Sponsored By

AT&T Increases Pensions

AT&T Chairman and CEO Edward E. Whitacre, Jr. announced at the company's annual meeting an ad hoc pension increase for certain retirees

April 27, 2007

1 Min Read

SAN ANTONIO -- AT&T Chairman and Chief Executive Officer Edward E. Whitacre, Jr. announced today at the company's annual meeting an ad hoc pension increase for certain retirees.

The pension increase applies to retirees who retired before 1996 and currently receive a monthly pension benefit of $1,200 or less. These retirees will receive increases up to 6.2 percent, with the largest increases going to retirees in this group who currently have the smallest pensions.

"I appreciate the contributions of our retirees who have helped us to become the company we are today," said Whitacre, "and thanks to an exceptional year in 2006, I'm pleased we can make this increase."

AT&T Inc. (NYSE: T)

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like