Temp Lay-off Considerations – Sunday, March 29, 2020 5:39PM

If you provide health insurance or retirement benefits to your staff and are considering unemployment for any/all of your team, contact your health insurance provider and retirement administrator first to determine how the layoff may affect these benefits.  A temporary layoff may allow you to retain insurance benefits for your staff but do not assume so.  If they will be without health benefits, they would need to be informed.  Likewise with your retirement plan—a temporary layoff where the staff is rehired within the same plan year is likely to be permitted without negative repercussions, but do not assume.