Save with SUB Plans: Supplemental Unemployment Benefit Plans Can Save Employer Severance Dollars

The economic and financial consequences of the ongoing COVID-19 crisis have forced some employers to furlough and lay off workers, resulting in record numbers of individuals claiming state unemployment benefits. As a result, an increasing number of employers are considering implementing supplemental unemployment benefit plans (SUB-Pay Plans) to provide additional benefits to discharged employees through a mechanism that can maximize employer savings.

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