Lucent Technologies Inc., Murray Hill, N.J., the telecommunications equipment company being spun off from AT&T, will get almost two-thirds, or an estimated $29.1 billion, of AT&T's $47.6 billion in defined benefit pension assets. But few investment management changes are expected. Lucent agreed to allow AT&T Investment to continue managing Lucent's assets for two or three years, said Florence L. ``Meg'' Walsh, vice president and treasurer of Lucent. The agreement could be extended if Lucent executives are satisfied.
The new AT&T, which will retain the name and telephone services following the spinoff of Lucent and NCR Corp., will receive $16 billion of pre-restructured AT&T's total pension assets. NCR will receive some $1 billion to $2 billion in defined benefit assets.
