Conduent Severance Solution®

Generate savings through severance, while fulfilling your promise to employees

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When an organization faces the difficult decision of separating staff due to shifting goals, financial expectations, a major disruption like the COVID-19 pandemic or any other reason, it’s not easy for anyone. But an expertly constructed, tax advantaged severance solution can help organizations save money, while delivering 100% of base pay during the severance period.

Save money, reduce your administrative burden and redirect resources

Conduent’s Severance Solution® is a fully outsourced service that allows employers to redirect severance resources in higher-value ways.

The bottom line is more cash on hand to fund mission-critical expenses.

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How it works

Through the Supplemental Unemployment Benefit (SUB) Plan and Trust, organizations eliminate FICA taxes, creating after-tax benefits for former employees while reducing their tax liabilities as an employer — resulting in:

  • More equitable benefits across the population
  • Reduced windfall payments
  • Up to 40% savings for organizations

Turnkey services for easy plan management

We combine the expertise of tax and legal consultants, benefit advisors, administrators, customer care representatives and technology specialists to create a solution specific to your organization’s needs.

Count on our experience and technology to make difficult transitions easier.

Advantages of our solution:

  • Tax savings

  • Elimination
    of overpayments

  • Increased cash flow
    for new programs

  • Less administrative
    burden on your staff

  • Personalized,
    white glove support