What is an EISP/EIPP?
An EISP/EIPP is an offering made by the company, giving you the opportunity to volunteer to leave the service of the company. You should understand that your volunteering does not guarantee that you will be selected for the EISP offer. The employees with the most seniority will be selected first until the determined amount of surplus has been satisfied.
EISP/EIPP payment and additional benefits
$2,200 for each completed year of NCS, with a maximum of 30 yrs
Example: 30 yrs of service (30 x $2,200 = $66,000)
$10,000 voluntary termination bonus
$3,750 maximum expense allowance reimbursement
Source: Pension Plan for Mid-Atlantic Associates (01/2001)