Rethinking Workforce Reductions: Considering Voluntary Separation Programs

Voluntary separation programs can provide benefits to employees and employers alike, including, for the former, empowering workers to make informed decisions about their employment status and, for the latter, strategically reducing the workforce while mitigating litigation risk—but VSPs must comply with the Age Discrimination in Employment Act, Older Workers Benefit Protection Act, ERISA, and applicable state laws to achieve these goals.... By: Morgan Lewis