CORRE Blog

DOE has cancelled DOE Draft Notice N351.1.  But, the policy underlying it continues.  DOE has been implementing new defined contribution plans under all of its new contracts.  The specifications for these plans are in the Requests for Proposal for bids on new contracts to operate DOE facilities.

What will be the conditions for the new Oak Ridge contracts?  What kind of benefits will be specified in the for the new plans for new employees?  Big questions- and will DOE try to raid the present pension plan funds?  Stay tuned!

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– to be developed–

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Your name and email will not be posted online.  Your personal information will not be transmitted outside of CORRE.  Your email address may be used to send notices from CORRE.  You will, of course, retain the right to tell us that you do not want any email notices from CORRE, and we will honor that request.

We invite members of CORRE and the public to submit posts (or longer articles) for publication on this blog. Posts on a wide variety of subjects are welcome, as long as they stick to the main theme of this site–pensions and benefits. Subject matter welcomed include:

• Experiences with decrease in value of your pension.

• Experiences with correspondence with officials about Oak Ridge pensions.

• Your ideas about how to get the U.S. Department of Energy and contractor to do the right thing by honoring past practice of contractors regarding adjustments.

• You experiences with medical costs.

• Summaries of and references to articles about retirement benefits, the cost of living for retirees, and ideas on how to manage on retirement income.

You can email the editor with a suggestion for a post or article, or you can just submit it to him. There is no certainty that the post or article will be accepted. The editor will have final determination about publication and may edit the material submitted.

You can, of course, comment at any time on any of the posts in this blog.

The Coalition of Oak Ridge Retired Employees (CORRE) was formed in 2000 to represent the interests of the approximately 12,000 retirees (and surviving spouses) who have retired from Department of Energy Contractor-managed facilities at Oak Ridge, Tennessee – Oak Ridge National Laboratory (ORNL), K-25 Gaseous Diffusion Plant (K-25), the Y-12 Plant (Y-12), Grandfathered employees under the pension plan at Bechtel-Jacobs and its subcontractors, and Wackenhut.

The primary objectives of CORRE as stated in its Bylaws are: (1) to obtain and maintain pension and other benefits that are fair and equitable and competitive compared with other industries in the region and with other major DOE federal and private Contractors in the technical field; and (2) to safeguard the Pension Trust Fund from which these benefits are derived.

The full text of the position of CORRE on benefits may be obtained on the main web site. Here.