All members who want to defer the Corporate Profit Sharing (CPS) Award into their Verizon Savings Plan, MUST make their selection between January 4, 2010 and February 5, 2010.
The deferral period ends at 5 pm on February 5, 2010.
All members who do NOT defer the CPS Award will receive payment on March 4 or 5, 2010 (depending on your regular payroll distribution date) in your regular pay check with regular savings plan deductions and taxes withheld, as applicable.
You may elect on line at http://netbenefits.fidelity.com, click on Access My Benefits, then enter your login ID and password. Click on savings plan, then under Act click on Contributions Amount, scroll down to Profit Sharing section and click on the Profit Sharing Election Link. You may also call the Verizon Savings Plan Service Center at 888-457-9333 from 8:30 a.m. through Midnight ET, Monday-Friday (except when the stock exchange is closed).
Any questions, contact your Steward.
