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CORRE Accomplishments and Activities

Key Accomplishments

Year 2000 Key Accomplishments

CORRE is organized in September 2000 by a small group of concerned retirees, who were distressed over the erosion of everyone’s pensions due to inflation and also by reports that the new prime contractors for Y-12 and ORNL may attempt to extract money from the Retiree Pension Fund via a "420 Transfer." (The previous contractor had attempted to extract money from the Fund, but had been halted by extreme political pressure from Oak Ridge union members and a number of retirees.)

CORRE holds press conference/rally at DOE- ORO Federal Building on October 20, 2000.

 

Year 2001 Key Accomplishments         

CORRE develops 2001 Position Paper, urging and justifying a package of improvements needed in pension benefits for retirees, the primary one being the need for an ad hoc increase to partly offset the loss in pension values due to inflation.

CORRE enlists the aid of federal legislators in blocking any proposed "420 Transfer," and their support in obtaining a much-needed pension increase for retirees.

The attempt to remove money from the Pension Fund via a "420 Transfer" is vetoed at the Washington DOE-HQ level.

In June, retirees receive the first pension adjustment since 1989 (valued at $130 million on an actuarial basis). Individual increases ranged from 4% to 23%, depending on when a person retired.

In response to CORRE’s request, the "pop-up" benefit (restoration of a retiree’s pension to full amount upon death of spouse) is given to retirees.

At BWXT’s invitation, publication of the "CORRE Corner" (news about CORRE) begins in the BWXT Y-12 Retiree Newsletter.

 

Year 2002 Key Accomplishments

Formal Bylaws to govern CORRE organization and functioning are developed and are approved by the Board.

CORRE receives Charter from the State of Tennessee.

CORRE develops a 2002/2003 Position Paper, urging and justifying the package of improvements needed, together with a listing of longer-range goals.

 

Year 2003 Key Accomplishments

CORRE continues to urgently make the case with company representatives and legislators for the benefits changes requested in the 2002/2003 Position Paper. These included a minimum monthly pension of $600 for retirees with at least 20 years of service; $400 monthly for eligible surviving spouses; and a cost-of-living adjustment for retirees averaging 15%.

CORRE is approved as a not-for-profit 501(c)3 organization by the IRS.

CORRE encourages the Tennessee Congressional Delegation representing East Tennessee counties to write to DOE Secretary Abraham about the inequity in pension adjustments across the DOE system and the need for equitable treatment for Oak Ridge retirees. Both Tennessee Senators have written separately to the Secretary expressing their concerns.

CORRE Board votes to expand the organization’s coverage to all retirees from local DOE contractors (such as Wackenhut and Bechtel-Jacobs), who are under the same pension plan.

Rep. Zach Wamp’s office coordinates a July meeting between CORRE and the DOE Operations Office Managers to discuss our requests for improvements in retiree pension benefits.

CORRE meets in August with M&O Contractor Managers and TN Congressional Staff representatives to discuss our pension benefit requests.

 

Year 2004 Key Accomplishments

Minimum pension benefit of $600/month for retirees and $400/month for surviving spouses begins in January.

CORRE issues 2004 Position Paper, requesting a pension adjustment to recover 75% of inflationary losses, averaging 17% based upon years since retirement.

Petition with 5,684 signatures supporting CORRE’s goals presented to DOE-ORO, contractors, and congressional representatives.

CORRE representative invited to participate on ORNL Benefits Advisory Committee.

Roane County Commission issues resolution in support of CORRE’s objectives.

 

Year 2005, First Quarter Key Accomplishments

CORRE's 2005 Position Paper issued, outlining needed adjustments and spousal option benefit improvements. 

Representatives from Wackenhut and Becthel-Jacobs added to CORRE Board. 

Pension benefit concerns have been discussed with the DOE-OR Manager.  He has agreed to make DOE Secretary Bodman aware of the issues raised by CORRE.

CORRE Home   Key Accomplishments   Important Activities

 

Important Activities

Year 2000 Important Activities

CORRE names officers and board members, defines its purpose, and establishes a list of objectives.

CORRE enlists the aid of the Knoxville News Sentinel and The Oak Ridger to help with these objectives.

CORRE initiates discussions with ATLC and the DOE-ORO Manager.

 

Year 2001 Important Activities

CORRE board members begin regular monthly meetings in Oak Ridge to discuss issues.

CORRE executive officers hold their initial meetings with prime contractor managers.

Annual goals and objectives are developed for 2001.

Open dialog is established by CORRE with DOE Oak Ridge Operations Office, BWXT and UT-Battelle management, and the Tennessee Congressional Representatives.

Subcommittees are established to handle political actions and retiree Legislative contacts, strategic planning and other functions.

CORRE hosts the first annual meeting for members, reporting the year’s accomplishments and future plans.

 

Year 2002 Important Activities

Annual goals and objectives are developed for 2002/2003, including minimum pensions for retirees, an annual cost-of-living increase for retirees, and CORRE representation on the Pension Fund Advisory Board of the prime contractors.

CORRE initiates its website, where pertinent information about CORRE activities is posted.

CORRE writes to DOE Secretary Abraham concerning inequity in Oak Ridge retirees’ pensions compared with others in the DOE system.

CORRE corresponds with Department of Labor and the IRS about discriminatory practices in administration of the Oak Ridge Pension Fund.

CORRE holds second annual membership meeting.

Regular meetings held between CORRE and Contractor representatives.

 

Year 2003 Important Activities (Click here for additional details about CORRE 2003 Activities)

CORRE "Active Membership" grows to over 2,000.

CORRE continues to meet periodically with Contractor, DOE, and Congressional representatives.

CORRE continues to carefully watch the value of Pension Fund Assets, the Present Value of Liabilities, and the Surplus against which any proposed increase will be judged.

The third annual membership meeting is held October 8, with new officers and board members being elected for 2004-2005.

 

Year 2004 Important Activities (Click here for additional details about CORRE 2004 Activities)

CORRE presents adjustment request to BWXT and ORNL management.

CORRE meets with DOE-ORO and NNSA-Y-12

CORRE asks that new employee benefit of 2% pension reduction for spousal reduction option be extended to retirees.

CORRE briefs Congressional representatives and writes to local and regional elected officials, explaining goals and seeking their support.

CORRE Membership grows to 2,250.

 CORRE holds 4th Annual Meeting and Rally at ORHS Auditorium  on October 20, 2004.

 

Year 2005, First Quarter, Important Activities

Corresponded and met with chief UT-Battelle, BWXT and Wackenhut managers to explain CORRE's request for pension benefit improvements. 

Briefed representatives from the entire East Tennessee Congressional Delegation about complete lack of action, through the first quarter of 2005, by DOE and the Oak Ridge DOE Contractors upon CORRE’s requested pension benefit improvements.

 


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Working for Fair, Equitable, and Competitive Benefits

for

13,000 Former K-25, Y-12, and ORNL Employees

 

Coalition of Oak Ridge Retired Employees P.O. Box 4266, Oak Ridge, Tennessee  37831-4366


Questions and comments may be sent to CORRE President

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Date Modified: 19 March 2007