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What is Hardship Withdrawals for Sandy Victims about?

The Union signed an agreement with the company to allow members affected by Hurricane Sandy to access hardship withdrawals from the verizon Savings and Security Plan. The IRS relaxed rules to allow withdrawals by February 1, 2013 for those with a principal residence or place of employment in covered disaster areas on October 26, 2012. Members can initiate hardship withdrawals over the phone to the benefits center by making a verbal statement of need and amount. Withdrawals can be taken for any Sandy-related

Author

CWALocal1022

Language

EN