| Frequently
Asked Questions: |
Make sure you don't
settle for less! Every employment
situation is unique, but no situation
is “take it or leave it”.
We will assist you in negotiating your
compensation, benefits, and incentives
package. Don’t leave dollars,
benefits, and perks off the table!
Should I accept the retirement package
being offered?
Be very careful before you accept ANY
retirement pay, plan, or program! Your
retirement can be structured to provide
more beneficial tax treatment and better
opportunities for benefits, such as
gap health insurance. It depends
upon your situation as to how you should
receive retirement pay as there are
potential tax risks. In addition, payments
may impact your eligibility for incentive
compensation. Call us to see
how your retirement package should be
structured, so we can evaluate whether
your ultimate receipt of the funds should
be either lump sum payment, salary continuance,
or as periodic payments.
I don’t
think I can negotiate the retirement
package I received because the company
has established compensation ranges,
fixed benefits, and certain incentives/perks,
right?
Wrong! No retirement package
is a “take it or leave it”
situation. In fact, there are
federal laws, such as the Older
Workers’ Benefit Protection Act
(OWBPA) which require certain
provisions to be included in a retirement
agreement and should be negotiated.
You must consider Pension, equity/stock
option, 401(k) and Supplemental Executive
Retirement Programs (SERPs)
and most importantly, all vesting
issues. Don’t leave dollars, benefits,
and perks off the table!
Contact
us to be sure you
ask for everything you have earned and
deserve, such as the right amount of
compensation, perks, equity, deferred
compensation, benefits, and insurance
coverage which others are receiving
at retirement.
Free
Consultation! Call us to see if we can
assist you.
(877)
HRLAW-4U
(877) 475-2948
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