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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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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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