AT&T SW TA Featured Highlights - PENSION & SAVINGS BENEFIT PLAN!

Today’s Focus is PENSION & SAVINGS BENEFIT PLAN!  
 

In today’s uncertain economic environment, it’s critical that we lock in these historic wins under this new contract before conditions worsen. This is, without a doubt, the strongest contract we’ve seen in the last 15 years.

• 1% Pension Band Increase (for those eligible) in 2026
• 1% Pension Band Increase (for those eligible) in 2027
• 1% Pension Band Increase (for those eligible) in 2028
• 1% Pension Band Increase (for those eligible) in 2029
• Kept Traditional Pension Language intact (includes lump sum once eligible
• Effective January 1, 2026 all employees in the AT&T Savings & Security Plan (approx. 5000) will be moved to the AT&T Retirement Savings Plan. This provides optional increased contribution matches for even more money into the savings plan (more details to come at explanation meeting). Continuation of Cash Balance #2 for those not on traditional pension

Is the lump sum still available?

ANSWER: For employees who are on the traditional AT&T Pension Benefit Plan the plan details did not change. So once you meet the eligibility to receive a lump sum payout it still applies. Additionally, the Bargaining Team did negotiate a 1% pension band increase annually on January 1st every year 2026 thru 2029.

If you are still on the fence about whether or not you support this TA, please ask questions to get all the clarification that you need.

If you are uncertain what questions to ask, please review the answers updated on a continuous basis to questions asked by other members.

If you have not had an opportunity to watch the explanation video, we again highly encourage you to do so!

If you have not yet voted, you are running out of time!
 

***IF YOU HAVE NOT RECEIVED YOUR BALLOT,
REACH OUT TO YOUR LOCAL ASAP!***

/ss
opeiu#13