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As you are all aware, the Committee of Eight representatives from CWA District One, District Two and District 13, IBEW New England and IBEW New Jersey, have been meeting with high level Verizon Management team since last Friday. The Unions made it quite clear that we would not continue talking if the Company's position was that they were going to violate our contract by refusing to abide by the surplus reduction language including contracting that is part of our contract. The Company agreed to abide by our contact and we reached an agreement on a one time enhanced off payroll late Wed night. The dates for this EIPP packages have not been determined yet. Once they are available, we will have them to you. The highlights are as follows:
ONE TIME SUPPLEMENTAL VOLUNTARY TERMINATION BONUS $40,000.00 added to the existing 10,000.00 RAISING OF THE CAPS ON THE IPP PAYMENT
members with greater than 30 years of service will have their IPP payment capped at 40 years rather than 30 years. 
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