Loan & Distribution Specialist AimPoint Pension
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Regional Vice President of Sales The Retirement Plan Company
|
Compass
|
Bates & Company, Inc.
|
AimPoint Pension
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Is Your Company's Severance Arrangement Subject to ERISA?
Drinker Biddle Oct. 15, 2019 "Instead of formal severance plans, many companies have informal guidelines that are applied when an individual's employment is involuntarily terminated. These arrangements provide more flexibility than a formal plan ... It is less likely that a company will treat an informal severance arrangement as an ERISA plan. However, ... informal severance arrangements may be subject to ERISA and failure to recognize that ERISA applies could result in significant penalties." |
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |