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As s o c i a t i o n o f R a yt h e o n R e t i r e e s , I n c .
ONE ASSOCIATION-ONE TEAM
Vol.13, Issue 2
October 2013
INSIDE THIS ISSUE:
First Words—Bob Hamilton
First Words
1
Long Term Custodial Care
2
Raytheon Reorganizes
11
Your Raytheon Pension
13
Raytheon Financials
14
Massive Open Online Courses
15
Senior Discounts
16
Make A Difference-Volunteer
17
Just So You Know
18
Member Application
19
Long Term Custodial Care for the Elderly is offered by Medicaid (MassHealth), if you are eligible. We have included a detailed article to shed some clarity on this subject and some guidelines on how to prepare for this possibility. We often receive phone calls from members on pensionrelated matters. One of our directors tells us who you’ll need to contact and the information you’ll need to provide in order to challenge the company’s pension calculation.
As we enter the fall season, we are reminded of the start of the school year. Within you will find two articles related to education: the first, on self education, identifies online courses available from various educational institutions, and the second provides information and advice on volunteer opportunities at your local schools. Two articles relating to Raytheon Co. business are also included. The first summarizes the Second Quarter 2013 Financial Highlights, and the second describes the recent company reorganization. On a final note, this will be my last column of “First Words.” I have transferred the duties and responsibilities of ARR President to my two fellow directors, John Rudy and Mel Weinzimer. I will continue to serve on the board helping to direct its future and will continue to be a contributor to this newsletter. It has been a pleasure serving as your President these past seven years. This edition was printed by the students of Northeast Metro Tech, Graphic Communications, Wakefield, MA 01880. We hope you like it.
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Long Term Custodial Care Save the House from the Nursing Home by Joseph DeAmbrose The refrain heard on the radio is a solicitation to discover how to avoid payment to a nursing home. The radio announcement doesn’t mention an unpleasant fact. In order to owe the nursing home you or a close dependent will have to be in it. If you are in it, you are likely to be out of it. You will have a bed and be fed and have someone to clean up after you, more or less depending on how far out you are—that is what the nursing home does—something that no one else may be able or willing to do. Stiffing the nursing home on the bill seems a little much all things considered. But the nursing home is unlikely to get stiffed for providing you custodial care when and if that need arises. If you cannot pay, the government will. The intended message is that you might be able to keep your house and have the government pay the nursing home, a true statement to a point. This article will provide an overview of some basic principles governing the determination of your ability to pay, focusing on your house as a major asset in that determination. If planning for nursing home care is of interest or concern, seek out competent advice and please do not take any action or refrain from action based on anything contained below unless confirmed by an independent advisor and based on your particular facts. The “government” is a sort of joint venture between each state and the feds. The program that pays for custodial (not medical) care in nursing homes is Medicaid which provides medical care for the poor of all ages and long term custodial care (LTC) for the elderly poor. The feds set the basic LTC eligibility and benefit guidelines and the states have some discretion in modifying the guidelines. The states administer the program. In Massachusetts, the responsible agency is called MassHealth in the Division of Medical Assistance. The feds and Massachusetts split the cost of Medicaid about 50-50. Medicaid is different from the Medicare program you are familiar with which provides medical care for the elderly (sometimes in a nursing home). Massachusetts and MassHealth will provide the template for this overview. The rules in other states may be different but should be generally similar.
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A good starting point in understanding eligibility for Medicaid (MassHealth LTC) is to know that you have to apply to MassHealth for approval. If you are the one in need, a representative is probably going to have to complete the application for you. The application is called the Senior Member Benefit Request. If you really want to get into the detail, go to MassHealth online and get a copy of the application and a booklet explaining the program. Your eligibility for Medicaid LTC depends on your income and your assets. Your income will be applied to the cost of the nursing home so if you have enough income to cover the full cost, MassHealth will not pay anything. If your income is less than the full cost, MassHealth may pay the difference but only if your assets are less than $2,000. The cost these days can exceed $12,000 a month. These are the basic eligibility principles and there are many variations and exceptions but this is the basic picture. On the income side, a Raytheon retiree will likely have pension and social security income. Pension payments might be counted as an asset if the right to the periodic payments can be converted to immediate cash—for example if a lump-sum distribution is available from the pension plan. Lump-sums cash-outs are not available under most Raytheon pension plans, so your pension would probably only be counted as income and not as an asset. Fixed pension and social security income will have to be paid to the nursing home after deducting some allowances, generally for personal needs, that you are allowed to keep. There could be other types of income arising from assets such as bank accounts, stocks, mutual funds, real estate, etc. that you own or have access to. Income from these assets should not be an issue because MassHealth simply will not contribute anything to the cost of LTC until the “principal” of the combined assets is reduced to $2,000. Common assets owned by Raytheon retirees are individual retirement accounts (IRAs) holding funds rolled over from the Raytheon Savings and Investment Plan or otherwise accumulated. IRA assets are “counted” along with all other assets by MassHealth. Unlike fixed pension payments, IRA assets are almost always accessible by the owner and are so treated. Certain types of assets are not counted against the $2,000 threshold, among which are business property, personal effects, a small burial insurance policy, an automobile and, the main subject for discussion, your personal residence.
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If you reach a point where you require LTC and your income is insufficient to cover the cost and your countable assets exceed $2,000, the practical consequence is that you would have to liquidate assets to pay the nursing home until your countable assets reach $2,000, at which point you can apply to MassHealth. At that moment of clarity there is an opportunity to arrange matters to reach the $2,000 level more quickly, primarily by converting countable assets like cash and investments into non-countable assets, e.g., pay down a home mortgage or buy a new automobile. There are other strategies that have been tried with the same general goal; some have worked, others have not. This is the time to get competent advice. The radio message should be coming into focus now. The idea is to consume or transfer assets, even well before the day of reckoning, in order to be able to successfully apply to MassHealth for LTC when the day of reckoning arrives. Selling assets will not work if one asset just becomes another asset like cash. Outright gifts of property to family members—relying on their love and affection to use the property for your benefit if needed—a non-binding and invisible string if you will, could be the answer. If you are willing to surrender control, and accept the potential for wayward children or their spouses, unanticipated financial calamities, and other unknowns, it might work out. However, the government has set up defenses to such transfers, the most notable of which is the disqualifying transfer rule which counts the value of transfers of property without full value payment (gifts) made within the 60 month period prior to applying for MassHealth LTC (the “look-back period”). A transfer in the look-back period causes a period of disqualification for benefits calculated by dividing the value of the transfer by the current monthly cost of nursing home care, e.g., purely for illustration, a $270,000 disqualifying transfer when the monthly rate is $10,000 would cause a disqualification period of about 27 months. It is reasonably clear that giving away just about all of your property and not requiring nursing home care for 60 months can work under current rules but LTC is a significant component of Medicaid costs and Medicaid costs are huge. The rules have changed in the past increasing the look-back period among other things, and it would not be surprising if there is a further tightening of the rules in the future. Here, the narrow focus is on the current MassHealth rules related to one asset, your personal residence. The operating assumptions
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are that you are unmarried with grown children and your residence is the only asset standing between you and the $2,000 eligibility threshold. The unmarried assumption makes the discussion of the basic rules simpler. A scenario with a married couple will be addressed further on. In this situation, you could be eligible for MassHealth LTC benefits if you enter a nursing home as your home is not counted as an asset to the extent the value is less than $802,000 and you intend to return to it. It is also not counted, regardless of value, if occupied by a spouse or certain other minor or disabled dependents. Under current MassHealth practice, your intent to return is simply made by a representation to that effect made on your application. So, ownership of your residence should not affect your eligibility for LTC benefits. However, there are other rules that might make you think about transferring ownership of the residence. MassHealth can recover benefits paid to you to the extent of your ownership of the residence if the residence is sold prior to your death or if it is included in your probate estate after your death. A residence of which you are the sole owner will be part of your probate estate upon your death, passing to your survivors either under a Will or, in the absence of a Will, by intestate succession—in either case, it will be necessary for your heirs to submit your estate to the Probate Court and the Probate Court will require the estate representative to notify MassHealth. If you have received MassHealth benefits, your estate will be liable to repay the benefits from the estate assets—the residence. On the other hand, if the property passes to your survivors by law as a result of how the residence is “titled,” it is not part of your probate estate subject to MassHealth recovery. For example, if all you own is a life estate in the residence, or the property is owned jointly passing to the survivor on death, or the property is held in trust, it would pass outside of your probate estate to the remainderman (in the case of a life estate), the joint tenant (in the case of a survivor deed), or by the terms of the trust, without any Probate Court oversight. Therefore, there may be reason to adopt a residence ownership style that will keep it out of the Probate Court and, to that extent, preserve something for your children. The main point of this article has been reached; ownership of a personal residence (value less than $802,000) will not prevent you from obtaining LTC benefits but MassHealth may recover those
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benefits from the value of that residence in your probate estate when you die. That is a deal you may find acceptable. Is it possible to change the ownership of your residence to avoid having it included in your probate estate without affecting eligibility for LTC benefits? The answer is--- only if you beat the look-back period. To illustrate, suppose you transfer your personal residence to your children retaining a life estate which is a common residence ownership arrangement in succession planning without regard to LTC eligibility. The property passes outside of your probate estate. Property in which you retain a life estate is also included in your taxable estate which means the “basis� of the property in your children’s hands is its fair market value (a stepped-up basis) which means they can sell it after your death with little or no income tax. If the property had been given outright to the children it would still be in the taxable estate but with a basis equal to your investment in the residence and probably a greater income tax. So, setting up ownership of your residence with a retained life estate can have beneficial consequences in an overall estate plan without regard to MassHealth consequences. There could be negatives in addition to loss of full control. If there is a change in plans and a desire to sell the property during your lifetime, say to downsize, the children are part owners and have to cooperate and are entitled to part of the sales proceeds. Even if they agree to participate in the sale and surrender the proceeds, the sale will likely result in taxable income to them and the general income tax exclusion on the sale of a principal residence will have been compromised. As for MassHealth, a transfer of your residence to your children with a retained life estate will have LTC eligibility consequences. If the transfer is outside of the look-back period, the remainder interest in the residence that was transferred to children is just no longer your asset and your life estate is considered to have no value. You should be eligible for MassHealth LTC benefits. If the transfer is within the look-back period, it will cause a period of disqualification for MassHealth LTC benefits based on the value of the transfer divided by the monthly nursing home cost rate as explained above. The value of the transfer is the full value of the property less the value of your life estate. Note that the disqualifying period can be reduced or eliminated if the
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disqualifying transfer is “cured,” i.e., the transfer is reversed and ownership is restored to you. In such a case the residence will become non-countable but could ultimately become part of your probate estate available for MassHealth recovery—pick your poison. Finally, even if you do not change ownership to a retained life estate or other ownership, and the property is includible in your probate estate, MassHealth will not seek recovery from your estate if you have a long-term care insurance policy in place that meets certain minimum coverage requirements. If you are married, a transfer to your children with a retained life estate for the joint lives of you and your spouse may be beneficial for succession planning purposes as described above aside from beating the MassHealth look-back period. First, a quick overview of MassHealth LTC principles for couples. Most commonly, there will be an “institutionalized” spouse and a noninstitutionalized “community” spouse in MassHealth jargon subject to spousal rules as to income and assets. One rule is that the assets of both spouses are counted (if otherwise countable) in determining the eligibility of either spouse. After counting all assets, a relatively small amount (about $110,000) is allocated to the community spouse and is non-countable. So the $2,000 threshold for the in -spouse effectively becomes about $112,000. On the other hand, spousal incomes are not combined--the community spouse gets to keep all of her income not tied to a countable asset so fixed pension or social security income of the community spouse is not applied to the nursing home cost of the in-spouse. Further, some part of the in-spouse’s income can be given to the community spouse (and not the nursing home) if the income of the latter is below certain thresholds. Finally, asset transfers between spouses are not taken into account for disqualification purposes. The basic principles governing the treatment of a personal residence for MassHealth eligibility purposes where one spouse is institutionalized are: The personal residence is non-countable if it is the residence of either spouse. A transfer by the in-spouse to the community spouse (or vice versa) is not a disqualifying transfer.
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If the residence were owned solely by the in-spouse, and a probate asset as a consequence, MassHealth will defer recovery of benefits while the community spouse is alive and may waive recovery altogether if the spouse has a limited amount of income. If, as is commonly the situation, the residence is owned jointly, it will pass to the survivor automatically and not be part of the probate estate of the in-spouse and, if the survivor is the community spouse, there will be no MassHealth recovery for in-spouse benefits. Even given these spousal protections, the concern would be that at some time the residence is owned solely by the community spouse and is a potential probate estate asset subject to MassHealth recovery if that spouse ever receives LTC benefits. A transfer of a jointly owned residence to children with a retained life estate for both spouses will have the same basic results for each spouse as for the unmarried individual described above. If the transfer is outside the look-back period, it will not be part of an eligibility calculation. If it is disqualifying because it’s within the look-back period, it will cause a disqualifying period for each spouse. Cures and LTC insurance are mitigating options. So, full ownership of your personal residence will not cause ineligibility for MassHealth LTC but the benefits may have to be repaid when you die. It may be possible to make a timely transfer of less than full ownership, e.g., a remainder interest, without compromising too greatly your use and control of the property, without jeopardizing eligibility for MassHealth LTC, and, without exposure to MassHealth recovery of benefits paid to you. Even if an untimely change in ownership causes a disqualifying period of eligibility, you may be able to cure it, and even if full ownership of the residence is retained, LTC insurance (if available and at a cost) may keep MassHealth away from your probate assets and save them for your children. There may be other forms of ownership or other arrangements that will save your house from the nursing home—and from the government. Hopefully, you are now better prepared for a discussion with an advisor to guide you in evaluating your circumstances, exploring all options, and in making some very difficult decisions, including a very basic one—paying for care or preserving assets for children.
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Notes Save the House from the Nursing Home
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Raytheon Reorganizes Into Four Businesses by Mel Weinzimer As many of you know, our company has been structured for quite a while into six business units: • • • • • •
Integrated Defense Systems (aka Missile Systems Division) Intelligence, Information and Services Network Centric Systems (aka C3I) Space and Airborne Systems Missile Systems Raytheon Technical Services Company
On March 25, 2013, Raytheon announced that it is consolidating its business to streamline operations, increase productivity and achieve stronger alignment with its customers' priorities. The new Company structure consists of four businesses: • • • •
Intelligence, Information and Services (resulting from the combination of the Intelligence and Information Systems and Raytheon Technical Services businesses) Integrated Defense Systems Missile Systems Space and Airborne Systems businesses
Network Centric Systems will be segmented and absorbed into the above business units. This new structure became effective April 1, 2013. "Our new structure will help us enhance productivity, agility and affordability in a challenging defense and aerospace market environment," said William H. Swanson, Raytheon's Chairman and Chief Executive Officer. "We will remain focused on success for our global customers while returning value to our shareholders." Along with the restructure, the following management changes were implemented as well: Daniel J. Crowley (formerly President of NCS Business Unit) has been named president, Raytheon Integrated Defense Systems (IDS), succeeding Dr. Thomas Kennedy. Raytheon's Board of Directors has elected Dr. Thomas A. Kennedy to
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the new position of executive vice president, chief operating officer. Kennedy previously served as vice president, Raytheon Company, and president of Integrated Defense Systems. Lynn A. Dugle has been named president of the newly-formed Raytheon Intelligence, Information and Services (IIS) business. John D. Harris II, formerly president of Raytheon Technical Services Company LLC (RTSC), has been named vice president and general manager of the new business, reporting to Dugle. Dr. Taylor W. Lawrence continues to lead Raytheon's Missile Systems (RMS) business based in Tucson, Ariz. The expanded business will now include Combat & Sensing Systems, along with Raytheon UK. The combined business had annual external sales of approximately $6.5 billion in 2012. Richard R. Yuse continues to lead Raytheon's Space and Airborne Systems (SAS) business based in El Segundo, Calif. The expanded business, with 2012 annual external sales of approximately $6 billion, will now include Integrated Communication Systems and Advanced Programs. Financial Impact The consolidation is not expected to have any impact on the company's 2013 financial guidance. The company anticipates a reduction in workforce of approximately 200 employees related to this effort and annualized cost savings of approximately $85 million. For the company’s official announcement, go to Raytheon.com, select Investor Relations, news and select the 03/25/13 Press Release.
Reminder . . . It is almost time to renew your prescription selections for Part D Medicare. So beware—It starts October 15.
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Your Raytheon Pension by Evans Cheeseman For many years, one of the most important goals of Raytheon’s pension department has been to make sure that every former Raytheon employee receives the amount specified for that person from the pension plans Raytheon sponsors. Another of those goals has been that each pension plan member understands that his or her pension is correct. This article addresses what you should do if you have reason to believe your pension is different from the amount promised in your Raytheon-sponsored pension plan. Any pension plan is a set of promises to both the plan members and to the company sponsoring (and paying for) the plan. The promises to you consist of a definition of the pension the plan will pay you. The promise to the plan sponsor is the explicit understanding that the plan’s definition is complete—and that the company is not required to fund any additional pension payments from that plan. If you do not believe you are receiving the correct pension from the pension plans that Raytheon sponsors, you should first formulate (as much as possible) your reason for thinking that pension should be different. Then, please contact the Raytheon Benefit Center (the RBC) at 800358-1231 to state your claim. In order to review your pension, the RBC will need to be able to identify your record, so they may ask for the following: • • • • •
Your name, and, if it was different, your name when you last worked for Raytheon. Your birth date. Your home address when you last worked for Raytheon. The dates when you worked for Raytheon (as closely as you can recall them), and the place or places where you worked for Raytheon. The type of work you did for Raytheon, and whether you were paid on an hourly (in which case you may have joined a union during part of your Raytheon employment) or salaried basis. Different unions negotiate for different pension plan provisions, so if you were a union member, the RBC will need to know which union it was.
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Your clock number (payroll number) as a Raytheon employee there may be more than one of them. If you don’t recall your clock number, just say so. Your Social Security Number. Additional information, as needed.
For security reasons, you should not give your Social Security Number during a call that you did not make. If someone calls you back to request that information, tell that person you will call the RBC to provide it - then do so (800-358-1231).
Raytheon Financial Highlights—Second Quarter 2013 by Allen Swenson The Raytheon Company reported sales for the second quarter of $6.1 billion which is up 2% from the second quarter of 2012. Also adjusted earnings per share were up 4% to $1.64 compared to last year. The bookings for the second quarter were $5.3 billion which is down from last year and the year to date is down by $2.4 billion resulting in a reduced back log of $1.8 billion compared to last year. Cash flow was down by $41 billion but improved from last year’s second quarter, which the company attributed to the timing of required pension contributions. The company also repurchased $3.4 million shares of stock for $225 million as part of its previously announced repurchase program. The quarterly dividend of $.55 per share was also approved by the board. The financial outlook for 2013 has improved in adjusted earnings per share to $6.00-$6.10 which the previous guidance was from $5.75$5.90 for the year. Details regarding the amount of Pension contributions was not specified in their report.
Financial Notes Available on Raytheon's website is data on Raytheon quarterly results, dividend information, and their guidance on the year’s sales and earnings. Additionally, the annual reports are on the website and include extensive information on the income statement and balance sheet. It also shows the status of the pension fund. Most of the info is listed under investor relations. ——Allen Swenson
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Massive Open Online Courses (MOOCs) by John Rudy The world changed in 2012 when Stanford University took a very difficult course on Artificial Intelligence, restructured it to take advantage of Internet Technology, and made it available FREE to anyone who chose to sign up for it. There were no prerequisites, an optional text book, multiple quizzes within each lecture, and no papers or mandated tests. It lasted 10 weeks with two lectures/week, which you could take at any time within about a 15-week window. To everyone’s surprise over 130,000 signed up for it, though there has been no report on the number who completed the course. I was one of the 130,000. This was proof that if you build it they will come. There are now three major consortiums (edX, Coursera and Udacity) which between them have many hundreds of courses that can result in certificates. One university, Georgia Tech, has now announced that they will provide a Computer Science degree completely through MOOCs, though they charge in order to provide hands-on interaction with professors. I have now taken 3 MOOCs and have been impressed, particularly with the Biology/Genetics course from edX (MIT). Visit the following three sites and marvel at what is now available. https://www.coursera.org https://www.edx.org https://www.udacity.com/courses To no one’s surprise the difficulty of the classes vary. MIT and Stanford courses are very rigorous, others are less so. But since they are free there is no downside to sign up for anything that interests you and drop what is too hard or doesn’t address the topic in a manner you find appealing. Over the next few years expect to see the schools provide the opportunity to identify others taking the course you are taking so that you can physically get together to share your thoughts or problems, or do it over the Net. You will also begin to see the brick-and-mortar colleges change the way they operate.
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Senior Discounts Available to You by Mel Weinzimer As a senior you are eligible for discounts for a wide variety of products and services like airlines, car rentals, travel, recreation, local transportation, shopping, restaurants, hotels, state and national parks, medical services, pharmacies, museums and more. Here's a brief rundown of some of the different types of discounts you can expect to find. Restaurants: Free or discounted soft drink or coffee at McDonalds, Burger King, Wendy's, Applebee’s, Arby’s, Chili’s, Friendly’s, IHOP, Shoney's, Hardee's, Denny's restaurants. Discounts off your total order are sometimes offered as well. Discounts at selected Dunkin Donuts. Hotels - discounted rooms at Sheraton, Hilton, Marriott and Wyndham hotels, Choice hotels, Doubletree, Hampton, Hyatt Entertainment - discounted tickets at most movie chains and theaters, museums, zoos and aquariums Travel - discounted rates at Hertz, Avis, Alamo, Budget, Enterprise and National Rental Agencies, Southwest Airlines, Amtrak, Greyhound. Also discounted or free passes to Federal and State Parks: $10 for America the Beautiful Lifetime Pass to National Parks, national wildlife refuges and recreation centers Free lifetime pass to Massachusetts State Parks and Beaches New York City subways offer seniors a discount but you have to show your Medicare card. Retailers - Banana Republic, Kohl's, Bealls, Ross, Michaels, and Supercuts. Bedford, MA Moison Hardware (Ace) gives 10% discount to seniors on Tuesdays. Search Online The Internet is one of your best resources. Here are some links that offer a more complete list of discounts available: http://discounts.AARP.org (AARP) http://money.usnews.com/money/retirement/slideshows/10-great-senior -discounts http://www.giftcardgranny.com/blog/senior-discounts http://www.bradsdeals.com/blog/senior-discounts/ Sciddy.com
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Make a Difference Donate Your Time and Your Talent - Be A School Volunteer by Mel Weinzimer The 2013 -2014 school year has begun and it’s time to consider becoming a school volunteer. You can make a lasting impact on a child, and perhaps set them on a journey towards a STEM (Science, Technology, Engineering and Math) career. You can volunteer at elementary, middle and high schools in your community. The Retired School Volunteer Association (RSVA), an association of retired Raytheon employees affiliated with Raytheon, can assist you with training and with placement in your local schools. RSVA members volunteer in the Greater Boston area. They aid teachers with classroom instruction, help with labs and demos, tutor, mentor after school science and math clubs, participate in curriculum development, and work on various committees in the education community. RSVA members have made an impact. Last year they accumulated over 900 volunteer hours impacting 1100 students. Training is available through Northeastern University’s RESEED (Retirees Enhancing Science & Engineering through Experiments & Demonstrations) program (http://www.bostonreseedcenter.org). Volunteering is easy. Contact RSVA President Marty Schecter (m_schecter@verizon.net) and he will connect you with an area captain that can coordinate placement in your community. Alternately, you can contact your local school directly to explore volunteer opportunities. To find our more about the RSVA, consider attending its upcoming annual meeting. The Retired School Volunteer Association (RSVA) will be holding its annual meeting on Wednesday, October 9, 2013. The meeting is scheduled from 1:00 – 4:00 pm followed by a social hour and refreshments from 4:00 – 5:00 pm. The meeting will be held at Raytheon Global Headquarters, 870 Winter Street, Waltham, MA. This year the keynote speaker will be Dan Sullivan, Program Implementation Coordinator for the RESEED Program. Other speakers include Mike Del Checcolo, Vice President of Engineering for Raytheon’s Integrated Defense Systems Business and Mindy Reidy, teacher at Andover High School.
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Directors John Rudy, Co-President jjrudy1@comcast.net
Mel Weinzimer, Co-President melweinzimer@yahoo.com
Joe DeAmbrose, Clerk deambjl@verizon.net
Al Swenson, Treasurer amswen@comcast.net
Evans Cheeseman, Bill Burditt, Production Mgr. Asst .Treasurer wburditt@comcast.net evans.cheeseman@gmail.com Bob Hamilton, Editor bobnanne@comcast.net
We are on the Web raytheonretirees.org
Jack O’Halloran, Member Relations jackoh14@gmail.com
Association of Raytheon Retirees, Inc. 336 Baker Avenue, Concord, MA Phone: 978 369 8410 E-mail: raytheonretirees@verizon.net
Š 2013 by ARR. This publication is designed to provide authoritative information regarding the subject matter covered. The Association of Raytheon Retirees (ARR) is not engaged in rendering legal, accounting, tax, or other professional services. If expert assistance is needed the reader is advised to engage the services of a competent professional. Consult with a tax or other professional advisor before making any decisions regarding personal finances.
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Mail–In Membership Application Last Name:
First Name:
Street 1:
Street 2:
City:
State:
Email: Date of Retirement:
Age at Retirement:
Work Location:
State:
Name of Spouse:
Home Phone:
Comments:
Please send completed form and contribution ($15 Annual Dues) to: Association of Raytheon Retirees, Inc. 336 Baker Ave. Concord, MA 01742 Or You can register online at www.raytheonretirees.org Or Email us at raytheonretirees@verizon.net
Zip:
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