September 19, 2008
CWA Members Ratify Verizon Contract
Washington, D.C. -- Members of the
Communications Workers of America at
Verizon Communications overwhelmingly
ratified a three-year agreement,
approving the contract with a greater
than 90 percent “yes” vote.
The agreement achieves workers’ key
goals, including the creation of
more than 2,500 new union jobs through
the elimination of subcontracting
in many job areas, the conversion of
temporary jobs to permanent ones,
and new work on Verizon’s cutting edge
FiOS technology, for example. It
provides for a compounded wage increase
of 10.87 percent over the
contract term, maintains quality health
care for active and retired
workers and increases pension bands.
The contract extends union recognition
to several hundred former MCI
technicians at Verizon Business who
have been seeking union
representation for nearly two years,
and includes new opportunities for
union workers to provide customer
support and service at Verizon
Business.
CWA President Larry Cohen called the
agreement “a breakthrough in many
ways” and commended Verizon management
for its commitment to work with
CWA and others for real health care
reform.
The agreement covers more than 50,000
CWA-represented workers at
Verizon; the International Brotherhood
of Electrical Workers represents
another 15,000 in the Northeast.

Following is a summary
of the Verizon tentative agreement:
1. Wages
a. Effective 8/3/2008 3.25%
b. Effective 8/2/2009 3.5%
c. Effective 8/1/2010 3.75 %
2. COLA
a. Effective 8/1/2010
b. One half of the increase in the
CPI-W in excess of 3.75% between May
‘09 and May ‘10
3. Corporate Profit Sharing
a. $700 minimum distribution
b. Paid in March of each year
4. Pension Band Increases
a. Effective 10/1/2008 3.25%
b. Effective 10/1/2009 3.5 %
c. Effective 10/1/2010 3.75%
5. Pension Lump Sum Cash-Out
a. Pension Distribution Options
remains in contract with no change in
the language by which the amount is
calculated
b. Available at any time, for the
length of the contract
6. VZ-B
a. 445 Field Techs in plant contract
with carveouts
b. 145 Inside Techs in plant contract
with carve outs
c. Guarantee small and medium
business exclusively for represented
commercial
d. Bring new VZ-B work to CWA
represented locations 100 at end of 2009
and 100 at end of 2010
7. Video Head End – Video Work.
Approx. 75 in plant contracts with carve
outs
8. Temps and terms to Perms (Approx
1,200)
9. Three times a year discussion on
union jobs and efficiency/growth
10. Active Health Care: Maintained
full employer paid coverage with limited
plan design changes
11. Retiree Health Benefits
a. Fully paid, no retiree pays during
life of agreement
b. Any changes in future health
benefit plans for retirees will be
negotiated
with the Union in the same manner as
that for actives and for future
retirees.
c. No current retiree will pay for
health coverage through the end of 2011.
d. No active employee who retires
during the term of this agreement will
pay
for health coverage through the end
of 2011.
e. Caps on the Company’s contribution
to the cost of retiree health coverage
in 2012 and after have been raised as
follows:
i. Prior to Age 65 and Medicare
Eligibility
1. Retiree Only: $12,580
2. Retiree + 1 25,160
3. Retiree + Family 31,450
ii. Age 65 and after and Medicate
Eligible
1. Retiree Only: $ 6,330
2. Retiree + 1 12,660
3. Retiree + Family 18,990
f. Employees hired after August 2,
2008 will be covered under a new retiree
health program.
i. Once they retire (under the same
eligibility requirements as currently
required), they will receive an annual
payment equal to $430 times years of
service (to a maximum of 30 years).
ii. The parties will negotiate this
amount in future years to reflect
changes in the cost of health
coverage.
12. Agreement to work for National
Health Care Reform and provide $2mn a
year during term of contract.
13. New Dispute Resolution for Faster
resolution of grievances
14. Savings and Security Plan
a. Add a Roth option to the 401(k)
plan
b. Allows investment of post tax
dollars with no taxes applied to
investment returns when assets are later
distributed.
15. Retiree Life Insurance
a. Company-paid retiree life
insurance benefits will be frozen at
one-times the wage level attained on
8/2/2008.
b. The minimum amount to be paid to
beneficiaries of retirees who retiree
after 8/2/2008 will be $20,000, even
after age 65.
16. Retirees who were hired after
8/2/2008 will be eligible for the
minimum $20,000
17. Commercial Issues
a. Collection
b. Jt Marketing Letter
c. Local Presence Centers
d. NJ collection office issues
18. Extend all existing District and
Local Agreements and adjust all dates.
19. CWA-NETT will discuss how to
publicize
20. Unique Regional Items
a. Scope agreement CWA D2
b. Contract Initiative Letter fixed
c. Job Share Language (North)
d. ACFC will outstanding pay current
bills $486K
e. Increase ACFC wage rate top wage
rate in contract
f. Supplemental Retiree Life
Insurance: five times implemented as
soon as possible

CWA/IBEW/Verizon Bargaining Report for
08-10-2008,4:45 p.m.
We have an agreement in principle with
Verizon; the committees are continuing
the document review of all contract
language now.
Thanks to all of our Members for all
mobilization efforts.