23, Nokia expands Lab-as-a-Service solution to accelerate the digital transformation of enterprises, Nokia to publish fourth-quarter and full-year 2022 financial report and provide Group Progress Update on 26 January 2023, Nokia Corporation: Repurchase of own shares on 18.01.2023, Nokia AVA PDDR solution deployed by KDDI to boost network quality, TVA Releases 2022 Annual Report Spotlighting a Stronger Future. First, try to spend more of your time moving around rather than sitting. 8:00 a.m. to 5:00 p.m. Eastern Time Monday Through Friday Click for Nokia information available at Your Benefits Resources Changes and costs for 2022 are, How to Guide This Page Helps You Find Health Care Plans to Meet Your Needs, State Health Insurance Help Programs Provide Individual Assistance. The spouse may be eligible for the Basic Employee Death Benefit, which is equal to 50% of the employee's final salary (average salary, if higher), plus $15,000 (increased by Civil Service Retirement System cost-of-living adjustments beginning 12 . Employee Benefits May Include the following: By submitting this form, you are consenting to receive marketing emails from: HealthManagementCorp (HMC). If you die and dont have a beneficiary on file, or if your primary and contingent beneficiaries have died before you, the benefit will be paid according to the Plans rules. If you retired before 3-1-1990 you are guaranteed NO Monthly Premium for life. Of Lucent's 5,700 union workers, 5,400 are members of the CWA, while 300 are members of the IBEW. Also, the AFN will be simplified by moving all relevant data to a table on the front page. You are eligible for the death benefit if you were an AT&T employee eligible for the death benefit on 1/1/1998, you terminated employment before 1/1/2008 and satisfied the Modified Rule of 75 when you terminated employment, and YOU DID NOT TAKE A FULL LUMP SUM DISTRIBUTION OF YOUR PENSION BENEFIT. The Evidence of Coverage (EOC) provides a complete list of services we cover. Please allow 24 48 hours response time. To search for a combination of terms, use quotations and the & symbol. If you have mistakenly unsubscribed to one of our emails, you will no longer hear from us unless you re-subscribe. We track national legislation affecting CWA retired members. Coverage: Medicare plans, including Medicare Advantage, are governed by rules established by CMS. T_retiree. Lucents life insurance policy pays a death benefit of one Falls are a main cause of morbidity and disability in the elderly. Their results have been driven by consistent innovation and strong execution, and their people are the cornerstone of their continued success. Their Web Sites List All Medicare Supplement Plans (Medigap) and Costs. year until age 70, at which point it stabilizes. This column contains media links to articles of particular interest to Lucent and Nokia retirees. 888 CalPERS (or 888-225-7377) TTY: (916) 795-3240. The Kaiser Foundation has a calculator that provides an estimate of your subsidy if you sign up for healthcare exchange insurance. assist us in returning to profitability as soon as In 1997, Lucent eliminated the death benefit for HR54 Continuation of Group Insurance after Age 60, Age 65, and after Retirement or Death Policy Status: Active. MURRAY HILL, N.J.--In an effort to restore profitability, struggling telecommunications equipment maker Lucent Technologies Inc. is discontinuing a special death benefit for its management retirees and has negotiated a new contract with union workers that could further reduce its benefit costs. Further, the move to eliminate the benefits was CalPERS Death Benefits. Skalko said. If you are eligible for or enrolled in any optional life insurance coverage (i.e., Group Universal Life [GUL] Insurance or Group Term Life Insurance), you will pay the full cost. PBGC makes three distinct types of payments to beneficiaries. Suggestions and comments about this website should be addressed to webmaster@nrln.org. The NRLN is also advocating that original Medicare participants have access to the special benefits being offered in MA plans. I attended the spring 2020 Fly-in and in appointments on Capitol Hill, explained why the change to Section 420 was especially important to Lucent/Nokia retirees. Learn More . Retirement Systems DivisionAddress:3200 Atlantic Avenue,Raleigh, NC 27604Email: NC.Retirement@nctreasurer.comPhone: (919) 814-4590 PPO has more benefits including Silver Sneakers gym membership, and free access to hearing aids at affordable rates. Additional benefits In-network Out-of-network In-home non-medical care CareLinx $0 copay; Coverage includes 8 hours of in-home, non-medical care per month through provider CareLinx. COPYRIGHT 2023 BUSINESS INSURANCE HOLDINGS. The veteran: Retiree Life Insurance coverages offer you and your family financial protection when you need it most after a death or serious injury. Under the Teachers' and State Employees' Retirement System and the Local Governmental Employees' Retirement System (if your Local employer elected the death benefit coverage), the minimum payment is $25,000 and the maximum payment is $50,000. It is mandatory to procure user consent prior to running these cookies on your website. We'll assume you're ok with this, but you can opt-out if you wish. Note: Some retirees may be eligible for Medicaid or other employers coverage.Consumers Report has an explanatory document on health care exchanges enrollment. In re Unisys Corp. Retiree Med. . Go to www.neca-ibew.org. Clip and save with your Will. executives can find them as revenues drop. . A lock ( ) or https:// means youve safely connected to the .gov website. He had responsibility for installation and system testing of the system nationwide. Email: contact@nrln.org, National Retiree Legislative Network. 'o/P=H?33fcr:/hK-qka8kdZqc\XT_EDx' ^Ta]cy/=$i\?=d?([j2[T46h=PJ?+>$#}rD^DH$vd&acH`/hVOvm3"#FC>S[2p@.zDFO\h9STu+|#fP!7sp 5p%]X_8 Oql,Z&Zt{ESHlVE#UP:v{irRfX2D-vh`zt82d~(uSyfil 3&\\fO6\o83gsj%:k?=\{%x42? Recently Nokia announced it plans to transfer $316 million of the excess pension assets to pay for Group Life coverage for eligible Lucent / Nokia retirees. Call Center openMonday through Friday, 8:30 a.m. - 4:30 p.m. OR, mail to: Defense Finance and Accounting Service. The history of Nokia goes back to 1865 when it was founded at a Finnish multinational telecommunications, information technology, and consumer electronics company. Click for Nokia information available at Your Benefits ResourcesChanges and costs for 2022 are available hereREAD THE RESULTS OF THE 2021HEALTHCARE SURVEY. Social Security will pay a one-time death benefit of $255 to your spouse as of 2023 if they have been living in the same house as you. In December of 2018, the NRLN forwarded its endorsement of changing Section 420 rules to members of congress and met with the Communications Workers of America Washington D.C staff. retirement and will apply to Lucent managers who retired Any interest earned on the death benefit before it's paid out is considered taxable income. 445 12th Street SW If you are receiving a joint-and-survivor annuity, you cannot change the beneficiary designation you made at the time you applied for benefits. Legacy Alcatel -Lucent Pension and Cash Account Program (CAP) Nokia Benefits Resource Center (NBRC) 1-888-232-4111, 9:00 AM - 5:00 PM ET - Monday through Friday Legacy Nokia Pension - Siemens NSN Retirement Benefit Center 1-866-726-6646, 9:00 AM - 5:00 PM ET - Monday through Friday See above. ), you may be eligible for Retiree Life Insurance coverage. necessary in Lucents continued quest for profitability, We wrote in the last paragraph of the letter: , In striving to become globally competitive, U.S. companies have aggressively reduced or eliminated welfare benefits of retired single-payer defined benefit plan participants. Welcome to Benefits Info for Lucent Retirees. For more information, please contact the Retiree Division at 212.226.5800 A family member or representative of your estate should notify the Retirement Systems Division immediately and provide us with a Certificate of Death. Your Beneficiaries If you're eligible, you'll need to name one or more primary beneficiaries for your retiree life insurance. The .gov means its official. American reserves the right to amend or terminate the retiree medical plan at any time. Analytical cookies are used to understand how visitors interact with the website. When to apply You should apply as soon as possible after the contributor's death. Visit. Washington, DC 20004-2601, Phone: 202-220-3172 | Toll-Free: 1-866-360-719 Not Quite, GE Workers Threaten Strike over Health Care Imputed income may apply, depending upon your coverage amount. Nokia and Global Connect demonstrate record 1.2Tb/s coherent transmission over a single wavelength in live networkGlobeNewswire Feb 23, 2023, Nokia launches next gen coherent optics to reduce network power consumption by 60 percentPress Release Feb 16, 2023, Nokia, DOCOMO and NTT make two key 6G advances #MWC23Yahoo Finance Feb 15, 2023, Nokia expands Lab-as-a-Service solution to accelerate the digital transformation of enterprisesPress Release Feb 8, 2023, Nokia to publish fourth-quarter and full-year 2022 financial report and provide Group Progress Update on 26 January 2023Press Release Jan 19, 2023, Nokia Corporation: Repurchase of own shares on 18.01.2023By Nokia Oyj, Yahoo Finance Jan 18, 2023, Nokia AVA PDDR solution deployed by KDDI to boost network qualityNokia Press Release Dec 8, 2022, TVA Releases 2022 Annual Report Spotlighting a Stronger FuturePress Release Nov 30, 2022, Alcatel-Lucent Enterprise earns a 2022 Tech Cares Award from TrustRadius. Necessary cookies are absolutely essential for the website to function properly. Click here to make your contribution by credit card. necessary in Lucents continued quest for profitability, Members Retirees Use our retirement estimate calculator to estimate your future retirement benefits and benefits to your loved ones upon your death. Claim form Also known as a "request for benefits," this is where you fill out information about the policyholder, including their policy number and cause of death. This was because by the time they received an AFN in April, it contained data calculated 16 months earlier. Access FOR YOUR BENEFIT (FYB) to manage your personal benefits and perform other related transactions. As always, we are asking that you gear up our mobilization activities around the country. Purchase Service; Return To Work; NC 401(k) Plan/NC 457 Plan/NC 403(b) Program; Pay Days; Retirement Forms; Welcome to Benefits Info for Lucent Retirees The pages are provided for your information and guidance by the Lucent Chapter Benefits Team. If you are a retiree (or you know a retiree) please make sure you register with the CWA at www.cwa-union.org/nokiainfo so you can join us in our fight! These cookies do not store any personal information. If you do not enroll within your first 31 days of hire, you will need to wait to enroll until the next annual open enrollment, unless you experience a qualified coverage change event (new baby, marriage, divorce, etc.). There are No Penaltiesfor either the Provider or the Member. Your member handbook is your one-stop resource for all the details and laws that impact your pension benefits. Phone: (800) 296-3993 We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. made to the retiree. layoffs. If your health plan, including Nokias, is not meeting your needs, you can ask for advice on a state-by-state basis at SHIP centers. Report a Member Death . Read Here our Presidents Forum that features a current topic on any one these issues. 6 If there is no spouse, your child or children can receive . What You Need to Know When You Get Retirement or Survivors Benefits; Benefits for same-sex couples; Amount of survivors benefit; Schedule of . Secure .gov websites use HTTPS This simple phrase has two meanings and they are both relevant. These values are the foundation of their culture, and they are demonstrated in their actions every single day. If your designated beneficiary(ies) is not living at your death, the benefit will be paid to your legal representative (usually the administrator or the executor of your estate or the collector of funds for your estate). If you need to report a death or apply for benefits, call 1-800-772-1213 (TTY 1-800-325-0778). Benefit is based on the annuity option the member chose at the time of retirement. the number is:1-888-232-4111, toll free. To report the death of a person who is receiving or due a pension benefit from PBGC, please call us at1-800-400-7242. 31,000 Lucent Technology retirees will see their death Skalko said the death benefit was first instituted in You can speak to a Social Security representative between 8:00 a.m. - 7:00 p.m. Monday through Friday. Visit our Contact Us page for more information. 2 Topics 6 Posts Last post Retiree life insurance question by JosephG Apr 16, 2019 . Life Insurance Benefit:The LRO has been dealing with Nokia for years to secure additional funding for the underfunded Group Life Insurance Trust (GLI). The death benefit provides a qualified mandatory beneficiary, i.e. Under the TI Plan, the deductible is added to your maximum out of pocket of $1600, $1600 plus 2.5% of your pension. TTY/ASCII users may call 711. The new contract also would raise deductibles and scheduled copayments for dental services, the spokesman said. Call 1-800-765-4239. You can apply using our online serviceMy Pension Benefit Access (MyPBA)or you can call PBGC's Customer Contact Center to request a beneficiary application for pension benefits. If you are not married and die before receiving your first pension payment, PBGC may owe you money at the time of your death. A lock icon or https:// means youve safely connected to the official website. (NOTE: Not all employers under the Local Governmental Employees' Retirement System have elected to provide the death benefit coverage for their non-law enforcement personnel.). If you do not name anyone, or if the person you name dies before you, PBGC will pay the amount owed to you in this order: your spouse, your children, your parents, your estate and your next of kin. There are multiple survivor options to choose from for the monthly pension, but all are only available for a qualified . Medicare & Medicare Advantage:Original Medicares Hospital Insurance program (Medicare Part A) is pointed toward insolvency by 2026. Skalko said. See "Choosing and Changing Your Beneficiaries" for more information about monthly payments for survivors. February 1, amounts to a years salary at the time of By submitting this form, you are consenting to receive marketing emails from: HealthManagementCorp (HMC). Joe Sciulli is the NRLN Vice President Social Media and President, Lucent/Nokia Retirees Chapter. Coverage drops 10% a year until age 70 when it remains at one half of a years salary. A lump-sum death benefit is payable to certain survivors of an employee with 10 or more years of railroad service, or less than 10 years if at least 5 years were after 1995, and a current connection with the railroad industry if there is no survivor immediately eligible for a monthly annuity upon the employee's death. 1 Beneficiaries receive the death benefit payment free of ordinary. The NRLN wants to limit on the number of years that retirees can be exposed to paying back overpayments and the percent that can be taken from their monthly pension checks to repay the pension plan.