New Pension Services provider announced by Nokia

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New Pension Services provider announced by Nokia

Joined: 20 Apr 2017, 15:57

20 Apr 2017, 16:12 #1

The URL to the Nokia Pension Benefits site has the following message.

Announcement Regarding Aon Hewitt
Distributed to former employees who are Participants in one or more of the following: Nokia pension1, savings/401(k), and/or health and welfare benefit plans.
As you know, Aon Hewitt provides record keeping and other services for Nokia’s pension1, savings/401(k), and health and welfare benefit plans. Last month, Aon plc, Aon Hewitt’s parent company, announced that it had reached an agreement to sell its human resources outsourcing business, which includes the businesses that service your Nokia benefit plans, to Blackstone, one of the world’s leading investment firms. The sale is expected to close sometime before the end of June 2017.
Nokia’s Benefits Operations team has met with Aon Hewitt regarding the sale. We do not expect the sale to have any impact on or disruption to the services that Aon Hewitt provides to the Nokia plans. Aon Hewitt has indicated that it is committed to a smooth transition of the business and that it will continue to make its clients its top priority. Nonetheless, we will continue to monitor the transition of the business to the new owners. (Note: Participants in the Nokia Savings/401(k) Plan who utilize the Online Advice service or the Professional Management Program should expect to receive a separate communication from Aon Hewitt regarding their rights with respect to this transition.)
As a reminder, Aon Hewitt does not manage the Pension or Savings/401(k) Plan’s investment funds. The investment funds will continue to be managed independently by professional investment managers hired and overseen by Nokia.
1 Not including the Nokia Solutions and Networks Pension Plan.
Both before and after the sale, questions regarding your Nokia benefits2 can be
directed to the Nokia Benefits Resource Center as follows:
Nokia Benefits Resource Center, from 9:00 a.m. to 5:00
p.m., Eastern Time, Monday through Friday. Call 1-888-232-4111 (outside the
United States, call 1-212-444-0994 collect on business days from 9:00 a.m. to
5:00 p.m., Eastern Time, to speak with a representative).
As a reminder: It is your responsibility to keep your address and contact information
on record with Nokia’s benefit plans up-to-date. Please contact the Nokia Benefits
Resource Center to make any updates.
2 The Nokia Benefits Resource Center does not currently provide services with respect to the
Nokia Solutions and Networks Pension Plan. For more information about that plan, you may
contact NSN Retirement Benefits Center at 1-866-726-6646.

Sorry about not being able to post a real live URL in this posting,
but the designers of this message board feature are clearly paranoid.
They think that doing this will prevent SPAM.
OMG, what kind of IT professionals are we using?
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lucentretirees
Site Admin
Joined: 27 Dec 2006, 23:00

22 Apr 2017, 17:44 #2

Nokia has posted this on the Your Benefits Resources site.
A password is needed to gain access. The posting has been copied to this link.
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Joined: 09 Jun 2008, 21:40

12 Jan 2018, 02:29 #3

What about the new income tax withholding tables for 2018?  Are we as individuals have to take any action or will our current withholding be continued?
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lucentretirees
Site Admin
Joined: 27 Dec 2006, 23:00

12 Jan 2018, 12:48 #4

mendomann wrote: What about the new income tax withholding tables for 2018?  Are we as individuals have to take any action or will our current withholding be continued?
The IRS replaced new tax tables today, January 12, so one would expect an update soon. Read:
News release 
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