Which of the following is true of early retirement programs?
A) Early retirement programs are part of a company's strategy to lay off employees.
B) Eligibility for early retirement is usually based on age and years of service.
C) It is good to exclude the early retirement program from the employee benefit plan.
D) It is mandatory for the chosen employees to accept early retirement, that is, it is involuntary.

Question

Quizplus · Accepted Answer

Early retirement programs are typically offered to encourage older employees to retire early, creating job opportunities for younger employees. Eligibility for early retirement is usually based on a combination of age and years of service with the company. It is not mandatory for employees to accept early retirement, and it is not typically used as a strategy to lay off employees. It is generally included as part of the employee benefit plan.

Which of the Following Is True of Early Retirement Programs