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VZ Surplus Declared

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For VZ job titles, the surplus will follow the Special Enhanced IPP (S-EIPP).

For VZB title, they will follow article G20.01 of our CBA

A decision to accept the offer must be received by October 2, 2026. If accepted, the off property date will be October 10, 2026.

The following titles and locations in 2222 have been declared surplus – Please note there are two pages below:

3Q 2026 VZ Surplus

 

2222 Member Appreciation Day

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We Appreciate Our Members & Retirees – Let’s Celebrate You!
Come yourself or bring the family

Register Today

Attend an IBEW Retirement Planning Dinner or Webinar – Hear About Retirement Plan Exclusively for IBEW Members

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IBEW Plan review meetings for 2222 members and their spouse/partner

Margaret Pierce is the financial advisor and regional manager with Scarborough Alliance who represents and supports IBEW 2222 in offering the IBEW LOCAL UNIONS SAVINGS AND SECURITY PLAN. This plan is only available to IBEW members.

Margaret will host several informal meetings to review the IBEW plan and offer the opportunity to ask any questions you or your spouse may have. Margaret works only with IBEW members throughout New England. She is a Certified Financial Planner. Her goal in offering these meetings is to ensure Local IBEW 2222 members are aware of the IBEW plan. Please choose the date and location that works best for you:

    • Thursday, August 13th at 6pm: Cheesecake Factory: 250 Granite St, Braintree, MA 02184
    • Tuesday, August 18th at 6pm: East Bay Grill: 173 Water St, Plymouth, MA 02360
    • Tuesday, August 25th at 6pm: 110 Grill: 373 Washington St, Woburn, MA 01801
    • Wednesday, August 26th at 6pm: 110 Grill: 170 Forbes Rd, Braintree, MA 02184

The IBEW plan is a qualified 401(k) plan, not an IRA, that was established by the IBEW Trustees in 1975 as a bargained benefit for members when they retire. This plan provides strict plan governance and oversight to ensure that the total fees, cost and structure benefit members and their families throughout their retirement years.

Brief overview of Scarborough Alliance and IBEW plan:

Scarborough Alliance offers the IBEW Local Unions Savings and Security Plan and the Local Union Retirement Program. The IBEW Plan is a qualified retirement plan that accepts Verizon Pension lump sum and Verizon Fidelity 401(k) rollovers. The IBEW plan was established for IBEW members as a benefit for members to invest, save, and take out distributions during their retirement years.

    • Scarborough acts in an ERISA fiduciary capacity for the IBEW Local Unions Savings and Security Plan (IBEW Plan).
    • The plan has a high level of oversight and governance due to the ERISA fiduciary status.
    • All fees, including investment and consulting, are overseen by the fiduciary team to ensure plan and costs are in the IBEW member’s best interests.
    • IBEW trustees meet with the Fiduciary team (Trustees, legal, investment and Scarborough) on a quarterly basis, annually, to review the investments offered within the plan, including all recordkeeping, consulting, and administrative fees.
    • Scarborough also offers the Local Union Retirement Income Program for investments that do not qualify to be rolled into the IBEW plan.

 

RESERVE YOUR SEAT TODAY – Please let Margaret know if you would like to attend so she can reserve tables at each location ahead of time. Thank you!

Margaret’s contact information

Margaret Pierce, CFP®, AIFA®, MBA

Scarborough Alliance

Regional Manager for IBEW members New England

Direct line: 508-415-9200

mpierce@scarboroughalliance.com

 

Unable to make one of the dinners? Consider joining a webinar online

 

Webinar Topic: Retirement Readiness and an overview of the IBEW Local Unions Savings and Security Plan

Date: Tuesday August 11th 6pm

Register: Retirement Workshop for IBEW Members

 

Margaret Pierce will review the IBEW Local Unions Savings & Security Plan and how the plan benefits IBEW members when they retire.  The IBEW Local Unions Savings & Security Plan is an IRS qualified defined contribution plan that was bargained for in 1979. The plan accepts tax-free rollovers from the Verizon 401(k) and lump sum pension. The plan enables members to invest and take out distributions throughout their retirement years. Scarborough acts an ERISA Fiduciary in serving the plan and its participants. In this capacity, Scarborough is mandated by ERISA to provide a stricter level of oversite related to fees and investments than an individual would have in an IRA.

IBEW Local Unions Savings & Security Plan – NEW

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