Members of IBEW Local 2324 – In the Memorandum of Understanding from 2008 the Agreement was to no longer cover those who were hired on or after August 3, 2008 with Retiree Medical for those hired before August 3, 2008…

Going on Strike over a benefit that applied to those who had yet to be hired was untenable.  Rather, the determination was, should that become a cause to fight for, those that are here will have to decide if that fight was going to occur.  That time may very well be now or never. Currently, those without Retiree Medical coverage receive up to $576/yr of service with a maximum of 25 years = $14,400/yr. (from Article VI.2.D of the 2022 MOU).  Current Medical plans in marketplace are available.  They have wide ranging premiums, deductibles and out-of-pocket maximums.  They are not the same as what Covered Retirees receive. 

Those who are pre-August 3, 2008, hires are currently eligible for Retiree Medical coverage.  That is negotiated in each contract/MOU.  There is no lifetime guarantee of Retiree Medical coverage.  Currently between 10%-15% of NE are post-August 3,2008 hires.  By 2029 that percentage will only grow. 

As we experienced in 2015/2016 Negoatiations, the Company enjoys sending emails and letters to thousands of its employees to “alert” everyone to what has been proposed and has been rejected.  What will happen if in 2029 (or later) the Company proposes large raises in exchange for ending Retiree Medical coverage and 30, 40, 50% will never receive that coverage?  It’s not beyond reason to believe they will ensure everyone knows if such a proposal was rejected.  Or even worse, the Company simply demands the end of Retiree Medical coverage to reach any Agreement.  What happens after that, should it occur, needs no explanation.

If this Membership believes this, and many other subjects as well, needs to be considered and placed on the table; I ask that you say so.  If Retiree Medical is not something to potentially Strike over.  Say that as well.  It is your contract and your future.  Ask others about the cost of their Retiree Medical coverage, if they have any.  There is no guarantee to get anything without potentially withholding our Labor at Contract Expiration on August 1, 2026.  But anything that is not up for discussion will absolutely have an expiration date. Our terms or their conditions.  That is up to the Members to decide.

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April 9, 2025 Subject – Join Statement Verizon Bargaining

From an email received today from IBEW SCT-6 Chairman & IBEW 2222 Business Manager Myles Calvey-

Verizon, the CWA, and IBEW are jointly announcing today that they will be entering into bargaining beginning May 21, 2025 to determine whether it is possible to agree on the terms of a contract extension of the Collective Bargaining Agreement that does not expire until August 1, 2026.

Chairman Calvey also informed the other Business Managers of the IBEW SCT-6 Council that Eric Hetrick, Business Manager of IBEW Local 2322, will be joining Chairman Calvey at Bargaining this year.

When further developments are supplied they will be posted here

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SCARBOROUGH RETIREMENT WEBINAR FEBRUARY 18, 2024

To: IBEW Local 2324 Members
From: John D. Rowley Sr. Business Manager
Subject: Join us for a Virtual Presentation on Retirement Planning for IBEW Telecom Members
Margaret Pierce, Regional Manager from Scarborough Alliance, is offering a virtual presentation on Tuesday February 18, 2025. There will be 2 options for attending. One at 12 Noon & another at 6:00PM. In Margaret’s presentation, she will discuss investments and retirement planning for IBEW members.
As a way of background, Scarborough Alliance offers the IBEW Local Unions Savings and Security Plan to IBEW members. This is a qualified retirement plan (not an IRA), that accepts Verizon Pension lump sum and Fidelity 401(k) rollovers. Scarborough Alliance acts in a fiduciary capacity for the exclusive benefit of members. Scarborough Alliance has been the fiduciary and advisor under the plan since 1979.
The benefits of the IBEW Local Unions Savings and Security Plan are that it provides a qualified plan with personal investment support and low-cost investment options, as well as full retirement planning services for members and their families. The IBEW Trustees offer this to their members as a benefit.
Margaret is also available for individual meetings. Please see her contact information below.
Click this link for more details and to register: https://planmember.media/scarborough-investments-ibew-webinar-2025-02-18
Margaret Pierce, CFP®, AIFA®, MBA
Scarborough Alliance, Regional Manager
Direct line (508) 415-9200
Email: mpierce@scarboroughalliance.com

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