ARE SEVERANCE PLANS ALSO ERISA PLANS?

Although they are not commonly ERISA Plans, it is possible for a severance policy to be an ERISA plan. These plans fall under Pension or Health & Welfare. If that is the case, then an SPD is required. Considering the rarity of the situation, we do not include the necessary language to support this; but should the employer determine that their plan falls under Title I of Health and Welfare plans, then the option is available of adding the language to the document.