How to find out your Verizon retirement benefits?

How to find out your Verizon retirement benefits?

Retiree information 1 Finances. Financial management is important to financial security. 2 Employment verification. To obtain verification of your previous Verizon employment, please go to The Work Number or call 1-866-604-6572 (former employees) or 1-800-367-5690 (verifiers). 3 Discounts. Everyone appreciates a good discount. …

What happens when you take a lump sum pension payment?

Lump Sum Payments. A lump sum distribution is a one-time payment from your pension administrator. By taking a lump sum payment, you gain access to a large sum of money, which you can spend or invest as you see fit.

How does Verizon pay for Social Security and Medicare?

If you are enrolled in Medicare Part B coverage, monthly premiums are deducted from your Social Security check. In some cases, Verizon reimburses you for a portion of these premium costs. If you are eligible, the Verizon Benefits Center will automatically enroll you for reimbursement once you become eligible for Medicare.

How to check if you are a former Verizon employee?

Employment verification To obtain verification of your previous Verizon employment, please go to The Work Number or call 1-866-604-6572 (former employees) or 1-800-367-5690 (verifiers). You will need the Verizon company code 10303. If this request is for a former Verizon Wireless employee, please use company code 11708.

Retiree information 1 Finances. Financial management is important to financial security. 2 Employment verification. To obtain verification of your previous Verizon employment, please go to The Work Number or call 1-866-604-6572 (former employees) or 1-800-367-5690 (verifiers). 3 Discounts. Everyone appreciates a good discount.

What does it mean to get a lump sum pension?

Increasingly, employers are making available to their employees a one-time payment for all or a portion of their pension. This is known as a lump-sum payout option. If you choose a lump-sum payout instead of monthly payments, the responsibility for managing the money shifts from your employer to you.

If you are enrolled in Medicare Part B coverage, monthly premiums are deducted from your Social Security check. In some cases, Verizon reimburses you for a portion of these premium costs. If you are eligible, the Verizon Benefits Center will automatically enroll you for reimbursement once you become eligible for Medicare.

Employment verification To obtain verification of your previous Verizon employment, please go to The Work Number or call 1-866-604-6572 (former employees) or 1-800-367-5690 (verifiers). You will need the Verizon company code 10303. If this request is for a former Verizon Wireless employee, please use company code 11708.