On September 10, 2026 Verizon has declared a Surplus under Article G25 of the Contract
Members of IBEW Local 2324 Verizon sent the following information today.
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This surplus declaration has been made by the Company under the provisions of Article G25 of the Contract.
This force surplus may necessitate involuntary permanent reassignment of regular employees to a different Job Title involving a reduction in pay, or to a location requiring a change of residence.
The Company will offer the provisions of the Special Enhanced Income Protection Plan (S-EIPP) to regular employees in surplus job titles and at the work locations involved.
The following are the Job Titles and Work Locations involved-
5 – Administrative Assistants at 365 State St., Springfield
1 – Equipment Installation Technician at 295 Worthington St., Springfield
1 – Network Field Operations Technician at 1 Federal St., Springfield
2 – Outside Plant Technicians at 111 N Hatfield Rd., Hatfield
7 – Splice Service Technicians at 111 N Hatfield Rd., Hatfield
7 – Splice Service Technicians at 95 Brookdale Rd., Springfield
10 – Operators, Service Assistant-Aide at 24 Federal St., Pittsfield
These offers will be distributed to the affected employees by September 18, 2026. An employee’s election to accept the offer must be in writing and transmitted to the Company within 15 days from the date of the offer. These decision is irrevocable after such 15 day period which is October 2, 2026.
The final date of employment in this case for those accepted volunteers will be October 10, 2026.
From the 2016 MOU, Article XII.
XII. SPECIAL ENHANCED INCOME PROTECTION PLAN
A. The Company may make Special EIPP offers to associates to voluntarily leave the service of the Company with the benefits listed below. The Special EIPP offers may be made whenever under the applicable collective bargaining agreement, the Company is permitted to offer either an IPP or an EIPP, except that each associate may only be offered one Special EIPP offer per calendar year unless the associate moves to a different title or to a different work location. For a period of one year after an associate leaves the payroll as a result of accepting a Special EIPP offer, the Company cannot permanently force transfer or temporarily transfer associates in the same title into the work location to which the associate, who accepted the Special EIPP, was assigned. This limitation does not apply to temporary transfers for emergencies.
B. Associates who elect to voluntarily leave the service of the Company pursuant to a Special EIPP and are accepted by the Company shall receive the benefits of the EIPP and the following additional benefits:
- Supplemental Voluntary Termination Bonus. Associates who leave the service of the Company pursuant to a Special EIPP will receive a lump sum amount of $40,000, less taxes and withholdings, in addition to the EIPP payment and related benefits, the voluntary termination bonus, and continuation of medical coverage to which the associate is otherwise eligible under the terms of the applicable collective bargaining agreement.
- Raising of Caps on EIPP Payment. Those associates with greater than 30 years of net credited service will have their EIPP payment capped at 40 years of service rather than 30 years.
- Waiver of Age-Based Pension Reductions for Early Commencement. The Pension Plan will be amended such that Service Pension eligible associates who leave the service of the Company pursuant to a Special EIPP will not have the age-based reduction for early commencement, if any, applied to the calculation of their pension.
- Acceleration of Next Pension Band Increase. The Pension Plan will be amended such that pension eligible associates who leave the service of the Company pursuant to a Special EIPP will be eligible for the next scheduled Pension Band Increase, to the extent there is another Pension Band Increase scheduled pursuant to Section V.C of this 2016 MOU, in the calculation of their pension.
- Interest Rate Protection. The Pension Plan will be amended such that, regardless of the specific date on which an employee leaves the service of the Company pursuant to a Special EIPP, the determination of the interest rate and mortality basis used for converting such employee’s single life annuity to a lump sum amount will be based on the better of (a) the applicable interest rate and mortality basis as of such employee’s elected pension commencement date following his or her actual separation from service or (b) the applicable interest rate and mortality basis as of the earliest possible commencement date for an employee who leaves the service of the Company under that Special EIPP, provided that such employee’s age will be determined in accordance with his or her elected pension commencement date rather than a pension commencement date set to the date referenced in this (b) clause.
- C. Associates who elect to voluntarily leave the service of the Company pursuant to a Special EIPP offer and are accepted by the Company will be separated from the Company on either (i) one date, or (ii) more than one date, to be selected at the discretion of the Company not to exceed six (6) months from the date the associate elects to leave pursuant to the Special EIPP. The Company, in its discretion, will determine how many associates will be separated on each date in each job title, work group and work location. The Company will honor requests by seniority, to the extent consistent with the requirements of the business, when assigning the date on which each associate will be separated. Notwithstanding the provisions of the parties’ collective bargaining agreement, there shall be no layoffs in a title, work group and work location subject to a Special EIPP during the time period between the first and last off payroll dates if there are associates in the title, work group and work location who are designated by the Company to be separated as part of that Special EIPP.
- D. A Special EIPP may not be offered simultaneously to associates (i) in the same title, (ii) the same bargaining unit, and (iii) the same work location or contiguous work locations as other associates who are declared surplus and are receiving an EIPP or IPP offer.
- E. Except as modified by this Section XII the applicable collective bargaining agreements will apply to Special EIPPs.
