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4/3/2006: Retirement Benefits and the Lucent/Alcatel Deal (Truth on the Market)
Excerpt: As a merger between Lucent and Alcatel inches closer to completion, Lucent's retirees worry about what may happen to their benefits. Billed as a 'merger of equals,' concerns about Lucent's retirement accounts have been a speed bump. While Lucent has nearly a $2.7 billion surplus in its three of its pension plans, it faces a shortfall roughly twice as large in its healthcare plan.
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