CWA Comment on Voluntary Pension Contribution by AT&T

The following is from a memo from CWA to local Presidents:

“Washington, D.C. — The Communications Workers of America is pleased to see that AT&T is taking steps to further strengthen its defined benefit pension fund. Retirement security is a critical issue for working families, and AT&T’s action means a strong future for the fund.

AT&T’s announcement comes at a time when many companies have moved in the opposite direction, eliminating or underfunding their pension plans and putting workers’ retirement security at risk.

The Department of Labor will review AT&T’s request to ensure compliance with regulations designed to safeguard plan participants.”