Relieving the Cost and Administrative Burdens of Severance Plans

Posted by 

Relieving the Cost and Administrative Burdens of Severance Plans

Today, Fortune 1000 companies are seeking cost-effective alternatives to traditional severance plans.  They are finding that a proven sixty year old concept, Supplemental Unemployment Benefit ("SUB-Pay") Plans, may provide the answers. A SUB-Pay Plan can relieve a company of both the cost and administrative burdens associated with severance plans, as well as help their former employees gain more net income and transition to new employment quicker than with a traditional severance plan.