Verizon 4Q18 Surplus Declaration & Special Enhanced Income Protection Plan (EIPP)

To alleviate the surplus condition the Company will invoke the Force Adjustment Plan (FAP) of the collective bargaining agreement. This surplus condition has been determined by the Company to be due to a process change.The provisions of the respective FAP Articles 8(b) and 10 will not apply in this case.

If the Company uses the Enhanced Income Protection Plan (EIPP) under step three (3) of the FAP Article to alleviate the surplus, the Company will make Special EIPP offers to associates as described in Section XIV of the May 29, 2016 Memorandum of Understanding. Special EIPP offers will be tendered to those employees in the surplus titles and FAAs/Units involved by October 2, 2018. An employee's election to leave the service of the Company and receive Special EIPP payments must be in writing and transmitted to the Company within 15 days of the offer, in this case October 16, 2018. The off-payroll date for employees who accept the offer will be October 28, 2018, or possibly a later date, to be selected at the discretion of the Company, no later than April 27, 2019.

CWA Local 1101 is located in FAA 1. The surplus titles in FAA 1 are as follows: Accounting Financial Clerk (2); Administrative Assistant (2); Building Servicer (1); Network Service Coordinator (4); Office Assistant (6); Senior Administrative Assistant (8); Special Assistant (11); Special Representative (1).

Click here for the list of titles in FAAs 1-6.