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Early retirement incentive plans (ERIP) “seek to give incentives to older employees to retire before conventional retirement age. The purpose of these programs is to cut back on salaries and benefits to make way for younger workers. Knowing the legal obligations allows an employer to craft their Early Retirement Incentive Programs to properly ensure a win-win for the company and the employees whenever possible. 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. The speaker will cover key areas including requirements
under the federal age discrimination in Employment Act and the Older Workers' Benefits Protection Act, the WARN Act, the Employee Retirement Income Security Act (ERISA) and also how to write an enforceable separation agreement and release, along with other practical tips.
Key Learning Objectives- ADEA/ Older Workers Benefit Protection Act and voluntary early retirement programs
- Identify the key factors in developing an effective and legally compliant, Early Retirement Incentive Program
- WARN Issues
- ERISA Issues
- Understand the steps necessary to implement an Early Retirement Incentive Program in your workplace
- Write an enforceable separation agreement and release
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 | Janette Levey Frisch
Janette is an attorney with more than 20 years legal experience. Janette works with employers on most employment law issues, acting as the Employer's Legal Wellness Professional - to ensure that employers are in the best position possible to avoid litigation, audits, employee relations problems, and the attendant, often exorbitant costs. Janette authors the firm's weekly blog and has written articles on many different employment law issues for many publications, including EEO Insight, Staffing Industry Review, @Law, and Chief Legal Officer. |
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