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Your Step by Step Guide to Your Retirement Benefits

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					AT&T Retirement Checklist | January 2008




Your Step-by-Step
Guide to Your
Retirement Benefits




                                           NIN: 78-11953
Over the years, your commitment to                                         Tips on Using This Checklist
the well-being of our company has                                          From health care coverage to pension plans, the
                                                                           AT&T Retirement Checklist provides you with a list
helped it grow and become the world’s
                                                                           of next steps that will help you transition smoothly
telecommunications leader. As you                                          to your retirement benefits. Please read this
prepare to leave AT&T, we want you to                                      entire checklist to ensure that you receive your
have information that will help you make                                   retirement benefits.
important benefits decisions regarding                                     The telephone numbers you need are listed
your and your family’s well-being.                                         throughout this checklist. They are also listed near
                                                                           the back page along with Web site addresses.
                                                                           Please note: The AT&T Retirement Checklist
The AT&T Retirement Checklist tells                                        is a summary of the actions you must take in
you what you need to know, what                                            order to access your retirement benefits. For full
you need to do and where you need                                          details, including eligibility, you should consult the
                                                                           summary plan descriptions (SPDs), summary of
to go for information so that you can
                                                                           material modifications (SMMs) or the official plan
take advantage of your retirement                                          documents. To access the SPDs and SMMs online,
benefits.                                                                  go to the Your Benefits section of HROneStop
                                                                           at hronestop.att.com (from work) or the Your
                                                                           Benefits section of access.att.com (from home)
 Contents
                                                                           and log in. You may also call the AT&T Benefits
  Managing Your Financial Well-Being . . . . . . . 3                       Center toll-free at 877-722-0020 to request a
  Managing Your Health . . . . . . . . . . . . . . . . . . . . 4           printed copy of these documents. In all cases, the
                                                                           official plan documents govern and are the final
  Additional Benefits . . . . . . . . . . . . . . . . . . . . . . . . 6
                                                                           authority on the terms of the plans.
  Additional Information . . . . . . . . . . . . . . . . . . . . . 8
  Staying in Touch . . . . . . . . . . . . . . . . . . . . . . . . . . 9




AT&T Retirement Checklist                                                                                               Page 2
Managing Your Financial Well-Being

Your Pension Plan                                    Your Savings Plan(s)
What You Need to Know                                What You Need to Know
You need to know who’s your pension                  When you retire, you may have balances in 401(k)
administrator.                                       savings plans. If so, you will receive a Participant
                                                     Distribution Notice in the mail stating the current
Legacy SBC         ¶ Fidelity Service Center         value that you are eligible to receive from each
Legacy AT&T        ¶ AT&T Pension Service Center     plan. This notice will also explain your distribution
Legacy BellSouth   ¶ AT&T Benefits Center            options and what you need to do to receive your
Legacy Cingular    ¶ Fidelity Service Center         final distribution.
Service associates are available to coach you step
by step through the required actions, helping you     What You Need to Do:
to initiate the retirement process and to advise      3 Watch for your Participant Distribution
you on your payment. You will receive information         Notice and Special Tax Notice Regarding
customized to your retirement situation.                  Plan Payments. These notices help explain
                                                          your options, as well as the associated
 What You Need to Do:                                     federal tax implications, regarding your
 3 When you are approaching your retirement               vested account balance.
     date, simply contact your pension benefit
     administrator. This starts the retirement         3 Should you choose to take a distribution,
     process and is the first step toward                 please contact the Fidelity Service Center
     receiving your pension.                              at 800-416-2363 or go to
                                                          the Fidelity NetBenefits Web site at
  3 Be prepared to provide documents                      http://netbenefits.fidelity.com to
     showing proof of birth, marriage, divorce,           initiate this transaction.
     Social Security number (SSN), etc., for
     you and your spouse/legally recognized            3 For additional information regarding
     partner (LRP). (This documentation may be            your distribution options, please call the
     needed for other vendors as well.)                   Fidelity Service Center to speak with a
                                                          service associate.
 Service Center                  Telephone
 Fidelity Service Center         800-416-2363
 AT&T Pension Service Center     800-736-7779
 AT&T Benefits Center            877-722-0020



AT&T Retirement Checklist                                                                        Page 3
Managing Your Health


Your Health Care Plans                                  * If you or your dependents are eligible for COBRA
and Programs                                              continuation coverage, you will also receive
                                                          that notification within 44 days from your
What You Need to Know
                                                          employment termination date or the date your
Your health care plans and programs include
                                                          coverage is scheduled to end, whichever is later.
your medical, dental, vision, CarePlus/MedPlus
(if applicable), prescription drugs, mental health/      What You Need to Do:
chemical dependency (MH/CD) or mental health/            3 Contact the AT&T Benefits Center at
substance abuse (MH/SA) or behavioral health                 877-722-0020 if you have any questions
(BH) and life insurance benefits. Your active benefit        and/or to make a new election,
coverage will end on the last day of the month in            if required.
which the last day of your employment occurs.
For example, if you retire on April 16, your active
benefit coverage ends on April 30.                      Paying for Your Health Benefits
                                                        If you are eligible to continue coverage after
Note: Coverage and contributions offered to
                                                        your employment ends, your contributions to
you at termination of employment may vary
                                                        benefits coverage may be different from your
depending on your retirement date, Medicare
                                                        pre-retirement contributions.
eligibility for you or your dependents, the
company you retire from and the benefits                The AT&T Benefits Center can provide more
available to you.                                       information on your new contributions, if
                                                        applicable. Just call 877-722-0020 if you
The company will review your eligibility for post-
                                                        have any questions and/or to make a new
employment benefits, and you will receive a
                                                        election, if required.
Confirmation of Coverage (COC) statement in the
mail from the AT&T Benefits Center in about seven
to 10 days from the date that your retirement
notice is received. This statement tells you the
coverage that you and your covered dependents
will receive after your retirement.* The statement
also includes information on any contributions
you will need to make. If you need to make
new elections, you will receive an Enrollment
Worksheet instead of a COC statement with
instructions on what to do next.


AT&T Retirement Checklist                                                                         Page 4
Managing Your Health


Your Medicare Coverage                                enroll in order to receive this benefit once you are
                                                      Medicare-eligible. No payments will be made
What You Need to Know
                                                      retroactively.
When you retire, AT&T does not enroll you in
Medicare or provide information on Medicare            What You Need to Do:
programs. Upon your termination of employment,         3 Call the U.S. Social Security Administration
you should contact the U.S. Social Security                at 800-772-1213, contact your local
Administration directly to determine your                  Social Security office or go to its Web site
eligibility, enroll yourself and/or your dependents        at www.ssa.gov for information on the
in Medicare or to request information on the               status of your Social Security benefits.
program.
                                                        3 Visit www.medicare.gov or call
If you or your dependents are eligible for                 Medicare at 800-633-4227 for Medicare
Medicare upon your termination of employment               prescription drug information.
or become Medicare eligible after you leave AT&T
                                                        3 Enroll in Medicare Parts A and B, if eligible.
employment, Medicare generally becomes your
primary coverage and your company-provided              3 Contact the AT&T Benefits Center at
medical benefits will be affected. For details on          877-722-0020 to determine if you are
coordination of benefits under the terms of the            eligible for reimbursement on a portion of
AT&T medical plans refer to the Summary Plan               your or your dependents’ Medicare Part B
Description or Summary of Material Modifications.          premiums and/or to enroll once you are
                                                           Medicare-eligible.
Medical and MH/CD or MH/SA benefits payable
under the company-sponsored plan will be                3 If you are Medicare-eligible for reasons
reduced by the amounts payable by Medicare                 other than age, in addition to contacting
Parts A and B, whether you actually enroll in              the U.S. Social Security Administration to
them or not. However, unlike medical benefits,             enroll, you must contact the AT&T Benefits
prescription drug benefits under your plan will            Center.
not be reduced, unless you enroll in Medicare Part
D. (Refer to your medical plan SPD or SMMs for
details regarding Coordination of Benefits when
you become Medicare eligible.)
You may be eligible for reimbursement from
AT&T on a portion of your or your dependents’
Medicare Part B premium(s). You must actively

AT&T Retirement Checklist                                                                         Page 5
Additional Benefits


Your Flexible Spending Account                          What You Need to Do:
What You Need to Know                                   3 To continue participating in your health
If you participate in a flexible spending account           care FSA, call the AT&T Benefits Center
(FSA), your participation ends on your retirement           at 877-722-0020 before the deadline
date. However, you have until March 31 (or April            noted in your COBRA Enrollment Notice.
15 based on your FSA plan provisions) of the                Representatives can answer your questions
following year to submit eligible claims that you           and/or make changes to your coverage.
incurred while you were an active employee. Any
                                                         3 For information or for the status on your
remaining balance in your FSA is forfeited.
                                                            current flexible spending accounts, call
To avoid forfeiture of your health care FSA balance,        SHPS at 877-358-0302.
you can elect COBRA continuation coverage and
continue participating in the health care FSA up
to the end of the year in which you retire, but you    Your Long-Term Care Insurance
will have to continue your monthly contributions       WE NEED TO GET BACK TO YOU NEXT WEEK. I
on an after-tax basis. If COBRA is elected, you can    BELIEVE THAT THIS SECTION IS A PROBLEM
receive reimbursement of eligible claims that you
                                                       What You Need to Know
incur throughout the COBRA period. The COBRA
                                                       Coverage for you and your dependents in the
election must be made by the deadline provided
                                                       company-offered group long-term care insurance
in the COBRA Enrollment Notice, which you will
                                                       plan continues after your last day of employment.
receive in the mail from the AT&T Benefits Center.
                                                       To ensure coverage, you must continue paying the
The dependent care FSA is not eligible for COBRA       required premiums to the long-term care claims
continuation.                                          administrator.




AT&T Retirement Checklist                                                                        Page 6
Additional Benefits


                                                    Your Adoption Reimbursement
 What You Need to Do:
 3 Because contributions from payroll will          What You Need to Know
    cease when you retire, the long-term care       After your last day of employment, you will no
    claims administrator will automatically         longer be eligible for the adoption reimbursement
    arrange for direct billing with you. However,   program.
    you must make these arrangements before
                                                     What You Need to Do:
    you retire.
                                                     3 If you have questions about an adoption
 3 If you do change your mind and you don’t              reimbursement due to you before you
    want to pay your premiums or continue                retired, call the AT&T Benefits Center at
    your long-term care coverage, call:                  877-722-0020.
    •	 MetLife	at	800-438-6388 if you were
       working for legacy AT&T before
                                                    Your Stock Options
       Dec. 31, 2006.
                                                    What You Need to Know
    •	 John	Hancock	Life	Insurance	Company	
                                                    When you retire, the period in which you can
       at 800-247-3020 if you were not
                                                    exercise your stock options may be shortened.
       an employee of BellSouth or Cingular
                                                    This means that you may have a limited amount
       before the AT&T/BellSouth/Cingular
                                                    of time to exercise or cash in your options.
       merger.
    •	 John	Hancock	Life	Insurance	Company	          What You Need to Do:
       at 888-333-2495 if you are a legacy           3 Call the Stock Option Administration hot
       CIngular employee.                                line at 866-533-4390 or 210-351-3271
    •	 John	Hancock	Life	Insurance	Company	              for more information on whether your
       at 800-732-3220 if you are a legacy               stock options are affected by your
       BellSouth employee.                               retirement.




AT&T Retirement Checklist                                                                      Page 7
Additional Information


Receiving Your Last Paycheck                           Legacy SBC, BellSouth and AT&T retirees
                                                       who reside outside the 22-State Regional
What You Need to Know
                                                       AT&T Local Service Area or in areas where
AT&T will send your last paycheck to your home
                                                       local service is not provided by AT&T
address. If you use direct deposit and have
payments automatically deducted, you should            This population of retirees will continue under
be aware that your last paycheck will not be           their legacy concession policies.
deposited directly into your account. It will be
                                                        What You Need to Do:
mailed to your home address.
                                                        3 For information on these discount
                                                            programs, refer to the contact information
Your Employee                                               posted online. If you are accessing it
Concessions/Discounts                                       from work, go to HROneStop at
                                                            http://hronestop.att.com and go to
What You Need to Know
                                                            the Employee Discount page through the
Legacy SBC, BellSouth and AT&T retirees
                                                            HR Quick Reference section. If you are
who reside in the 13-State Regional
                                                            accessing the information from home, go
AT&T Local Service Area
                                                            to http://access.att.com and log in. Click
Management employees who retire and are                     on the Your Benefits section and then click
participating in the AT&T At Home telephone                 on Where to Go for More Info.
concession program and AT&T Yahoo! High Speed
Internet or AT&T Yahoo! Dial-Up will no longer
receive these services at no cost. Retirees will pay   Your Unused Vacation
$20 per month for AT&T At Home and discounted          What You Need to Know
employee rates for DSL and Dial-Up services.           In limited circumstances, you may be eligible to
Most legacy SBC management and bargained               receive payment for unused vacation and personal
employees will be eligible to participate in the       days. You should check your applicable paid-time-
AT&T At Home telephone concession program              off policy or collective bargaining agreement.
upon retirement while legacy AT&T and BellSouth
                                                        What You Need to Do:
management and bargained employees will
                                                        3 Check your applicable paid-time-off policy
continue to follow their legacy telephone
                                                            or collective bargaining agreement.
concession program guidelines.




AT&T Retirement Checklist                                                                         Page 8
Staying in Touch


Your Membership to the Pioneers                         Your Home Address Changes
What You Need to Know                                   What You Need to Know
As an AT&T employee or retiree, you are eligible        After you retire, AT&T will periodically send you
to join or to continue your membership with the         Benefits Updates so it’s important that we have
Pioneers, the world’s largest industry-related          your current home address, telephone number
volunteer organization. You will be a “Life Pioneer.”   and e-mail address (if applicable) on file.

 What You Need to Do:                                    What You Need to Do:
 3 Call your local Pioneers chapter. To look up          3 After you retire, whenever your address
     your local chapter’s telephone number or                changes, remember to call the Fidelity
     to get more information, visit the Pioneers             Service Center at 800-416-2363 to
     Web site at www.newattpioneers.org.                     update your address.
                                                          3 If you are a Legacy AT&T retiree, you must
                                                             also contact the AT&T Pension Service
                                                             Center at 800-736-7779 to update
                                                             your address.
                                                          3 If you are a legacy BellSouth employee, you
                                                             must also contact the AT&T Benefits Center
                                                             at 877-722-0020 to update your address.
                                                          3 In addition, if you have long-term care
                                                             insurance, you must update your address
                                                             with the John Hancock Life Insurance
                                                             Company. Call them at 800-247-3020.




AT&T Retirement Checklist                                                                          Page 9
Staying in Touch


AT&T Benefits Annual                                AT&T Beneficiary Designations
Enrollment Process                                  What You Need to Know
What You Need to Know                               As part of your retirement and estate planning,
Generally, benefits annual enrollment occurs        it’s important that you identify who will receive
in the fall. Before annual enrollment, the          the proceeds of your benefits programs in the
AT&T Benefits Center will mail you enrollment       event of your death. For example, you’ll want AT&T
materials or a Confirmation of Coverage             to know to whom to distribute any final unpaid
statement. These materials will include specific    compensation and benefits, life insurance payouts,
enrollment instructions and will communicate        and pension or savings amounts.
any applicable changes in your benefits options,
contributions or availability.                       What You Need to Do:
                                                     3 When you retire, make sure that you have
 What You Need to Do:                                    an updated AT&T Beneficiary Designation
 3 In the fall, watch for your annual                    Form on file with Fidelity. To receive a
     enrollment materials in the mail.**                 form, call the Fidelity Service Center at
 **If you prefer, you can enroll in eBenefits and        800-416-2363.
   receive this information via e-mail. Refer
   to the AT&T Retiree News section for more        In the Event of a Death
   information.
                                                    What You Need to Know
                                                    The Fidelity Service Center needs to be advised
                                                    of the death of a retiree and/or any eligible
                                                    dependents.
                                                    Note: Telephone concession will be removed
                                                    from the deceased retiree’s telephone account on
                                                    the sixth month from the date of death.

                                                     What You Need to Do:
                                                     3 Call the Fidelity Service Center at
                                                         800-416-2363.




AT&T Retirement Checklist                                                                    Page 10
Staying in Touch


AT&T Retiree News — Your Link to
AT&T News and Information
AT&T Retiree News is an e-mail program that will
keep you up to date on what’s happening with
the company. There are several subscriptions that
you can choose from, including Company News,
Legislative News, eBenefits, ERIC and more. Once
you retire, you’ll have the option to select which
e-mail subscriptions you want to receive.

Signing Up for AT&T Retiree News
Is Easy
1. Once you retire, go to http://access.att.com
    and click on the Retiree Registration link.
    Follow the instructions to set up your user
    name (which will be your e-mail address)
    and password.
2. Once you are logged in, click on AT&T
    Retiree News.
3. On the AT&T Retiree News Subscription
    page, select which e-mail subscriptions
    you’re interested in receiving, enter your
    e-mail address(es) and click Submit.
    Once you’ve signed up, you’ll receive a
    confirmation e-mail that indicates which
    subscriptions you’ve selected.
Note: You will not be able to sign up for AT&T
Retiree News until you retire and it may take up to
30 days from the date of your retirement for the
system to recognize you as a retired employee.




AT&T Retirement Checklist                             Page 11
Use this notes page to jot down questions about your retirement benefits, to document any issues and
resolutions or to make a note of updated benefits Web sites and telephone numbers.

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AT&T Retirement Checklist                                                                    Page 12
Key Telephone Numbers and Web Sites
Resource                                   Web                                 Telephone
Access.att.com (Your Benefits section)     •	http://access.att.com             N/A
This secure AT&T Internet Web site           F
                                           •		 ollow	the	login	instructions.
for employees and retirees lets you          G
                                           •		 o	to	the	Your	Benefits	section	
securely access company and benefits         of the Web site.
information, such as the latest AT&T
news, stock prices and benefits
information related to your health, your
finances and your home and work life..
AT&T Benefits Center                         h
                                           •		 ttp://resources.hewitt.       877-722-0020
For questions and general information        com/att                         +1-847-883-0866
about eligibility and enrollment for         E
                                           •		 nter	your	AT&T	Benefits	        (international)
health and welfare benefits. (Legacy         Center user ID and password.    Monday through Friday
BellSouth employees: For questions and                                       from 7 a.m. to 7 p.m.
information about pension plans.)                                            Central time
AT&T Pension Service Center (PSC)          •	https://www.attpsc.com          800-736-7779
(Legacy AT&T employees only)                                                 +1-847-806-1101
For questions and information about                                            (international)
pension plans..
Fidelity Service Center                    http://netbenefits.fidelity.com   800-416-2363
For questions and information about        •		 nter	your	SSN/customer	ID	
                                             E                               888-343-0860
pension plans (Legacy SBC and Legacy         and PIN.                         (hearing-impaired)
Cingular employees only), savings plans,
beneficiary designation forms, and to                                        Monday through Friday
report a death.                                                              from 7:30 a.m. to 11 p.m.
                                                                             Central time
Medicare                                   www.ssa.gov                       800-772-1213
•	Social	Security	Administration           www.medicare.gov                  800-633-4227
•	Medicare	prescription	drug	coverage
MetLife                                    N/A                               800-438-6388
For answers and information about
long-term care insurance.

Note: For employees who were working
for legacy AT&T before Dec. 31, 2006.




AT&T Retirement Checklist                                                                    Page 13
Resource                                Web                                 Telephone
Employee Concessions and                http://hronestop.att.com            Legacy SBC, AT&T and
Preferred Customer Discounts            (from work)                         BellSouth Retirees
For questions and general information     G
                                        •		 o	to	the	Employee	Discounts	    If telephone service is
about employee concessions and            page through the HR Quick         provided by a 22 state
discount offerings.                       Reference section.                regional AT&T local
                                                                            service provider, call the
                                        http://access.att.com               AT&T Customer Service
                                        (from home)                         number on your telephone
                                        •	Follow	the	login	instructions.    bill for assistance with
                                          	
                                          G
                                        •		 o	to	the	Your	Benefits	section	 your telephone, wireless,
                                          of the Web site, and then click internet and home
                                          on Where to Go for More Info.     entertainment services.

                                                                           Legacy AT&T and
                                                                           BellSouth Retirees –
                                                                           Outside of 22 states
                                                                           If telephone service is
                                                                           provided by another
                                                                           telephone company, call
                                                                           Wells Fargo TPA Customer
                                                                           Service.

                                                                           AT&T Retirees:
                                                                           888-251-0645

                                                                           BellSouth Retirees:
                                                                           866-444-5207

                                                                           Cingular Wireless
                                                                           Retirees
                                                                           Cingular Wireless retirees
                                                                           who were participating
                                                                           in the Cingular Wireless
                                                                           Employee Rate Plan
                                                                           should call the Wireless
                                                                           Customer Service number
                                                                           on your wireless bill for
                                                                           assistance.




AT&T Retirement Checklist                                                                   Page 14
Resource                                     Web                                  Telephone
John Hancock Life                            Legacy SBC and AT&T                  Legacy SBC and AT&T
Insurance Company                            http://att.jhancock.com              800-247-3020
For answers and information about            •	Username:	T
long-term care insurance.                    •	Password:	mybenefit                Legacy BellSouth
                                                                                  800-732-3220
Note: if you were working for legacy         Legacy BellSouth
AT&T before Dec. 31, 2006, you should        http://bellsouth.jhancock.com        Legacy Cingular
contact MetLife listed below.                •	Username:	bellsouth                888-333-2495
                                             •	Password:	mybenefit
                                                                                  Everyone
                                             Legacy Cingular                      +1-617-572-0048
                                             http://cingular.jhancock.com          (international)
                                             •	Username:	cingular                 800-255-1808
                                             •	Password:	mybenefit                 (hearing-impaired)
Stock Options                                N/A                                  866-533-4390
For answers and general information
about your stock options.
SHPS                                         www.shps.net/myshps                  877-358-0302
For answers and general information                                               +1-502-267-3399
about flexible spending accounts.                                                   (international)
                                                                                  800-952-0450
                                                                                   (hearing-impaired)
                                                                                  866-643-2219 (fax)




IMPORTANT
This document was written for easy readability. Therefore, it may contain generalizations and informal
language, such as “AT&T retirees,” rather than precise legal terms. Also, this document only summarizes
benefits, and individual situations may vary. For full details, including eligibility, you should consult the
summary plan descriptions, summary of material modifications or the official plan documents. In all
cases, the official plan documents govern and are the final authority on the terms of the plans. The AT&T
companies reserve the right to terminate or amend any and all benefits plans, subject to bargaining
agreements. Benefits described in this document may be subject to collective bargaining.

AT&T Retirement Checklist                                                                           Page 15

				
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