Supplemental Unemployment Benefits (SUB) by TSI
Supplemental Unemployment Benefits (SUB) Plans are quickly gaining popularity across industries as a less costly alternative to severance. The IRS approved Plan structure works to simultaneously maintain the income of displaced employees while also generating significant savings for the organization compared to traditional severance, typically 30-45%. This presentation gives a general overview of how a SUB Plan is structured and administered, and demonstrates two examples of real savings achieved by organizations that switched from traditional severance to SUB.
Supplemental Unemployment Benefits (SUB) Plans are quickly gaining popularity across industries as a less costly alternative to severance. The IRS approved Plan structure works to simultaneously maintain the income of displaced employees while also generating significant savings for the organization compared to traditional severance, typically 30-45%. This presentation gives a general overview of how a SUB Plan is structured and administered, and demonstrates two examples of real savings achieved by organizations that switched from traditional severance to SUB.
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