More $ in my pocket. Thanks VZ for VSP and waiting for lump sum pension. The rate VZ guaranteed was 1.25% until 7/1/19 however, the rate went down to 1% then to .75% and now it be going down to .50%. For every quarter % it goes down the Pension lump sum goes up about 4%.
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@1pvt due to contract language regarding an EISP. Job surpluses and or layoffs need to be declared before the EISP offers get triggered. The purpose of the language is to dissuade layoffs. The poster is just stating that it would be nice in the coming months for there to be a surplus announced as it will become increasingly lucrative for senior members to cash out.
What does this have to do with layoffs?