Pension / Retirement
The Pension Benefit Guaranty Corporation (PBGC), a US Government agency, is responsible for the Retirement Income Plan. They can be reached at:
- Customer contact center: 800-400-7242
- Hours: Monday-Friday, 8:00am – 7:00pm ET
Long Term Investment Plan / 401(k)
The LTIP / 401(k) plan is administered by Hewitt Associates, LLC. You can reach them at the following:
- Phone: 800-726-0026
- Web: http://resources.hewitt.com/nortelnetworks
Effective August 16, 2012, Nortel Networks Inc. has partnered with Retirement Clearinghouse (RCH) to assist with distributions from the Nortel Networks Long Term Investment Plan (LTIP). To request a distribution from the LTIP, please call RCH at 1-877-908-9454.
Stock Options / RSUs
For questions regarding your stock options or RSUs, contact ComputerShare at 800-834-9814.
Chapter 11 Claims Process
For any questions regarding a mailing from Epiq, information on the claims process in the U.S. or other information concerning the chapter 11 proceedings, contact the U.S. claims agent at the following:
- Epiq Bankruptcy Solutions, LLC
- Phone: 866-897-6435
- Web: http://chapter11.epiqsystems.com/nortel
Nortel’s Motion 1114 - Motion for Entry of an Order Terminating Retiree Benefits and Approving a Settlement Proposal Pursuant to 11 U.S.C.§ 1114.
The motion describes the changes that Nortel is asking the court for permission to make to the Retiree benefits, as well as the date when those changes would happen. You are encouraged to read the motion in full since it will affect your legal rights. If you still have questions after reading the motion, you can contact the Retiree Committee’s counsel, Togut Segal & Segal, by either phone (212-594-5000); email (email@example.com); or mail (Togut, Segal & Segal LLP, One Penn Plaza, Suite 3335, New York, NY 10119, Attention: Richard Milin) or your own counsel. Nortel cannot provide any legal advice regarding the motion.
Retiree Settlement Motion
On December 31, 2012, the Nortel U.S. Debtors filed a Motion for Entry of an Order Approving Settlement Procedures and Subsequently a Settlement Agreement with the Official Committee of Retired Employees [D.I. 9224].
The Motion describes the agreement that Nortel and the Retiree Committee have reached that will resolve the Debtors’ motion to terminate retiree benefits, and related issues. The settlement will allow for Nortel’s termination of the Retiree Plans as of June 30, 20131, provide a payment to the Retiree Committee, and provide for the release of claims by Nortel and retirees, among other things.
I encourage you to read the motion in full since it will affect your legal rights. If you still have questions after reading the motion, you can contact the Retiree Committee’s counsel, Togut Segal & Segal, by either phone (212-594-5000); email (firstname.lastname@example.org); or mail (Togut, Segal & Segal LLP, One Penn Plaza, Suite 3335, New York, NY 10119, Attention: Stephanie Skelly) or your own counsel. Nortel cannot give you any legal advice regarding the motion.
On January 23, 2013, the court entered an order that set March 12, 2013, at 4:00 pm as the deadline to object to the settlement agreement and set April 2, 2013, as the hearing date to consider approving the settlement agreement. The court also approved notice procedures by which the Debtors and the Retiree Committee will provide notice to interested parties about the settlement agreement.
If you have an inquiry about your Retiree benefit elections that relate to your potential recovery under the proposed settlement, please submit your inquiry to the Retiree Committee through the link on their website at www.kccllc.net/nortelretiree and they will respond to your request as soon as possible.
Further detail regarding this motion can be found in the following documents:
Retiree Benefits Motion
Retiree Benefits Motion Exhibit A
Retiree Benefits Motion Exhibit B
Retiree Benefits Motion Notice
1Please note that in accordance with the Settlement Agreement, the parties have agreed to extend the Termination Date to June 30, 2013.
Change of Address
It is important for Nortel to maintain your current address. Former employees of Nortel Networks Inc. in the United States may submit updated address information directly to Nortel. Select “Contact Us” at the bottom of this page to contact Nortel Networks Inc. to update your address in other areas.
Long Term Disability Motions
Motion and settlement details of Long Term Disability Motion 1108.
COBRA Retirement Election