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Donald R. Kaufmann

Born and raised in Philadelphia, Don Kaufmann is a board member of the nonprofit Association of BellTel Retirees. An engineer and division manager for AT&T, he spent a combined 30 years with the company that eventually became Verizon after antitrust regulators broke up the Bell System in 1984. Verizon spun off his pension and those of 41,000 of his fellow retirees in 2012.

American flags hanging from the U.S. stock exchange and the Wall St. street sign. Next Avenue, pension stripping, de-risking

Pension Stripping Threatens America’s Retirees

By shifting pension obligations to insurers, companies bear less financial risk — but their former workers bear more
February 5, 2024
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