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HOW IT WORKS
How it works
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.
An Employee Retirement Agreement covers such key provisions as the date of retirement, severance benefits (including medical benefits), and the release of claims. Your 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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