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2023-2024 Massachusetts AFL-CIO Scholarship Program

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Local 2321 is proud to announce our Annual Scholarship Program for 2023.  Held in conjunction with the MA AFL-CIO Scholarship Program, Local 2321 offers 6 scholarships of $800 to graduating high school seniors who will be attending college or job training.  Candidates must be children or grandchildren of active local 2321 members.  Applicants must get a passing grade on a labor history exam done online at their school the week of February 5th to February 9th, 2024.

Applications are due by December 22, 2023.  Applications are available at www.massaflcio.org/scholarships.  All study materials including the study guide, flash cards, and quizzes are available at www.learnlaborhistory.com.

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Raymond Wealth Management Webinar For Retirement Planning

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Steve Raymond from Raymond Wealth Management is hosting a webinar for IBEW Members interested in the EIPP (or looking for wealth management information) on October 30th via Zoom.


Some information regarding the webinar:

“We’ll explore topics like some common questions that face retirees, how to manage your retirement savings to make them last a lifetime and how to properly complete all the necessary pension and retirement paperwork that your employer requires at retirement. For over a decade we’ve helped Verizon employees make sense out of the retirement offers like the one you’re considering. We help you answer all the important questions that lead to a sound and confident retirement plan!”

Register at this link: https://zoom.us/webinar/register/WN_b-ehQT1wR82jJ5_H6B4T0g#/registration

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Another Super EIPP Retirement Clinic Announced

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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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Super EIPP Information

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Verizon has announced a surplus under Article G25 of our contract. For those in surplus locations and titles, the company will offer the terms if the Special Enhanced Income Protection Plan. Affected employees will receive the offer by mail no later than October 31st. The volunteer period is October 31st through November 14th, and the off property date is December 3rd.

Surplus locations and titles in Local 2321 are as follows:

5 Special Assistants in the Accounting Bargaining unit in Saugus
1 Administrative Assistant in the Plant Bargaining Unit in Dracut under Shawn Marie Akinuli
1 Central Office Tech in Lawrence under Mary Colette Hazen
1 EI tech in Lawrence and 2 in Lowell
1 Network Service Coordinator at Crosspoint Tower in Lowell
1 Special Assistant in the Plant Bargaining Unit in Lowell under Mary Colette Hazen
4 SSTs in Dracut
3 SSTs in Saugus
1 Administrative Assistant in the Sales Bargaining unit in Saugus under Erin Stead
3 Service Reps in Saugus under Erin Stead

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Scarborough Special Incentive EIPP workshops

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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

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