The COVID-19 pandemic is presenting daily challenges for business leaders, who must balance the interests of their employees with those of the business at-large. As a result, employers are considering options to better assist employees who are negatively impacted by workforce reductions and furloughs.
This webinar will discuss the financial advantages of Supplemental Unemployment Benefit (SUB) plans – for both employers and employees, CARES Act implications, and best practices for managing the separation process and administration.
- Review objectives / intent of severance plans
- New approaches to severance plan designs
- The benefits of tax-advantaged severance plans
- CARES Act implications on separations and furloughs
- Financial impact and case study examples
- Best practices in separation administration
EA, MAAA, FCA, National Practice Leader Severance Solution & Kinetic Application Technology (KAT)
Phil Parker is a Technology Product Manager in the Client Technology Services Practice, the National Practice Leader for the Severance Administration practice as well as the Kinetic Application Technology practice leader. He has been with Conduent for 30 years, working as an actuarial consultant for health and welfare, defined benefit, and defined contribution plans for clients of all sizes and for the past 19 years Phil has been working on product development, customized Web-based solutions, administrative tools, and the development of decision support tools to support Conduent’s administration systems. He has extensive experience in customized software development, including online data collection tools, online enrollment tools, online retirement modeling programs, online administration systems, online asset/liability modeling sites, and online choice modeling campaigns. Since 2001 Phil has implemented more than 400 customized Web-based software solutions for clients ranging in size from 72 to over 200,000 employees.
Manager, Technical Business Analysis, Severance Solution & Kinetic Application Technology (KAT)
Samantha Blattler is a Manager of Technical Business Analysis for the Kinetic Application Technology (KAT) and Severance Solution team. She manages the implementation, ongoing administration and processing of customized web-based technology solutions for HR administrators and employee users, with emphasis in support and enhancement of HR functionality and employee engagement. Solutions include administration systems, interactive retirement modeling, non-qualified plan enrollment and modeling, pension choice/change modeling and decision support tools.