Unpaid Leaves And Furloughs During The Pandemic

At a time of unprecedented stress in many sectors of the economy, some employers are looking to unpaid leaves of absence and furloughs as a way to reduce costs while maintaining a connection to employees who will be critical if and when they resume normal business operations. Unpaid leaves and furloughs present complex problems for employee benefit plans. This advisory provides a detailed look at some of the issues that arise with retirement plans, group health plans and other benefits, including life and disability insurance.