LOCAL 1060
Communications Workers of America AFL-CIO, CLC
595 Somerset Street North Plainfield, NJ 07060-4908 (908) 561.8806
March 21, 2008
Re: Lucent Performance Plan – Fiscal Year 2007 Results
This letter is to notify you of the Fiscal Year 2007 results for the Lucent Performance Plan (LPP) for represented occupational employees. Since the parties only reached agreement on Business Group Metrics for the Installation/CARA group, the same company metric will be applied to the Business Group Performance Award for all other organizations.
Based on Alcatel-Lucent’s performance in FY2007, the aggregate percent of target incentive paid under the AIP applicable to U.S. Management A Band Employees is 35%. The calculation to determine the payment to eligible represented occupational employees (rounded to the nearest dollar) is:
Lucent Award: Target ($614) x Percent of Target (35%) = $215
All represented employees except Installation/CARA:
Business Group/Sub-Group Award: Target ($614) x Percent of Target (35%) = $215.
Installation/CARA represented employees (except Communications Services Installers):
Business Group/Sub-Group Award: Target ($614), Performance Results = $330.
(See attached results table)
However, the Lucent Performance Plan contained in the 2004 National Memorandum of Understanding stipulates a Minimum Amount for each award, in each performance year. Since the percent of target incentive results in an amount lower than the minimum amount for some groups, the payments for represented occupational employees for FY2007 are as follows:
All represented employees except Installation/CARA:
Lucent Award: Minimum Amount = $250
Business Group/Sub-Group Award: Minimum Amount = $250
Total = $500
Installation/CARA represented employees (except Communication Services Installers):
Lucent Award: Minimum Amount = $250
Business Group/Sub-Group Award: Minimum Amount = $330
Total = $580 Re: Lucent Performance Plan – Fiscal Year 2007 Results - continued
Paragraphs 4, 5 and 6 of the Lucent Performance Plan contained in the 2004 National Memorandum of Understanding shall apply to the Lucent Performance Award and Business Group Performance Awards for Performance Year 2007 payments. Payment will be made on April 4, 2008.
1.30.08
UPDATE ON QUESTIONS/ISSUES/CONCERNS
ABSENTEE CALL POLICY:
AT THE PRESENT TIME THE COMPANY AND THE UNION HAVE NOT REACHED AN AGREEMENT ON THE NEW POLICY REGARDING ABSENTEEISM
UNTIL FURTHER NOTICE PLEASE FOLLOW THE GUIDELINES REQUESTED BY THE COMPANY AS WE WORK TO RESOLVE THIS ISSUE.
MORE INFORMATION TO FOLLOW
PAYROLL:
THE LOCAL IS AWARE CHECKS ISSUED FOR WK ENDING 2-2-08 HAD DISCREPANCIES REGARDING DEDUCTIONS.
THE LOCAL HAS A CALL INTO THE APPROPRIATE PEOPLE AND IS WAITING FOR AN ANSWER. AS SOON AS WE RECIVE THE NECESSARY INFORMATION WE WILL PASS IT ON AND THE CORRECTIONS WILL BE MADE
BI-WEEKLY PAYROLL:
UNFORTUNATELY A RUMOR IS BEING PASSED AROUND!!!!!
REPRESENTED EMPLOYEES WILL CONTINUE TO RECEIVE THEIR PAYROLL WEEKLY AS GOVERNED BY THE CONTRACT
Greg H Gehrke
CWA1060 Exec.VP
908-582-8051
Alcatel-Lucent: QJSA Option for 2009
December 6, 2007
We have received the following information from David Birdsong, Senior Manager of Workforce Relations at Alcatel-Lucent, regarding the New Qualified Joint Survivor Annuity (QJSA) Option for 2009.
Alcatel-Lucent will be adding a 75% Qualified Joint Survivor Annuity (QJSA) option to the Lucent Technologies Inc. Retirement Plan and the Lucent Technologies Inc. Pension Plan in order to comply with Section 1004 of the Pension Protection Act of 2006. This new option will be available to any participant commencing a benefit on or after January 1, 2009. The 50% QJSA will continue to be the default option.
For your convenience, please find attached Section 1004 of the Pension Protection Act, Requirement for Additional Survivor Annuity Option.