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Providing an employee a great start on retirement includes making sure you get the paperwork done right. If one of your employees is approaching retirement, you can use an Employee Retirement... Read more
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Making an Employee Retirement Agreement
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What is an Employee Retirement Agreement?
Providing an employee a great start on retirement includes making sure you get the paperwork done right. If one of your employees is approaching retirement, you can use an Employee Retirement Agreement to establish the rights and responsibilities of both the employee and the company.
Use the Employee Retirement Agreement document if:
- You have an employee who will be retiring soon.
- You're preparing to meet with an attorney to make sure you're following the employee retirement income security act (ERISA).
- You're in HR and want to make sure you have all necessary documents for retiring employee on hand.
An Employee Retirement Agreement covers such key provisions as the date of retirement, severance benefits (including medical benefits), and the release of claims. Your retirement agreement with the employee may be subject to specific state laws, as well as the Employment Retirement Income Security Act (ERISA), so please consult a lawyer to make sure this document meets your specific needs.
Interested in learning more about essential employment forms? Check out our HR Guide for additional information.
Other names for this document: Employee Retirement Plan, Retirement Agreement
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