had a significant role in this accomplishment because you are often #1 or #2 in sending the largest number of NRLN Action Alert emails to your members of Congress. The death benefit has been eliminated before. An official website of the State of North Carolina, Benefits Available to Your Beneficiaries Upon Your Death, Firefighter & Rescue Squad Worker Employer Resources, "Choosing and Changing Your Beneficiaries". Recently Nokia announced it plans to transfer $316 million of the excess pension assets to pay for Group Life coverage for eligible Lucent / Nokia retirees. Over 98% of all Medicare eligible Retirees are in the PPO plan. Purchase Service; Return To Work; NC 401(k) Plan/NC 457 Plan/NC 403(b) Program; Pay Days; Retirement Forms; Management retirees may select the health and prescription drug plans offered by Nokia - a Medicare Advantage PPO plan from United Healthcare that uses a network of providers, with options to use doctors and hospitals out-of-network. If you are enrolled in Nokia-provided retiree medical and/or dental coverage and your non-Medicare-eligible Class I dependents become eligible for Medicare, you can enroll them in Nokia retiree medical coverage during any annual open enrollment period, for coverage for the following calendar year. If you retired before 3-1-1990 you are guaranteed NO Monthly Premium for life. Life Insurance Benefit:The LRO has been dealing with Nokia for years to secure additional funding for the underfunded Group Life Insurance Trust (GLI). Should your death and the death of the beneficiary you name to receive a monthly payment, if any, occur before the total of all monthly payments equals the amount of your contributions and interest, the unrecovered portion of your contributions and interest will be paid in one lump sum to another beneficiary. Secure websites use HTTPS certificates. For retirees, let me suggest that the most important resolution you can make for the year 2023 is STAY ON YOUR FEET! Quick Links. Upon death the of a retired member, unless an optional benefit was elected, a lump-sum is paid to the beneficiary. The Evidence of Coverage (EOC) provides a complete list of services we cover. And its true that one dollar in 1990 purchasing power requires $2.73 today.
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