Special 1-Time Early Retirement Window

[PJ2009]

The client needs to reduce its work force due to economic factors and has decided to offer certain employees the opportunity to retire early with certain incentives, all of which are incorporated in a written agreement. The program is completely voluntary, in accordance with federal guidelines.

Does this arrangement need to be expressed in a formal written "plan document," or is the written agreement suffcient? Because this is voluntary and a one-time event, I don't believe additional writings are necessary, but would like other opinions.

Thanks much.