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Association of
Ameritech/SBC Retirees
EPR Retiree Class Action Suit update
For those of you who are EPR retirees, were Service Pension eligible as of July 1, 1999 and took a lump sum, there is a rumor floating about that the Linda Call vs. Ameritech Management Pension Plan law suit holding Class Action Status has been settled and the checks are in the mail.
In order to better understand where the Suit stands, I had asked the Association's General Counsel, Jim Kempe, and fellow member Mike Pabian, also an attorney and an EPR retiree, to gather any pertinent information.
After some investigation and a discussion with the Plaintiff's attorney. We now have a feel for its status.
1) As rumored, the law suit had been settled in the Plaintiff's favor and a Judgment had been entered.
2) The bad news is the AMPP administrators have indicated that they plan to appeal the judgment based (apparently) on their belief they Have a right to determine the lump sum calculation method (the basis for the suit). The plaintiff's attorney told the Association they believe it will be at least 12 to 18 months until a final judgment is rendered.
While the Association has not taken a position yet on this Class Action Suit, we believe it is our responsibility to keep those members affected potentially by the suit informed. To that end, we have established a communications link with the plaintiff's law firm and will continue to share any pertinent news on this item.
Bruce Beckman President, AASBCR, Inc. |