Strategic Early Retirement Incentives

Law360, New York (March 15, 2010, 2:38 PM EDT) -- During this time of recession, many American businesses and public entities are considering reducing their work force to save costs. Early retirement incentives (“ERI”) or “golden handshakes” provide an avenue for the employer to reduce payroll costs over the long run, while providing an attractive and economically feasible way for eligible employees to retire. But while an employer may think ERIs are a win-win, ERIs can result in costly litigious woes.

Since ERIs are geared toward older workers, if they are not structured properly, they may...
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