VZ Corporate Profit Sharing (CPS)
Eligible Verizon employees have the option to defer their entire CPS award into their Verizon Savings Plan account. Employees who wish to defer their CPS award must take action between January 4th 2021 and February 5th 2021.
Employees who choose not to defer will receive their CPS award on March 5th, 2021 in a separate paycheck/direct deposit.
The letter below, which details the steps to take if you choose to defer your CPS, will be emailed to all employees. Employees on a leave of absence or disability absence will receive the letter in the mail.