Should You 'ERISA-fy' Your Severance Plan?

Employers with severance plans need to know whether or not their plans are subject to the Employee Retirement Income Security Act of 1974 (ERISA). And if the employer finds that they are not, it may wish to consider amending the plans to bring them under ERISA.

5 minute read June 01, 2016 at 12:00 AM
By
John D. Shyer and Sandhya P. Chandrasekhar
Should You 'ERISA-fy' Your Severance Plan?

Employers with severance plans need to know whether or not their plans are subject to the Employee Retirement Income Security Act of 1974 (ERISA). And if the employer finds that they are not, it may wish to consider amending the plans to bring them under ERISA.

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