Success Sharing Payout – Clarification
November 3, 2012
On Thursday November 1, 2012 we sent a message to our members regarding AT&T’s Success Sharing Payout. It caused some confusion to those who are no longer employed by AT&T. Eligibility for the payout is as follows:
“Employees eligible for the payout are those regular, temporary and term employees who are on the payroll on both the beginning and ending dates of the award year and who work for a minimum of three (3) months within the award year in a position covered by the Collective Bargaining Agreement. Eligible employees who are on approved leaves of absence or short-term disability absence and meet the other eligibility requirements on the ending date of the award year shall receive a contribution, provided they return to duty on or before December 31 of the year in which the contribution is made.”
IBEW Local 21 members will receive a 2012 Success Sharing Payout of $1695 from AT&T. The payout will be deposited into employee’s HRA account by December 31, 2012. The deposit will go into every eligible member’s account, regardless if you have an HMO or one of the company sponsored plans.
To receive the payment employees must have STARTED their employment on or before 10/3/2011 and STILL BE ON AT&T’S PAYROLL on 9/28/2012 AND have worked at least three months during that timeframe.
More information on the Success Sharing plan can be found in Appendix A of our 2009 collective bargaining agreement with AT&T. View the 2009 AT&T Collective Bargaining Agreement by clicking here.
If you have any questions about your HRA account, you can contact SHPS at 877-358-0302 or online by clicking here.