HIGHLIGHTS OF THE 2008 MEMORANDUM OF UNDERSTANDING

                                                                    BETWEEN

               VERIZON NEW ENGLAND INC AND THE INTERNATIONAL BROTHERHOOD                                                       OF ELECTRICAL WORKERS T-6 SYSTEM COUNCIL       

 

                                    TO REMAIN IN EFFECT THROUGH AUGUST 6, 2011       

 

 

 

           

WAGE INCREASES

 

            EFFECTIVE AUGUST 3, 2008                 3.25%

            EFFECTIVE AUGUST 2, 2009                 3.50%

            EFFECTIVE AUGUST 1, 2010                 3.75%

 

COST OF LIVING

 

EFFECTIVE AUGUST 1, 2010 AN ADJUSTMENT WILL BE MADE IN BASIC WEEKLY RATES IN EACH WAGE SCHEDULE IN THE AMOUNT OF: (I) ONE HALF OF THE INCREASE ABOVE THREE AND THREE-QUARTERS PERCENT (3.75%) IN THE “CPI-W”

FOR MAY 2010 OVER MAY 2009, APPLIED TO THE SCHEDULED RATES IN EFFECT IN EACH WAGE SCHEDULE ON JULY 31, 2010 ROUNDED TO THE NEAREST 50 CENTS.

 

CORPORATE PROFIT SHARING
 

THE CPS WILL PROVIDE AWARDS FOR RESULTS IN CALENDAR YEARS 2008, 2009 AND 2010 WITH AWARDS PAYABLE IN 2009, 2010 AND 2011. 

THE MINIMUM DISTRIBUTION FOR PERFORMANCE YEARS 2008, 2009 AND 2010 WILL BE $700.00, SUBJECT TO PRORATING*

 

PENSION AND SOCIAL SECURITY SUPPLEMENT 

            NO CHANGE
 

AUTOMOTIVE/BUILDING SURPLUS LETTER

      NO CHANGE
 

JOB SECURITY LETTER

 

      NO CHANGE
 

JOB SECURITY LETTER

 

      “NEW EMPLOYEES” HIRED AFTER AUGUST 3, 2003

 

ALL TEMPORARY EMPLOYEES

RECLASSIFIED TO PERMANENT FULL TIME AT RATIFICATION

 

WORK AND FAMILY

 

      $825,000.00 PER YEAR

 

EMPLOYEE ASSISTANCE PROGRAM

 

      NO CHANGE – 24 HOUR 7 DAYS A WEEK

 

 

COMMUTER ADVANTAGE PROGRAM

 

      NO CHANGE-PRE TAX DOLLARS SET ASIDE FOR COMMUTER EXPENSES

 

 

COMPANY WILL STAFF SIXTY (60) ADDITIONAL OPT POSITIONS

 

            THIRTY (30) VIA BID, THIRTY (30) OFF THE STREET

 

 

 

 

 

PENSION BAND INCREASES

 

            EFFECTIVE 10-1-08           3.25%

            EFFECTIVE 10-1-09           3.50%

            EFFECTIVE 10-1-10           3.75%

 

 

PENSION LUMP SUM CASH OUT

 

ELIGIBILITY REMAINS THE SAME AS PRIOR AGREEMENT

 

 

VOLUNTARY TERMINATION BONUS

 

LUMP SUM PAYMENT OF $10,000.00

 

 

MEDICAL BENEFITS

 

NO COST SHARING OF MEDICAL PREMIUMS FOR ACTIVE OR RETIRED MEMBERS FOR THE LIFE OF THE AGREEMENT

 

PRESCRIPTION DRUGS

 

      IN NETWORK PHARMACIES (MEDCO) THIRTY (30) DAY SUPPLY

 

• GENERIC DRUGS CO PAY 15% OF DISCOUNTED NETWORK PRICE (DNP)FOR ORIGINAL AND EACH REFILL MAXIMUM OF $25.00 CO PAY
• SINGLE SOURCE BRAND NAME DRUGS 25% OF DNP AND $40.00 MAXIMUM
• CO PAY

• MULTI SOURCE DRUGS 35% OF DNP AND MAXIMUM OF $50.00 CO PAY
• ALL PRESCRIPTIONS DISPENSE AS WRITTEN (DAW) MULTI SOURCE      

      DRUG CO PAY WILL APPLY

 

  OUT OF NETWORK PHARMACIES

 

• ANNUAL DEDUCTIBLE $50.00 PER PERSON

 

• GENERIC DRUGS 15% RETAIL COST AND $25.00 MAXIMUM CO PAYS UP TO THIRTY (30) DAY SUPPLY
• SINGLE SOURCE BRAND NAME SHALL BE 25% OF THE RETAIL COST $40.00 MAXIMUM CO PAY

• MULTI SOURCE DRUGS 35% AND $50.00 MAXIMUM CO PAY. ALL DAW WILL APPLY

 

 

 

 

 

MAIL ORDER PHARMACY

 

• GENERIC DRUGS SHALL BE THE LOWER OF

• $8.00 FOR THE ORIGINAL PRESCRIPTION AND EACH REFILL FOR UP TO A 90 DAY SUPPLY

• SINGLE SOURCE $15.00 CO PAY 2009, $20.00 CO PAY 2010, $25.00 CO PAY 2011 90 DAY SUPPLY

• MULTI SOURCE $20.00 CO PAY 2009, $25.00 CO PAY 2010, $30.00 CO PAY 2011

• DAW WILL APPLY

 

 

HMO PRESCRIPTION DRUGS

 

COVERAGE SAME AS ABOVE UNLESS “CARVED OUT” BY HMO

 

NATIONAL HEALTH CARE REFORM

 

INCREASE EDUCATIONAL OPPORTUNITIES AND JOINT PARTICIPATION TO SUPPORT NATIONAL HEALTH CARE REFORM

 

HEALTH CARE NETWORK (HCN)

 

EMERGENCY ROOM $15.00 CO PAY WITHOUT ADMISSION

 

MEP INDEMNITY PLAN AND MEP PPO

 

 ELIMINATED JANUARY 1, 2009

 

 

 

ESTABLISH NEW HEALTH CARE PPO PROGRAM

 

• ADMINISTERED BY EMPIRE

• EFFECTIVE JANUARY 1, 2009

• PRESCRIPTION DRUGS OUT OF POCKET MAXIMUM $350.00 2009, 2010 AND $400.00 2011

• EMERGENCY ROOM, URGENT CARE CO PAYS $15.00

• OUT OF NETWORK CO PAYS WILL VARY

• MORE DETAILS WILL BE FORTHCOMING PRIOR TO 2009 ENROLLMENT

 

 

BEGINNING JANUARY 1, 2009, AN INDIVIDUALIZED ANYTIME ENROLLMENT PROCESS WILL BEGIN.  MEMBERS AND RETIREES WILL BE ALLOWED TO MODIFY THEIR HEALTH CARE CHOICES ONCE EVERY 12 MONTHS AND NOT ONLY DURING THE TRADITIONAL OCTOBER OPEN ENROLLMENT PERIOD.

 

 

 

 

RETIREE HEALTH CARE

 

THE COMPANY SHALL PAY 100 % OF THE COST OF COVERAGE FOR ALL MEDICAL BENEFIT OPTIONS WITH NO CONTRIBUTIONS FOR 2009, 2010 AND 2011.

 

RETIREE CAPS 2012                    

                                                           

                                                            PRE MEDICARE                MEDICARE ELIGIBLE

 

            RETIREE ONLY                 $12,580.00                                $6,330.00

            RETIREE PLUS ONE (1)   $25,160.00                              $12,660.00

            RETIREE FAMILY                        $31,450.00                              $18,990.00

 

 

 

VISION BENEFITS

 

PLAN COVERS EXAM EVERY YEAR

 

 

ROTH 401 (K) PROGRAM

 

EFFECTIVE JANUARY 1, 2010, OPTION ADDED TO SAVINGS PLAN, SUBJECT TO INTERNAL REVENUE CODE

 

 

 

VERIZON BUSINESS

 

VERIZON BUSINESS AND VIDEO HUB TECHNICIANS GRANTED UNION RECOGNITION, OVER 600 VZ BUSINESS TECHNICIANS

 

 

SALES

 

FIOS COLLECTION WORK WILL BE MOVED FROM FLORIDA TO BOSTON AND PROVIDENCE

 

LOCAL PRESENCE CENTERS (LPC) WILL BE STAFFED BY IBEW LOCAL 2323 MEMBERS WITH EIGHT (8) CENTERS IN RHODE ISLAND.