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Give Your Severance Plan a Spring Cleaning
Morris, Manning & Martin, LLP 
Apr. 15, 2025 "Done correctly, severance plans reduce employer exposure to employment law issues and help employees with a soft landing. Done incorrectly, what was intended to be a tool to ease tensions can result in heightened anxiety, mistrust, and litigation.... [1] ERISA plan vs. non-ERISA payroll practice ... [2] Who is covered ... [3] What situations are covered ... [4] Retain flexibility ... [5] Follow plan terms ... [6] Communicate with participants." MORE >> |
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