Tuesday, July 28, 2009

Verizon Rumors Heating Up

We're starting to hear strong rumors of an EISP offer with an off-payroll date September 12th. The difference in retiring in September vs. October could be very significant from a lump sum standpoint, as the GATT rate seems to be on the rise.

Verizon reported its 2nd Quarter earnings today and plans to cut about 8,000 jobs during the second half of 2009.