Verizon 4th Quarter 2019 Surplus Declaration

The surplus titles and FAAs\Unit together with the names, net credited service dates, and work locations of all employees affected are provided as attachments to this letter. 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 surplus condition requires the use of the Enhanced Income Protection Plan (EIPP) under step three (3) of the FAP Article, EIPP offers will be tendered to those employees in the surplus titles and FAAs/Unit involved by November 26, 2019. An employee’s election to leave the service of the Company and receive EIPP payments must be in writing and transmitted to the Company within 15 days of the offer, in this case December 10, 2019. The off-payroll date for employees who accept the offer will be December 22, 2019.

Click here for the surplus titles and numbers.