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Early Retirement Incentives: Navigating the Legal Issues

Lorman Education Services

Aug. 10, 2017
Recorded Online
Webcast

1:00 - 2:30 pm EST

Learn how to structure a legally sound early retirement incentive plan.

Workforce reductions can be both difficult and tricky. Employers seeking an alternative to involuntary reductions in force often consider alternatives to reducing their workforce, including voluntary Early Retirement Incentive Programs. When crafting an Early Retirement Incentive Program, however, employers must be careful to ensure that they are complying with their legal obligations - including in particular obligations and requirements under the Age Discrimination in Employment Act (ADEA), which provides a ‘safe harbor' for voluntary Early Retirement Incentive Programs. Employers also have a vested interest in ensuring that any Separation Agreement and Release of Claims associated with their Early Retirement Incentive Programs is both legally-compliant appropriately tailored to the company's needs.

This topic will focus on the primary factors and steps associated with considering, developing and implementing an effective - and legally-compliant - Early Retirement Incentive Program. Join us to learn the pros and cons of implementing a voluntary Early Retirement Incentive Program in your workplace, and the practical steps to doing so without running afoul of the ADEA. We will provide you not only with the legal framework necessary to understand the risks and your company's obligations, but also with practical considerations on structuring eligibility criteria, incentive options, timelines and procedures for rolling out the program, and crafting an effective - and, most importantly, legally-enforceable - Separation Agreement and Release of Claims.

Learning Objectives

  • You will be able to recognize the primary legal compliance considerations associated with Early Retirement Incentive Programs under the Age Discrimination in Employment Act.
  • You will be able to identify the key factors in developing an effective - and legally-compliant - Early Retirement Incentive Program.
  • You will be able to explain the steps necessary to implement an Early Retirement Incentive Program in your workplace.
  • You will be able to discuss crafting a legally-enforceable and appropriate separation agreement.

Continue by clicking on the following link:
http://www.lorman.com/training/early-retirement-incentives-navigating-the-legal-issues?affiliate=benefitslink&p=16054&c=99

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