Outten & Golden attorneys review and negotiate various retirement-related exit packages or agreements that bridge an employee through retirement. Additionally, we review various retirement plans to help employees understand their rights and entitlements upon retirement.
Retirement benefits, including pensions and other benefits provided through an employer's retirement plan, are compensation arrangements for employees who have worked a certain number of years, attained a certain minimum age, and are no longer earning a regular income from employment. Retirement plans may be set up by employers, insurance companies, the government, or other institutions such as employer associations or trade unions. Once employees decide to retire, they may be able to benefit from employer-provided retiree health insurance, full vesting of their equity compensation, or a payout of their retirement savings account or 401(k).