At&t Inc. · NYSE:T
At&t — Investor Presentation
10 slides from At&t's investor presentation
Slide 1: Voluntary Termination Pay Offer (VTP)
Voluntary Termination Pay Offer VTP
Slide 2: Timeline/Critical Dates
Timeline/Critical Dates ¾Offer Notification Date ¾Close of Election Period ¾Notification of Acceptance ¾Exception Forms Due ¾Notification of Evening or Night Differential Forms Due ¾Off-Payroll Date
Slide 3: Eligibility
Eligibility ¾Regular Full or Part Time Employee ¾Permanently Assigned to Affected Title and GCA/RCA ¾Have at least 1 Year Net Credited Service (NCS) as of the Off-Payroll Date
Slide 4: Description of Offer
Description of Offer • This is a Voluntary program, offered at the Company’s discretion to certain titles in affected BOUs. • It may be offered at any time or run concurrently with a surplus declaration. • The offer is irrevocable at the close of the election period.
Slide 5: Description of Offer (continued)
Description of Offer (continued) • Acceptance of the offer will be based on seniority with the most senior volunteers being approved up to the CAP number designated for the title. • Term pay is based on the VTP payment schedule, (Article 25 or 43 of CBA) less any previous termination allowance.
Slide 6: Benefits
Benefits ¾Retirement Related Benefits ¾Medical ¾Dental ¾Basic Group Life Insurance ¾Non-Retirement Related Benefits ¾COBRA Coverage ¾Benefit Matrix
Slide 7: TLA
TLA ¾To be eligible you must be within 1 year of required age and/or service for pension- related benefits. ¾Service credit is not granted for the period of the TLA. ¾Pension based on age and service as of the last day on payroll. ¾Benefits provided during duration of TLA
Slide 8: Pension
Pension ¾Traditional Pension Plan ¾Annuity Based on Pension Band and NCS ¾Cash Balance Account ¾Lump Sum Payout ¾Annuity ¾Contact the Pension Service Center (PSC) to request commencement package. www.attpsc.com
Slide 9: Payments
Payments ¾Termination Payments ¾Stream (bi-weekly) ¾Two Equal Payments (CWA only) ¾Lump Sum ¾Vacation Payments ¾Lump Sum Only ¾Separate Check
Slide 10: Alliance
Alliance ¾Eligibility equal to the number of weeks received in termination pay. ¾$1650 pre-paid tuition per calendar year ¾Eligible for group sized, web based, and individually accessed programs. www.employeegrowth.com