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Brothers and Sisters, This is an update on the Verizon EISP offer. There is new information that we have received that could be of interest to the membership. Many of you under Chris Child's organization are currently being canvassed as to your choice of leaving under the EISP. This form must be filled out. If you do not make an election the company will default you to December 30, 2010. This form also has to received by your supervisor by November 2nd, 2010. TERMINATION DATE ELECTION FORM The local also received information that this extension offer will be available to System's Techs under Chris Child's Organization. This is a change. We have received numerous questions about this EISP extension. We have included some below that could affect many of you: 1. Does this apply to anyone but Chris Child's organization (i.e. - Consultants, Clerks, etc.)? The answer is not at this time. This could change if the company does not receive the amount of employees it needs. 2. What if I volunteer but I am #601 out of the 600 the company wants? We have been told that this offer is by seniority so that if the company gets all they need then #601 will leave on November 20, 2010. 3. What if I choose Dec. 30, 2011 and I die. Does my spouse get the EISP money? We have been told NO. This unfortunately has happened and the company denied them. (proving once again Verizon is morally bankrupt) 4. If I choose Dec, 30, 2011 what happens when the contract is negotiated in the Summer? This is probably the most important question. Your EISP payment is locked in but other benefits are negotiated and could change. It is important to remember that retirement benefits could change even if you were retired. The form that you will sign says "The terms and conditions of the Collective Bargaining Agreement apply." We do not know what the future holds and this is why it is so important that everyone stay involved both active and retired. Please make sure that you consider you options before filling out this form. If you have any questions please don't hesitate to call and we will try to provide the answer. In Solidarity, The Executive Board
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