CWA Bargaining Update

1105 Tape – September 19, 2012

Finally, I am able to advise members that as of 12pm today, CWA, IBEW NY, NE, NJ and Mid-Atlantic have reached a tentative agreement with Verizon on a new collective Bargaining Agreement. For 4 years terminating August 1, 2015.

The following is a brief outline contained in the new agreement.

WAGES: SIGNING BONUS of $800.00

2012 ——- 2.25 % (effective the Sunday after ratification)

8/2013—– 2.75%

8/2014—– 3.00%

PENSIONS: STATUS QUO

Lump Sum Remains

No capping at 30 years

MEDICAL: MEP-PPO / HCN

PREMIUM PAYMENTS: MONTHLY

SINGLE

2012 – $30.00

2013 – $45.00

2014 – $50.00

2015 – $55.00

FAMILY

2012 – $60.00

2013 – $90.00

2014 – $100.00

2015 – $110.00

HEALTH CARE REIMBURSTMENT ACCOUNT (HRA)

$850.000 to offset increases in deductible, co-pays, co-insurance and out of pocket maximums.

Deductibles now apply to out of pocket maximum.

EPO/HMO – Alternate Choice Medical

Premium is 1 ½ times the premium of the MEP-PPO / HCN

EPO is frozen for any new member

RETIREE MEDICAL

No premium payment for members who retire prior to 1/1/ 2013

Members who retire after 1/1/13 will pay same as actives.

Medicare eligible pays only 50% of premium.

PRESCRIPTION DRUGS

Go to the two available schedules which are generic and single source

Must go mail order after 3rd refill

GENERIC————RETAIL————MAIL

2013————–DNP or $8.00……..DNP or $16.00

2014———— -DNP or $8.00……..DNP or $16.00

2015———— -DNP or $9.00……..DNP or $18.00

SINGLE SOURCE————RETAIL————MAIL

2013 ———————–30% DNP or $25———$30% DNP or $50.00

2014 ———————–30% DNP or $25———$30% DNP or $50.00

2015 ———————–30% DNP or $26.50——-$30% DNP or $53.00

OUT OF POCKET MAXIMUM; Increased

Applies only to mail order:

2013 -$600.00

2014 _ $700.00

2015- $742.00

LANGUAGE PROTECTED

JOB SECURITY

FAP

35 MILE RULE

0.7 MOW

CPS (guaranteed $700 minimum)

TAP (Capped at $8000.00 per year and eliminated for Medical & Aviation)

EWD DAYS

HOLIDAYS

DISABILITY (STD & LTD as well as Accident Disability)

WORK & FAMILY: $1.5 million per year, for 2011, 2012, 2013 and 2014 totaling $6 Million.

CHANGES

Pay day moved to Friday

Elimination of the Next Step Program

Absence

10 days paid

4 days exempt from the ACP

An incentive for days not used.

½ Christmas Eve for those members who actually work on Christmas Eve.

Again this is a brief outline.

It’s been a long 15 months and now it will be up to the members to accept or reject this offer.