March 4, 2006
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| CORRE President Clarifies
Pension Information March 4, 2006 |
Mr. Donald R. Erbschloe Acting Chief Operating Officer Office of Science U. S. Department of Energy Washington, D. C. 20585 Your understanding of CORRE’s request is correct. We are seeking two post-retirement adjustments under the Defined Benefit Pension Plan: (1) An ad hoc adjustment to restore to 75 percent the pension benefit; and (2) a flat-rate reduction factor of 2 percent for retirees who elect the surviving spouse option. CORRE seeks these adjustments for retirees covered by the BWXT-UT/Battelle Multi-Employer Pension Plan (MEPP), as well as those grand-fathered retirees under the Bechtel-Jacobs and Wackenhut Pension Plans. David E. Reichle President, CORRE (See full text.) |
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Working for Fair, Equitable, and Competitive Benefitsfor13,000 Former K-25, Y-12, and ORNL EmployeesCoalition of Oak Ridge Retired Employees P.O. Box 4266, Oak Ridge, Tennessee 37831-4366
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| Date Modified: 12
March 2007 |