Verizon announced today that the CPS award for full time employees is $713.00. The award will be pro-rated for part- time employees and those employees who participated for more than 3 months but less than 12 months in the plan year. The award will be paid on March 13, 2015.
Absence Payout: Employees who use four days or fewer of paid or unpaid incidental absence in a calendar year will receive the following lump sum payment, prorated for part-time employees. This will be paid no later than the first paycheck in March of the following year. So this means that last this payment will be included in this weeks check for 2014 . This includes all existing provision(s) pertaining to unpaid incidental absence, including waiting days which will continue in full force and effect. If you have any questions please contact your steward.