Anyone have any info on the upcoming EIPP?
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EIPP - Enhanced Income Protection Plan - typically offered to union
EISP - Enhanced Income Separation Package - typically offered to management
No
I am not familiar of the term EIPP. Can anyone briefly tell what it is? And “humdinger” is positive, right? Thanks.
Yes I overheard two board members talking about it in the elevator at Basking Ridge. I think the phrase used by one of them was "It's a real humdinger!"
Nonsense
This is going to be the one the union didn't want, and why the contract wasn't just renewed over the summer talks. 100,000 bonus, $5 grand for every year worked, with NO cap OR minimum, medical for life, 4 and 4 added to time of under 30 years. They want 70 percent of the current force gone by 2030, and this is phase I.