Primer on Severance Plans Under ERISA and the Tax Code
By EsqSocial Corporation 29/06/21
Many employers maintain formal or informal severance policies or practices that they use sporadically. Other employers may implement a severance program for a limited period of time to reduce the number of employees overall or within a work classification or location. All employers should be mindful that these policies, practices, and programs may be subject to requirements under the Employee Retirement Income Security Act of 1974 (“ERISA”) and, without careful planning, the rules for deferred...
By: Verrill