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Last update: 13-Apr-2015
Update on Lockheed Martin Medical Coverage Developments
From: Maury Mechanick - Apr 10, 2015
I wanted to share a quick update on developments related to the LM changes in medical coverage. Rich Lustig, on behalf of COMARA, had a meeting recently with Mike Bradley, his successor at Lockheed Martin, to review the many questions and open issues that have arisen. His summary of the outcome of the meeting is provided below. I think in general the information that Rich has obtained is extremely helpful and certainly clarifies a lot of what has happened. On particular note, there is now a better explanation of the derivation of the $3000 figure used for the HRA for COMSAT retirees who have been getting medical coverage from LM previously, and the $3900 figure used for those members of the class of 1983 with respect to continuity for those who had been promised coverage with no cost. A separate issue had arisen with respect to certain retired senior executives who are also promised medical coverage at no cost via the SERP plan that applied to them, and Rich was successful in getting that situation clarified as well. Also, he was able to reconfirm that these developments in no way affect LM's maintenance of the life insurance for retirees.
I believe this successfully addresses the various issues that have come to our attention and the explanations do appear to provide greater clarity as well as a sense of reasonableness as to what is being done.
I also want to expressly thank Rich Lustig for all of his work and effort in this regard, as well as the excellent results that he has obtained. COMARA definitely owes him a debt of gratitude.
If anyone has any questions, please direct those to me.
Go the the Benefits section to read the information provided by Rich Lustig.
There are two important attachments that provide additional detail to this benefits summary. These are both in pdf format. If you have any problems with reading or printing these documents, please get in touch with the webmaster at email@example.com, and he can probably provide the document in another format.
2015 COMARA Update on Health-Care Retirement Benefits
2015 LMC-HRA Insert Dental LHD5 Final
Read reports from our members
Update for Satellites exhibit at the National Electronics Museum
There is significant new progress on the Satellites: Transforming Our Lives exhibit at the National Electronics Museum. See Satellites: Transforming Our Lives Exhibit to read Joe's report and view one of the concept drawings for the exhibit. Echostar-Hughes has just made a major new commitment of video display programmable boxes used in the Dish Network that will allow sophisticated programming on the video wall and Education and Multi-Media Center in the display area of the exhibit. The Satellite Industry Association has agreed to actively help our fund raising effort with particular support by Tom Stroup, the SIA's new President. We have a team of designers and script writers working on the final design that consists of Andrew Petitti, Philip Brady and Abigail Porter. We hope to have the new satellite display and outside upgrades to the Museum, including a 10' x 30' display sign along Nursery Road finished and in place by the Fall of 2015. We also will have a 60 page color brochure about the exhibit for students printed by the Summer of 2015. We wish to thank everyone that has helped make this effort a success. Contributions are still possible by going to the website for the National Electronics Museum.
Over 40 people attended the First Wednesday in December Gathering held December 3 at the Golden Bull Grand Cafe. Only a few photos have captions to to help you identify the people in the photo at this time. We hope to have captions on the remaining photos by mid-January. Click any photo to view the photo in a larger size and display the caption. Navigate through the set using arrow links or arrow keys on the keyboard. There is also a link to the slide show from this view.
Thanks to Ron Johnson for organizing this event. Thanks also to Paul Schrantz and Ron Garlow for taking the photos.
We had a great turnout for the 2014 Social at the Golden Bull Grand Cafe on
Sunday, September 28. View the album containing photos. Captions on the photos
identify the people in each photo. Click any photo to view the photo in a
larger size and display the caption. Navigate through the set using arrow links
or arrow keys on the keyboard. There is also a link to the slide show from this
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