Thread regarding Verizon Communications Inc. layoffs

Verizon Retirement Plan

Sorry, a noob here - I joined in March 2015 - I see that people are talking about Verizon Retirement Plan - what does that mean? Who is eligible and what do you get with the plan?

by | Post ID:
778 views | 7 replies (last )
Comment! It's anonymous! Reply to this post anonymously by submitting the form near the bottom of the page!

7 replies (most recent on top)

This is all super confusing

by | Post ID:

It more age+years of service >= 75, with 15 year min. For RIFs, there is the concept of aging in with age+years of service >= 73

by | Post ID:

to — Anonymous197350 .."Yes" on your question of..Do you mean any mgmt employee with service plus age is 58 years is called a retiree instead of non-retiree?

by | Post ID:

If union and hired before 2012 you get around $500K after 30 years (or a reduced amount if over the age of 50 with 25 years service), plus healthcare for life (under current contract) for about $700/year for a family.

Since hired in 2015 you only get the 100% match up to 8% on the 401K (vs our reduced 82% match of 6% that the people with pensions get).

Management was stripped of their retirement about 10 years ago, they get nada if they didn't have 15 years service at that time and it was frozen if they did.

by | Post ID:

287 Do you mean any mgmt employee with service plus age is 58 years is called a retiree instead of non-retiree?

by | Post ID:

You not Period.

If you were Union, and hired before the last strike (about 4 years ago) you are eligible.

If you are non union (so called management) you are not eligible.

by | Post ID:

Sorry, but you don't seem to meet the requirements. IF I remember correctly, your age and length of service need to total 58 yrs to qualify as a retiree. BUT, check with the benefits department.

by | Post ID:

Post a reply

:

Related pages


norwoodhospitaltrizetto denverwalgreens salary pharmacistjobs halliburton comruby tuesday louisvillenetapp jobunisys company profilecontractors for time warner cablepepperdine west la bookstoreschramm inc west chester pabank of america locations wilmington dewww midwestone combank of america hyderabad openingswww firstnbcbankauthorized retailer verizondel sur mello roossears dedhamcarrington health centerat&t webphoneapple arden mallapple store in brea mallparker hannifin misears honolulu hiwalmarts hours todaylowes job postingsbrinks stocktime warner el paso numberchesapeake energy layoffslockheed martin jobs houstonnational oilwell varco houston addressruby tuesday atlantic city njcisco starting salaryfmc technologies houston texasapple store holyoke maverizon owassohome depot esppbooksamillion jobsmerck cometenbridge websitewells fargo jobs in des moines iowaverizon headquarterge in bangalorevalley fair mall apple storecoca cola jobs in tampa flstaples inc headquartersbaker hughes benefitsruby tuesday battle creekbeckman coulter indianapolis incboe holdings incedmc fraudfrys electronics planonyc layoffsmortenson construction minnesotawm ceosungard page layoffsnordstrom headquarters seattleigate layoffl 3 communications greenville tx jobskraft foods hiringapple store boston cambridgethe container store coppellpearson indianapolispayless bristol ctmcmoran freeportraymond james financial st petersburg flsap layoffsbank of america w2verizon wireless jobs in njhess stockssuntrust bank salarysocal edison locationsgreen mountain coffee williston vtwalmart corporate office bentonvilleamerigas partners stockt mobile jobs bellevuemethodist hospital kentuckyibm divisionsgulfstream brunswick gawholefoods palm desert