Purpose: To Improve The Conditions Of Raytheon Retirees
Goal: To Speak For All Raytheon Retirees
The Association of Raytheon Retirees was founded in 2001
with the principal purpose of improving the experience of retirees. The
Association accomplishes this purpose by monitoring the retirement benefits such
as pension, savings, health and life insurance provided to retired individuals.
These retired persons have earned an entitlement to these benefits as the result
of lengthy service as employees of Raytheon Company or its affiliates.
The Association tracks the various benefits provided to
retirees or to be provided to Raytheon’s current employees. These benefits
are described in Raytheon Plan documents, Annual Reports filed by the Company
with the IRS and Department of Labor, Raytheon Company financial statements and
other public pronouncements.
Our goal is to be the voice of retirees and active Raytheon
employees to assure that these benefits are being provided as promised and in
order to maintain and improve these benefits to the maximum extent possible.
In so doing, the grade of the products and services of the Raytheon Company will
be improved through a higher degree of efficiency in the occupations of its
employees.
The Association will monitor federal and state legislation
and legislative initiatives affecting retirement benefits to carry out its
principal purpose. The Association may bring its concerns to the attention
of legislative and executive members of government if in the best interest of
Association retirees. Furthermore, it may publish and distribute newsletters and
announcements to the members reporting on its activities and disseminating other
information of interest. Other activities may include sponsoring meetings of the
members from time to time to share common experiences and to advance solidarity
of the membership in achieving the goals of the organization.
The Association will accept membership of both active and
retired employees in advancing these goals.
To achieve these purposes, the Directors have organized
around a number of action committees to concentrate on the issues and concerns
of today. The six Committees are Benefits, Raytheon Liaison, National
Liaison, Communications, Membership, and Financial.
