Kate Glidden from Compass Point is holding “Free Retirement Super EIPP Clinic”. See the flier below for all of the details.
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Scarborough Regional Manager, Margaret Pierce, will be hosting live webinars for those considering the Special Incentive EIPP or those wanting to learn more about retirement planning. The webinars will be held:
Wednesday October 25, 2023, at 6:00pm
Wednesday November 1, 2023, at 6:00pm
Monday November 6, 2023, at 6:00pm
Click this link to register: https://planmember.media/scarborough-investments-EIPP-webinar-registration
Also, see the attached flyer for more information.
Scarborough Alliance offers the IBEW Local Unions Savings and Security Plan, a retirement plan that is exclusively for eligible IBEW members. This is an ERISA qualified retirement plan (not an IRA), that accepts tax-free rollovers of your Verizon Lump Sum Pension and 401(k) plan.
Since 1975, IBEW members have turned to Scarborough Alliance for their retirement planning and investment needs. Here are some reasons why:
- Margaret and Scarborough act as a fiduciary with a professional duty of care to always act in the best interests of members
- More than 45 years of experience in helping IBEW members
- Personalized advice and service from Regional Managers who are supported by a team of financial professionals
- Fees that are generally lower than IRAs offered by retail advisors
- Retire at age 55 or older with no restrictions or IRS penalties on withdrawals (59 ½ in IRAs)
- Loans available from the plan, even during retirement
Margaret is also available to meet with you at a time that is convenient for you to discuss your personal retirement decisions. She can be reached at (508) 415-9200 or mpierce@scarboroughalliance.com
Verizon has declared a surplus under Article G25 of the contract.
The company will offer to employees in surplus job titles and locations the provisions of the Special Incentive, which includes a $50,000 bonus to provisions of the Enhanced Income Protection Plan to qualified volunteers.
The list of job titles and locations affected under this offer are as follows:
- 5 Special Assistants in Lowell under the Director Erin Stead
- 1 Special Assistant in Lowell under Karen Ratigan.
- 1 Administrative Assistant in Dracut under Shawn Marie Akinuli
- 1 Administrative Assistant in Lowell under Erin Stead
- 1 Administrative Assistant in Lowell under Karen Ratigan
Affected employees will have from August 23rd to September 6th to volunteer to accept the Special Incentive and for those accepted their last day on payroll will be September 24th, with an off-property date of September 25th.
Affected employees will receive the package in the mail. If you do not receive a package and believe that you should have, please speak with your supervisor or call the union hall.
Register to attend a webinar titled “Retirement Income and Investment Planning for Members” hosted by Steve Raymond, Regional Manager, Scarborough Alliance Group.
Attendees will have the option to attend either the noon webinar or the 5:30 PM webinar. Both are on Wednesday August 11th.
If you want to speak about your personal situation, please call the office (1-800-246-1433).
