Transcript: Executive Vice President Angel Feliciano speaking
We want to remind any Members interested in accepting the IPP package, that the forms must be faxed in no later then 11:59 PM, Tuesday June 1st.
Thank you for calling and please keep in touch with these tapes
Should I stay or should I go?
CWA 1101 Secretary Jim Trainor, Vice President Joe Manley and Executive Vice President Angel Feliciano (left to right)
The 1101 Exec. board has been conducting meetings at Verizon building locations to discuss the IPP/Pension offer.
Executive Vice President Angel Feliciano, Secretary Jim Trainor and Vice President Joe Manley (pictured right) talk to the members at 153rd Street , one of the last IPP/Pension meetings.
Now it’s time to decide, should I stay or should I go.
The number of members that opt to take the IPP/Pension package will be posted when it becomes available.
The 1101 Executive Board has been conducting Retirement Seminars at various work locations to go over the enhanced IPP/Pension offer.
1101 Treasurer Terry Daly has been running the evening Retirement Seminars at local headquarters. On May 14th Terry opened with, “First you have to decide, are you going or are you staying. Can you do it? Can you meet your obligations? There are not a lot of jobs out there and they don’t want us, we’re old. On the other hand, I’ve been here 40 years and this is the best package I’ve seen to date.”
Terry went on to explain every detail relating to the IPP/Pension offer. He stayed till the end of the seminar to address any questions the members had.
Terry invited representatives from the law firm FOA (Fine Olin and Anderman) to answer questions concerning disability/workers compensation and Acumen Investment Services to address questions about financial planning.
Charleston, West Virginia – The Communications Workers of America said today it is weighing all options after yesterday’s approval by the West Virginia Public Service Commission of the sale of the Verizon’s phone lines in the state to Frontier Communications.
“We’re in the process of evaluating the order,” said CWA District 2 Vice President Ron Collins. “After full review we’ll look at what we can do that will best serve West Virginia consumers and CWA members.” The union has 10 days to file a motion for reconsideration. If the ruling on that motion is unfavorable, CWA has 30 days to file an appeal with the state Supreme Court.
“Of course, we’re disappointed but we’re heartened by the fact that at least one person on the three-member commission agreed with us and the more than 80 legislators, several county commissions and a broad coalition of consumer, union and first responder organizations who stated that this deal is too risky and not in the public interest,” Collins said. “The split decision shows our arguments about the deal had validity.”
Collins also pointed out the commission’s ruling earlier this week requiring Verizon to put $72 million into an escrow account to improve the company’s aging copper network shows the commission agrees with the union on the issue of Verizon’s quality of service.
“The ink was barely dry on the first ruling which, in essence, says Verizon hasn’t done its job in taking care of its operations,” Collins said. “To give Verizon a pass to leave the state and turn over these problem-riddled lines to a smaller company doesn’t make a lot of sense to us.”
The $72 million ruling also shows Frontier didn’t know what it was buying when it entered into this deal. Had it known the true conditions of the operations and that the PSC would require $72 million in improvements, would Frontier have committed billions to this deal, Collins said.
CWA, which has opposed the deal since it was first announced a year ago, maintains that Verizon shouldn’t be allowed to leave West Virginia without first fixing its problems. As a public utility, the PSC has the power to take action and Collins said the $72 million isn’t enough. Today is the deadline for Verizon to put the $72 million into an escrow account.
The PSC ruling also set out conditions that must be met by Frontier. CWA is reviewing those conditions as well.
| TO: OUR FELLOW CWA 1101 MEMBERS |
| FROM: ANGEL FELICIANO, EXEC. V.P., CWA LOCAL 1101 |
TRANSCRIPT: “We have scheduled a Membership Meeting for Thursday, May 20th at 5:30 pm at The Fashion Institute of Technology (FIT) Taft Hall. Fit is located on 27th Street between 7th and 8th Avenues.
The agenda will be the current IPP package.
The company has informed us that their benefit web-site will be updated with the new figures under our agreement ahead of time and will be available with the corrected information this Friday, May 7th.
Thank you for calling, and please stay in touch with these tapes.”
Angel Feliciano, Executive Vice-President
As I have been going around the Local holding meetings on the new IPP/Pension package, a number of questions come up repeatedly. I will answer those questions here and hopefully answer your questions at the same time. I will update the questions as they come up.
As I have been going around the Local holding meetings on the new IPP/Pension package, a number of questions come up repeatedly. I will answer those questions here and hopefully answer your questions at the same time. I will update the questions as they come up.
Now that the penalty (6% per year under age 55) has been eliminated, am I pension eligible even though I am not 50 years of age?
Below is the official chart:
| Your Age | Net Credited Service |
| Any age | 30 years or more |
| At least age 50 | 25 years or more |
| At least age 55 | 20 years or more |
| At least age 60 | 15 years or more |
| Age 65 or older | 10 years or more |
With two off-payroll dates, will there be two offers?
Must my Pension beneficiary be my spouse?
Can I wait and take it later?
No, this is a one shot offer, with no guarantee of any other offer, and MUST be accepted by June 1st.
Will the company allow more than the declared surplus to go?
Any oversubscription must be agreed to by both parties, and as always, would be contingent on either a complex IPP (letting people go in a non-surplus title, to make room for a surplus person) or an agreement to backfill.
Will the Local be doing Retirement Seminars?
Yes, we have already held 4, with three more scheduled (but booked up). We are taking names on a wait list, and will schedule more classes based on that list. To put your name on the list call 212-633-2666.
IPP Numbers – Comparison of monthly, bonus, lump and total IPP payments
Executive Vice President Angel Feliciano speaking:
“We have finally reached an agreement with the Company which provides for vast improvements in the IPP and Pensions. It also addresses our concerns in Contracting and Job Retention. Details will be made available as soon as the agreement is signed by all parties.
We want to thank all whose support and faith was so crucial in seeing this agreement happen.
To any Members who had payroll problems this week. We need you to contact your Steward and/or Chief Steward so that you are included in planned legal action.
Thank you for calling and please stay in touch with these tape.”
Thursday, April 1st,
Executive Vice President Angel Feliciano speaking;
“Negotiations for an enhanced IPP offering have broken down as a result of the company’s refusal to address any of our issues and concerns on the recently declared surplus.
Thank you for calling, and please stay in touch with these tapes.”