Voluntary Retirement Agreement

It is essential that the agreement complies with all relevant labor laws and regulations to protect both the employer’s and the employee’s interests. The document should be crafted with precise language to avoid ambiguity, ensuring that the terms are enforceable and the rights of the retiring employee are preserved. Prior to execution, it is advisable for both parties to seek legal counsel to review the agreement’s provisions. A well-structured VRA benefits the employer by allowing for strategic workforce planning and can offer the employee a dignified exit with agreed-upon financial security.