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Company Discretionary Offer of Voluntary Separation Agreements Did Not Create ERISA-Covered Severance Plan
Jackson Lewis P.C. July 18, 2017 "[T]he District Court found that having an administrative scheme by itself did not establish an informal ERISA-covered severance plan.... [T]he Court found that a reasonable person could not determine the class of intended beneficiaries, the intended benefits or the process to request VSA benefits. Accordingly, Quest did not create an informal ERISA plan." [Mance v. Quest Diagnostics Inc., No. 12-7361 (D.N.J. Feb. 21, 2017; unpub.)] |
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