CWA Retirees Impacted by AT&T-Athene Pension Transaction
On April 26, 2023, AT&T entered into an agreement with subsidiaries of Athene Holding Ltd. ("Athene") under which pension annuity benefits covering over 96,000 retiree and beneficiaries would be transferred out of the AT&T Pension Plan and to Athene, which would take over payment and administration of these benefits. 

CWA has serious concerns about transactions like these, which are often called "pension risk transfers."

Pension benefits transferred to life insurance companies are no longer backstopped by the Pension Benefit Guaranty Corporation (PBGC) but are instead covered by the applicable state insurance guaranty association, under which protection levels vary across the country. 

In addition, we have concerns about the business practices of Athene, which is wholly-owned by a private equity firm called Apollo Global Management.

Please fill out the below questionnaire if you are a retiree or other beneficiary whose AT&T pension benefits have been transferred to Athene.
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What is your name? *
What year did you retire? *
From what AT&T unit did you retire? *
Was your AT&T pension benefit transferred to Athene? *
On a scale of 1 - 5, how concerned are you about AT&T"s transfer of your pension benefits to Athene? *
Least concerned
Most concerned
Please tell us more detail about any issues that concern you regarding this transaction.
In what state or US territory do you live? *
Would you like to learn more about this transaction and opportunities to fight back? *
Please provide an e-mail address *
Please provide a phone number *
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