Verizon has declared a surplus condition in 14 titles within the force adjustment areas FAA's 1 through 6. To alleviate the surplus condition the company will invoke the force adjustment plan of the collective bargaining agreement. This surplus condition has been determined by the company to be due to a process change.
If the surplus condition requires the use of the enhanced income protection plan (EIPP) under step three (3) of the FAP article, EIPP offers will be tendered to those employees in the surplus titles and FAA's involved by March 4, 2014. An employees election to leave the service of the company and receive EIPP payments must be in writing and transmitted to the company within 15 days of the offer, in this case March 18th, 2014. The off payroll date for employees who accept the offer will be March 30, 2014.