Bruce Stephen R

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Mon - Fri:	9:00 am - 5:00 pm

Traffic Violations
To give an example, Dollie Dobbins is a member of the class certified by Judge Politan who resides in Maryland. Under a voluntary retirement incentive plan ("VRIP") which resulted in the separation of over 15,000 AT&T management employees, AT&T retired Ms. Dobbins in mid-1998. Using the 6% per year reduction, AT&T subjected Ms. Dobbins' "protected" age 55 benefits of $2,574 per month to a discount of 40.5% based on the age when she was "retired" of age 48 and 3 months. Exh. 2. However, before AT&T's amendment to the early retirement rules, Ms. Dobbins would been eligible with only one more month of employment to commence benefits at age 55 with no reduction, or to commence benefits before age 55 with the less steep 3% per year reduction. Thus, in exchange for speeding up her retirement eligibility by one month, AT&T's plan amendment discounted the value of her protected early retirement benefits by twice as much than if the 3% reduction had been applied. This reduced the value of her "protected" benefit by more than $85,000.

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