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Verizon Declares Surplus Under Article G25 — What Local 2321 Members Need to Know

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Verizon has declared a surplus under Article G25 of the collective bargaining agreement, and the company will be offering the Special Enhanced Income Protection Plan to employees in the affected job titles and work locations.

Below, we’ve listed every impacted title, location, and position count across Plant, Sales, and Accounting in Local 2321 — along with the key dates you need to know, from when notices go out in the mail to the final day on the property.

If you believe you’re affected and haven’t received a package, don’t wait — call the union hall.

IBEW_2321_Verizon_Surplus_Notice_TextDownload
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4Q24 NE IBEW Special Offer Surplus Declaration

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Volunteer Period:  August 27 – September 10

Last Day Worked:  September 28

Off-Payroll Date:  September 29

NE-IBEW-3Q24-Source-Document-_-Attachment-ADownload
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Verizon Retirement Workshops

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You’re invited to this workshop presented by Kate Glidden, CFP®, Senior Financial Advisor with Gallagher Financial Planning.

You can register by scanning the QR code on the flier below, calling 800.246.1433, or by clicking on this link.

Verizon-Workshop-Event-Flyer-FinalLCN1-Download
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An Additional Raymond Wealth Management Webinar For Retirement Planning

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Raymond Wealth Management is hosting a retirement planning webinar at 6:00 PM on Monday, 13 November 2023.


Steve Raymond, Founder, will address some common questions that retirees face including your pension options, the Special EIPP and other benefits. In addition to Steve’s experience working with Verizon retirees, his firm offers cost-effective investment solutions on an award-winning wealth management platform, recently named ‘Best in the Industry’ by Barrons and the Money Management Institute. We hope to see you there!


https://zoom.us/webinar/register/WN_OSeHD6ptSYy5a0xpe7S4FA

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Special Incentive EIPP Retirement Meetings for IBEW Members

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Margaret Pierce, New England Regional Manager for Scarborough Alliance, will be meeting with all IBEW local members starting this weekend, Sunday November 12th through next Sunday November 19th, day and evening hours, at the IBEW Local 2222 office: 159 Thomas E. Burgin Pkwy 3rd floor, Quincy, MA 02169.

To schedule a meeting in person or by phone, please contact Margaret at mpierce@scarboroughalliance.com or 508-415-9200.

The IBEW Local Unions Savings and Security Plan is a qualified defined contribution plan established in 1975 for IBEW members. The plan is overseen by the IBEW Trustees and offers members a qualified plan to roll over their Verizon Pension and Fidelity 401(K) assets. The investments and managed account options offered in the plan are overseen by the IBEW trustees. Scarborough Alliance is the only financial services firm that administers and acts in a fiduciary capacity under the plan for IBEW members.

Attached is a recording link Margaret gave this week covering the Special Incentive EIPP offer and Scarborough Alliance for IBEW Members:


https://planmember.media/scarborough-investments-webinar-2023-11-06

IBEW-Plan-Lump-Sum-Pension-and-401k-overviewDownload
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