IBEW Plan review meetings for 2321 members and their spouse/partner

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IBEW Plan review meetings for 2321 members and their spouse/partner

Margaret Pierce is the financial advisor and regional manager with Scarborough Alliance who represents and supports IBEW 2321 in offering the IBEW LOCAL UNIONS SAVINGS AND SECURITY PLAN. This plan is only available to IBEW members.

Margaret will host several informal meetings to review the IBEW plan and offer the opportunity to ask any questions you or your spouse may have. Margaret works only with IBEW members throughout New England. She is a Certified Financial Planner. Her goal in offering these meetings is to ensure Local IBEW 2321 members are aware of the IBEW plan. Please choose the date and location that works best for you:

  • Tuesday August 25th, 2026 at 6pm, 110 Grill (373 Washington St, Woburn, MA  01801)

The IBEW plan is a qualified 401(k) plan, not an IRA, that was established by the IBEW Trustees in 1975 as a bargained benefit for members when they retire. This plan provides strict plan governance and oversight to ensure that the total fees, cost and structure benefit members and their families throughout their retirement years.

Brief overview of Scarborough Alliance and IBEW plan:

Scarborough Alliance offers the IBEW Local Unions Savings and Security Plan and the Local Union Retirement Program. The IBEW Plan is a qualified retirement plan that accepts Verizon Pension lump sum and Verizon Fidelity 401(k) rollovers. The IBEW plan was established for IBEW members as a benefit for members to invest, save, and take out distributions during their retirement years.

    • Scarborough acts in an ERISA fiduciary capacity for the IBEW Local Unions Savings and Security Plan (IBEW Plan).
    • The plan has a high level of oversight and governance due to the ERISA fiduciary status.
    • All fees, including investment and consulting, are overseen by the fiduciary team to ensure plan and costs are in the IBEW member’s best interests.
    • IBEW trustees meet with the Fiduciary team (Trustees, legal, investment and Scarborough) on a quarterly basis, annually, to review the investments offered within the plan, including all recordkeeping, consulting, and administrative fees.
    • Scarborough also offers the Local Union Retirement Income Program for investments that do not qualify to be rolled into the IBEW plan.

RESERVE YOUR SEAT TODAY – Please let Margaret know if you would like to attend so she can reserve tables at each location ahead of time. Thank you!

Margaret’s contact information

Margaret Pierce, CFP?, AIFA?, MBA

Scarborough Alliance

Regional Manager for IBEW members New England

Direct line: 508-415-9200

mpierce@scarboroughalliance.com

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Update on CWA, IBEW and Verizon Early Bargaining

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Our current collective bargaining agreement with Verizon is set to expire Saturday August 1st, 2026. The IBEW System Council T6 along with IBEW Local 2213, IBEW Local 827 and CWA Districts 1 and 2-13 have agreed to meet with Verizon for a limited amount of time in January to explore the possibility of a contract extension. The IBEW and CWA remain focused on our members priorities, and will provide an update on these discussions as soon as one is available. While we hope these talks prove productive, it is imperative that we continue to prepare for contract expiration by mobilizing and showing our solidarity.

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Bargaining Update

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In late May, CWA, IBEW, and Verizon began negotiations to determine whether an agreement could be reached to extend the current collective bargaining agreements. By late June, significant differences remained between the parties’ proposals, and the Unions informed the Company of our intention to conclude negotiations.

At the Company’s request, a high-level meeting was held, during which the Unions agreed to continue discussions, with the understanding that the Company was prepared to more fully address the Unions’ concerns.

Despite these continued efforts, the Company has not adequately responded to the needs and priorities of our members. Instead, the Company has chosen to end the bargaining process.

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MNA/SEIU Action Wednesday April 24th – Locations & Times

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Help us protect hospitals threatened with closure due to the Steward Healthcare crisis. Join one of the events listed below being held in communities impacted by the potential loss of these vital facilities, and feel free to invite friends and family members to show their support for community-based care!

All reactions:

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Salem Rally for Striking SAG-AFTRA Members

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As many of you know, SAG-AFTRA is on a nationwide strike to gain the fair pay and working conditions they deserve. They have been holding actions across New England, now they are showing solidarity in the North Shore! Union actors and entertainers will be rallying on Tuesday, August 29th, at the Salem Bewitched Statue (Lappin Park).

Help apply pressure by joining actors, labor activists, industry partners and special guests to rally in support of a fair contract. This rally is open to all so please bring your friends, family and supporters!

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