The National Association of Prudential Retirees and Vested Terminators

Last update:

01/13/2003

Statement of Purpose

The National Association of Prudential Retirees and Vested Terminators, Inc., (NAPRI) is an independent organization with membership open to all retirees, vested terminators and beneficiaries receiving retiree benefits, of the Prudential Insurance Company of America. NAPRI has received IRS approval as a 501(C) (3), tax-exempt entity.

Beginning as a grass-roots effort to coalesce interests of retirees and vested terminators, NAPRI has grown into an incorporated entity forthrightly representing the interests of its membership.

As do retirees from many other major corporations, NAPRI members recognize the need to band together. Today's corporate culture is ever changing and highly competitive. Without the strength of numbers, our individual voices are destined to be faint and distant.

Primarily, NAPRI members solicit the recognition and fairness they deserve from Prudential. Not only is this equitable, but it fosters credibility and improved business relations with the Company's customers and potential stockholders. Many thousands of retirees, who are policyholders and individual annuity contract owners, have also become stockholders since Prudential converted to a stockholder owned company.

NAPRI believes it is desirable to have a Prudential retiree on Prudential's Board of Directors. This is a common practice among the nation's largest corporations and may help minimize the estrangement of retirees' needs from the Company's strategic business decisions.

NAPRI is dedicated to the well-being of retirees and vested terminators through outreach efforts on behalf of its membership. They include advocacy of pension and health insurance issues, education of its membership, and scrutiny of executive actions affecting our treatment.

The benefits that we earned during our working years are vital to our financial peace of mind in retirement. NAPRI seeks to:

We will otherwise risk a dilution or loss of critical benefits.

NAPRI's objectives are met through dialogue with Prudential's executives; interaction with state and federal legislators and officials; communication with other retiree organizations such as the Coalition For Retirement Security; research of issues affecting pension and welfare benefits; and on-going fellowship with, and mobilization of, its membership.

NAPRI subscribes to the understanding that together we can do more to safeguard our benefits than we can do individually. Our partnership gathers our resources and pools our talents to assure our goals are achieved.

This statement of purpose is permanent and may be changed only by a majority vote of NAPRI membership.