One thought on “What can't a SUB plan provide for?

  1. Arti says:

    Laid-off employees are required to file a claim with the unemployment insurance office in the state where they worked. When a company is downsized, it can be costly for the employer to pay out a lump sum to laid-off employees, therefore a SUB plan allows them to contribute to the fund over time and minimize the financial impact on the company. Employees can be furloughed until the company for which they work reopens. Supplemental unemployment benefits last until the employee is rehired or finds alternative work. Termination for cause or resignation.

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