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!
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.
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:
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.
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
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
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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