January 21, 2020 | Comments Off on NJ On the Verge of Requiring Severance Benefits for Employees During Mass Layoffs
Posted by Ari Burd
Co-Authored by Jeri Abrams
Governor Murphy is expected to sign a bill which will require large employers (100 or more employees) to offer severance during mass layoffs. Mass layoffs mean the termination of 50 or more employees, including both part-time and full-time employees. For those employers with more than 100 employees, some of the significant changes proposed by this law include:
The law also appears to broaden the definition of an “employer” so that it would include those responsible for the layoff, including those that own the employing entity.
Once signed into law, we will provide a follow up with a more detailed analysis.