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Partial Plan Terminations

Management teams should be aware that reductions in workforce ("RIFs"), while seemingly cost-cutting in nature, can actually yield the opposite result, and can cause unintended and costly consequences with respect to a firm's tax-qualified employee benefit plan.

15 minute read June 24, 2009 at 08:37 AM
By
Marcia S. Wagner
Partial Plan Terminations

As a result of the current economic downturn, scores of law firms have been forced to lay off large numbers of both legal and administrative employees.

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