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March 19, 2018
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Unit 7 Meeting Collinsville
Mar 19, 2018
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Apr 11, 2018
1307 Butterfield Road Suite 422 Downers Grove, IL
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Oct 29, 2014 - AT&T Success Sharing Payout
Updated On: Jun 04, 2015

October 29, 2014

AT&T announced that eligible IBEW members employed by the company will receive a Success Sharing Plan (SSP) payout of $177. Information and Success Sharing payout eligibility can be found on page 153 of our 2013 Collective Bargaining Agreement with AT&T. 

The stock price appreciation for this year’s payout was measured from Oct. 1, 2013 at $34.06 to Sept. 30, 2014 at $35.24, for an increase of $1.18. Therefore, the calculation is 150 Success Units multiplied by the increase in stock price over the term ($1.18) — which equals $177. The 2014 SSP payment will be made on the Nov. 21, 2014 or Nov. 26, 2014 paycheck, depending on your payroll cycle.

In 2014, current eligible IBEW- AT&T employees do not receive the dividend portion of the SSP. During 2013 bargaining it was negotiated that the 2014 dividend portion would be paid to eligible retirees to offset costs associated with their retiree healthcare benefits. A payment of $300 was made to eligible retirees in January of this year. 

More SSP information can be found in our collective bargaining agreement by clicking here.

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