Professional Documents
Culture Documents
Dear ,
Thank you for attending the recent virtual townhall meeting. As you heard, the Firm has decided
to offer, on a one-time basis, a voluntary enhanced retirement offer to eligible On-Site Technology
Support (“OSTS”) personnel, called the voluntary Enhanced Retirement Offer (“ERO”). Eligible
personnel who choose to participate in the voluntary ERO will retire in exchange for certain
benefits, contingent upon signing a Separation Agreement and General Release of claims. You
meet the eligibility criteria for the voluntary ERO. As an eligible person, you can accept the ERO
with a retirement date of no later than April 16, 2021, or such other date designated by the Firm
in its sole discretion (the “Resignation Date”).
The Firm’s enhanced retirement offer under the voluntary ERO includes pay based upon a
standard severance formula in accordance with Firm policy (with a minimum 4 weeks and
maximum of 12 weeks based on years of service), or for those with an employment agreement,
severance in accordance with that agreement, plus an additional 26 weeks of severance. If you
currently receive group medical coverage, the Firm will extend any current subsidized medical
coverage for which you (and/or your eligible dependents who currently receive group medical
coverage) are enrolled for up to nine months after your Resignation Date, or until you reach age
65, whichever comes first, at your current cost.
You will also receive an additional retirement plan contribution equivalent to three times the 2020
contribution made by the Firm on your behalf. The additional retirement plan contribution will
be added to the calculation of your pension benefit under the rules governing the Ernst & Young
Defined Benefit Retirement Plan (the “DB Plan”). In accordance with the rules governing the
DB Plan, you may elect to receive your pension benefit in a lump sum or you may elect one of
the monthly annuity forms of payment. Outplacement services will be provided by Lee Hecht
Harrison. The details of the severance package are contained in the documents that are enclosed
with this letter: (i) the Separation Agreement and General Release and (ii) the Election Form.
What you need to do first if you want to accept the voluntary ERO
To participate in the voluntary ERO and receive the benefits described above (and set forth in
further detail in the enclosed documentation), you must sign and return the Election Form by
scanned PDF to ero@ey.com no later than March 15, 2021.
Signing the Separation Agreement and General Release is the second step of this process.
In order to qualify to receive the ERO benefits, you must sign and return the enclosed Separation
Agreement and General Release by scanned PDF to ero@ey.com , after the Election Form is
submitted, no earlier than your Resignation Date and no later than 3 business days after your
Resignation Date.
The ERO is completely voluntary. OSTS personnel who are eligible for the voluntary ERO and
decline it will continue their at-will employment with EY.
We recognize that this is a lot of information, so please review everything very carefully and
leverage the resources being made available to aid in making your decision. Regardless of what
you choose, we value your contributions and support your decision.
Sincerely,
Katheryn Herrington
Global On-site Technology Support Leader
If you elect to accept the voluntary Enhanced Retirement Offer (“ERO”) offering from Ernst &
Young U.S. LLP (“EY” or the “Firm”), this Election Form must be completed, executed, and
returned to by scanned PDF to ero@ey.com, by no later than 5:00 p.m. E.S.T. on March 15,
2021, although you may submit it before that date. If you do not timely return this Election
Form, you will be deemed to have declined the enhanced retirement incentive offering under the
ERO, and you will not receive the ERO benefits as set forth in the Separation Agreement and
General Release (the “Agreement and Release”). The Agreement and Release must be signed
and submitted at a later date, as instructed in that document.
___ YES, I accept the voluntary enhanced retirement incentive offering under the ERO and
voluntarily resign my employment with the Firm. I understand that my employment with
the Firm will terminate on April 16, 2021 or such other earlier date designated by the
Firm in its sole discretion (my “Resignation Date”). I understand that if I timely sign and
return this Election Form (no later than March 15, 2021), and timely sign and return the
Agreement and Release, I will receive my base salary through my Resignation Date and
benefits through the last day of the month of my Resignation Date. Provided that I
complete the steps the above, do not revoke the Agreement and Release, and satisfy all
other conditions in the Agreement and Release, I will then be eligible to receive the
benefits described in the Agreement and Release. I am signing and submitting this
Election Form voluntarily and of my own free will.
_____________________________________________________ ______________________
Employee Signature Date
This Separation Agreement and General Release (“Agreement and Release”) is entered
into by _______ (“You” or “Your”) and Ernst & Young U.S. LLP and its affiliates and related
entities (collectively referred to as the “Firm”).
WHEREAS, (a) the Firm has established the voluntary Enhanced Retirement Offer
(“ERO”); (b) You have elected to participate in the ERO; (c) Your participation in the ERO is
conditioned upon Your execution of this Agreement and Release no earlier than Your
Resignation Date and no later than 3 business days after the Resignation Date (or, if later, the
45th day after Your receipt of this Agreement and Release); (d) You had at least 45 days to
consider the terms of the ERO and this Agreement and Release; and (e) Your last day of
employment with the Firm is April 16, 2021, or such other earlier date designated by the Firm in
its sole discretion (the “Resignation Date”).
NOW, THEREFORE, in exchange for and in consideration of the mutual promises set
forth in this Agreement and Release, it is agreed as follows:
1. The Resignation Date shall be the last date of Your employment for purposes of participation
in and coverage under all benefit plans and programs sponsored by or through the Firm, except
as otherwise provided herein. By signing this Agreement and Release, not revoking this
Agreement and Release as described below, and otherwise complying with all the terms and
conditions of this Agreement and Release, You are electing to receive the voluntary retirement
benefits described in paragraph 2 below (the “Resignation Benefits”).
2. In exchange for signing this Agreement and Release and releasing and waiving all claims that
You may have against the Firm and/or other Released Parties (as defined below), and Your
compliance with all of the other terms and conditions of this Agreement and Release, You
shall receive the following Resignation Benefits:
a. Severance pay based upon a standard severance formula in accordance with Firm
policy (with a minimum 4 weeks and maximum of 12 weeks based on years of
service), or for those with an employment agreement, severance in accordance with
that agreement, plus an additional twenty-six (26) weeks of base pay. The total
severance You will receive is reflected in Exhibit B hereto, which You acknowledge
and agree exceeds any payment, benefit, or other thing of value to which You might
otherwise be entitled. Such severance pay shall be made in a lump sum payment,
subject to applicable tax withholdings and payroll deductions, within 30 days
following the Effective Date of this Agreement and Release. An IRS Form W-2 shall
be issued to You at the appropriate time for this payment.
b. If You, as of Your Resignation Date, received group medical coverage under the
Firm’s group health plan, the Firm will extend any current subsidized medical
coverage for which You (and/or Your eligible dependents who currently receive group
medical coverage) are currently enrolled for the lesser of nine months after the last
day of the month of Your Resignation Date, or until the end of the month that you turn
age 65, on the same terms and conditions as in effect for similarly situated active
c. You will receive an additional contribution to the Ernst & Young Defined Benefit
Retirement Plan (the “DB Plan”) equivalent to three times the 2020 contribution made
by the Firm on Your behalf, as reflected on Exhibit B. The additional DB Plan
contribution will be added to the calculation of Your pension benefit under the rules
of the DB Plan. In accordance with the rules governing the DB Plan, You may elect
a lump sum of Your pension benefit or select one of the monthly annuity forms of
payment as of the Resignation Date or defer payments until retirement age.
d. The Firm will provide You with 2 months of outplacement services provided by Lee
Hecht Harrison, at a level and in a manner determined by the Firm, which You must
commence within ninety (90) days of the Resignation Date.
3. You understand and agree that the Resignation Benefits provided for in this Agreement and
Release are in excess of those to which You are, or in the future may be, entitled to receive
from the Firm or Released Parties (as defined in paragraph 5 below), and that such severance
and other benefits are being provided to You in consideration of Your acceptance and
execution of, and in reliance upon Your representations in, this Agreement and Release.
4. You will not receive Resignation Benefits of any kind from the Firm or Released Parties (as
that term is defined in paragraph 5 below) other than as set forth in this Agreement and
Release, and You expressly acknowledge and agree that You are not entitled to any additional
compensation, payments or benefits.
5. In exchange for the severance pay and benefits provided in paragraph 2 of this Agreement
and Release, You hereby release the Firm (including any EY Global Member Firm), its
predecessors, successors, assigns, transferees, benefit plans, present and former partners,
principals, employees, attorneys, and/or agents, whether acting on behalf of the Released
Parties or in their individual capacities (collectively, the “Released Parties”), from any and all
actions, causes of actions, claims and/or charges of any kind, whether known or unknown, up
until the date of Your execution of this Agreement and Release. Without limiting the
generality of the foregoing, You expressly waive and release any and all claims You may
have under the Americans with Disabilities Act, the Age Discrimination in Employment Act
and/or the Older Workers’ Benefit Protection Act (29 U.S.C. §621, et seq.), Title VII of the
Civil Rights Act of 1964 (42 U.S.C. §2000(e) et seq.), the National Labor Relations Act
(“NLRA”), the Family and Medical Leave Act (“FMLA”), the Vocational Rehabilitation Act
of 1973, the Lilly Ledbetter Fair Pay Act of 2009, the Consumer Fair Credit Reporting Act,
the Sarbanes-Oxley Act of 2002, the Dodd-Frank Wall Street Reform and Consumer
Protection Act, or the Employee Retirement Income and Security Act of 1974, all as amended,
claims under any of the state or local laws, rules or regulations set forth on Exhibit C or any
other claims of discrimination or retaliation in employment (whether based on federal, state
or local law or regulation, statutory, decisional, or under the common law), on any basis,
6. For the purpose of implementing a full and complete release and discharge of claims, You
expressly acknowledge that this Agreement and Release is intended to include in its effect,
without limitation, all the claims described in the preceding paragraphs, whether known or
unknown, apparent or concealed, and that this Agreement and Release contemplates the
extinction of all such claims, including claims for attorneys’ fees and the like. You expressly
waive any right to assert after the execution of this Agreement and Release that any such
claim, demand, obligation, or cause of action has, through ignorance or oversight, been
omitted from the scope of the Agreement and Release.
7. Notwithstanding the complete waiver set out in paragraph 5 above, nothing in this
Agreement and Release shall affect or limit any vested rights or benefits You may have under:
(i) any employee benefit or pension plan of the Released Parties; (ii) workers’ compensation
law; (iii) unemployment insurance program; or (iv) Section 7 of the National Labor Relations
Act. You understand that nothing in this Agreement and Release is meant to waive claims
that cannot be waived as a matter of law or claims that arise after You sign this Agreement
and Release.
8. Nothing in this Agreement and Release shall be construed to prevent You from responding
truthfully to a valid subpoena, from filing a charge with, or participating in any investigation
conducted by, a governmental agency including the Equal Employment Opportunity
Commission, the Securities and Exchange Commission and/or any federal, state or local
regulatory or human rights agency. By virtue of the foregoing, You agree that You have
waived any damages and other relief available to You (including, without limitation,
monetary damages, equitable relief and reinstatement) with respect to any claim or cause of
action released in paragraph 5 above. Therefore, You agree that You will not seek or accept
any award or settlement from any source or proceeding (including but not limited to any
proceeding brought by any other person or by any government agency) with respect to any
claim or right waived in this Agreement and Release; provided, however, that nothing
contained herein shall preclude You from receiving a monetary award from the Securities and
Exchange Commission pursuant to the Dodd-Frank Wall Street Reform and Consumer
Protection Act, 15 U.S.C. §78u-6, or from any other similar provision of law.
9. Nothing contained in this Agreement and Release shall be deemed to constitute an admission
or evidence of any wrongdoing or liability on the part of the Firm or Released Parties, nor of
any violation of any federal, state or municipal statute, regulation or principle of common law
or equity.
10. You acknowledge that, during the course of Your employment with the Firm, You had access
to confidential information and intellectual property of the Firm (including, without
limitation, trade secrets, passwords, confidential client information, financial information,
personnel and policy information) and agree that You have a continuing obligation to maintain
Non-compliance with the non-disclosure provisions of this Agreement and Release shall not
subject You to criminal or civil liability under any Federal or State trade secret law for the
disclosure of a Firm trade secret: (i) in confidence to a Federal, State or local government
official, either directly or indirectly, or to an attorney in confidence solely for the purpose of
reporting or investigating a suspected violation of law; (ii) in a complaint or other document
filed in a lawsuit or other proceeding, provided that any complaint or document containing
the trade secret is filed under seal; or (iii) to an attorney representing You in a lawsuit for
retaliation by the Firm for reporting a suspected violation of law or to use the trade secret
information in that court proceeding, provided that any document containing the trade secret
is filed under seal and You do not disclose the trade secret, except pursuant to court order.
11. The terms and conditions of this Agreement and Release are confidential and You agree that
You will not disclose to any other person or entity the terms and conditions of this Agreement
and Release without the prior written consent of the Firm, except: (i) as may be required
pursuant to a valid subpoena, at the request of a government agency in connection with any
investigation it is conducting or as otherwise required by applicable law; (ii) permitted by
paragraph 8 above; or (iii) to Your spouse or equivalent, accountant, financial advisor(s) and
Your attorney, provided that You first inform them of the confidentiality of this Agreement
and Release and they agree to maintain its confidentiality. You agree to use reasonable efforts
to give written notice to the Firm of any and all attempts to: (x) compel disclosure of this
Agreement and Release; or (y) require You to testify in any matter concerning the Firm and/or
Released Parties. You shall use reasonable efforts to provide such written notice at least five
(5) days before compliance with any subpoena or order, but if the subpoena or order requires
compliance within less than five (5) days, You shall use reasonable efforts to provide such
written notice, or, if impractical, shall provide telephonic notice, within one (1) business day
after receiving notice that an attempt will be or has been made to compel Your testimony.
12. You have returned (or will return no later than 5 days after Your Resignation Date) to the
Firm all property belonging to the Firm and/or the Released Parties, including but not limited
to: laptop, cell phone, keys, card access to the building and office floors, phone card,
American Express Corporate card, computer user name and password, disks and/or voicemail
code. You further acknowledge and agree the Firm shall have no obligation to make the
payment(s) and benefits referred to in paragraph 2 above unless and until You have satisfied
all Your obligations pursuant to this paragraph.
14. You agree that You will cooperate with the Firm and/or any of the Released Parties and its or
their counsel in connection with any investigation, administrative proceeding or litigation
relating to any matter in which You were involved or of which You have knowledge as a
result of Your employment with the Firm. If You are subpoenaed by any person or entity
(including, but not limited to, any government agency) to give testimony or provide
documents (in a deposition, court proceeding or otherwise) which in any way relate to Your
employment by the Firm and/or the Released Parties, You will give prompt notice of such
request to Andrea H. Stempel, Associate General Counsel, by email at
Andrea.Stempel@ey.com and by mail at 5 Times Square, 36th Floor, New York, NY 10036.
15. You waive any right to re-hire or future employment with the Firm. Nor shall you serve as
an independent contractor to the Firm. You agree that you will not apply for employment with
the Firm, and if you do so, it would be a breach of this Agreement and Release. You further
waive any right to recover damages, monetary or otherwise, pursuant to any charge, claim or
action based on any refusal by the Firm to hire you, and any such refusal may not be used as
evidence of or constitute a violation of any federal, state or local law or regulation, or a breach
of any obligation imposed under statutory or common law.
16. You agree and understand that any material violation of this Agreement and Release by You
shall be a breach of this Agreement and Release and, in response, the Firm may cease, or if
paid recover, all payments and benefits required to be made to You under this Agreement and
Release. In the event of a breach of this Agreement and Release, the Firm also reserves the
right to seek any and all other relief that may be available to it in a court of competent
jurisdiction.
17. This Agreement and Release shall be construed and enforced in accordance with the laws of
the State of New York without regard to the principles of conflicts of law. All disputes
concerning or arising out of the Agreement and Release, including disputes regarding the
enforcement of the Agreement and Release, shall be resolved through the Firm’s Common
Ground Dispute Resolution Program.
18. If any provision of this Agreement and Release shall be held by a court of competent
jurisdiction to be illegal, void, or unenforceable, such provision shall be of no force and effect.
However, the illegality or unenforceability of such provision shall have no effect upon, and
shall not impair the enforceability of, any other provision of this Agreement and Release;
provided, however, that, upon a finding by a court of competent jurisdiction that the release
and covenants provided for in paragraph 5 are illegal, void, or unenforceable, You agree, at
19. This Agreement and Release sets forth the entire agreement between You and the Firm
regarding Your termination from employment with the Firm, and supersedes any and all prior
understandings or agreements, whether written or oral, pertaining to Your termination from
employment from the Firm, other than Your obligation not to retain or disseminate the Firm’s
confidential information, which survives the termination of Your employment relationship.
No other promises or agreements shall be binding unless in writing and signed by both the
Firm and me after the Effective Date of this Agreement and Release.
20. You acknowledge that You: (a) have carefully read this Agreement and Release in its
entirety; (b) have been given and have had an opportunity to consider the terms of this
Agreement and Release and the disclosure information attached hereto as Exhibit A for
at least forty-five (45) days; (c) are hereby advised by the Firm in writing to consult with
an attorney of Your choice in connection with this Agreement and Release; (d) fully
understand the significance of all of the terms and conditions of this Agreement and
Release; and (e) are signing this Agreement and Release voluntarily and of Your own
free will and You agree to abide by all the terms and conditions contained herein. You
further agree that any changes to this Agreement, material or otherwise, do not re-start
the running of the original forty-five (45) day period.
21. You may accept this Agreement and Release by signing it and delivering it to ero@ey.com,
no earlier than Your Resignation Date and no later than three (3) business days after the
Resignation Date (or, if later, the forty-fifth (45th) day after Your receipt of this Agreement
and Release). Once You have timely signed this Agreement and Release, You then will be
permitted to revoke this Agreement and Release at any time during the period of seven (7)
days (or fifteen (15) days for employees located in Minnesota) after You sign it (the
“Revocation Period”). In order to be effective, written notice of such revocation within the
Revocation Period must be provided to ero@ey.com. Provided that You timely sign this
Agreement and Release and do not revoke it in accordance with this paragraph, this
Agreement and Release will be effective and enforceable immediately upon expiration of the
applicable Revocation Period (the “Effective Date”), and only then will You become a
participant in the ERO. The Firm is not obligated to provide the consideration set forth in this
Agreement and Release until the Revocation Period has expired without exercise of Your
right to revoke the Agreement and Release. In the event that You fail to execute and return
this Agreement and Release on a timely basis, or that You execute and then revoke this
Agreement and Release, You shall not be a participant in the ERO, and the Agreement and
Release shall immediately become null and void and the Firm will have no obligation to
provide the Resignation Benefits set forth in paragraph 2.
22. This Agreement and Release may be executed in counterparts, each of which when executed
shall be deemed to be an original and all of which together shall be deemed to be one in the
same instrument.
_____________________________ _________________________
________________ Date
REQUIRED DISCLOSURE
Ernst & Young U.S. LLP (the “Firm”) has made the decision to offer a voluntary early retirement
incentive program called the Enhanced Retirement Offer (“ERO”). Those considered for the
voluntary ERO, and who therefore compose the “Decisional Unit,” include all US personnel
within the On-Site Technology Support (“OSTS”) function who, as of April 16, 2021, are: (1) at
least 55 years of age with at least 10 years of service; or (2) at least 50 years of age where their
combination of age and service totals at least 75; or (3) at least 65 years of age (regardless of
years of service); or (4) are within three years of milestones (1), (2), or (3). Any personnel who
voluntarily retired on or after August 21, 2020 but otherwise meet the foregoing criteria were also
considered.
All personnel in the Decisional Unit who were offered the opportunity to resign and who are not
on long-term disability leave as of the date of this Disclosure Statement, are marked below as
“Eligible Employees” who are eligible for the voluntary ERO and may receive severance and
other benefits provided that they elected to participate in the voluntary ERO and execute, do not
revoke and comply with all the terms and conditions of the Separation Agreement and General
Release (“Agreement and Release”).
Below are the departments, job titles and ages (all as of April 16, 2021) of the personnel in the
Decisional Unit who are eligible and not eligible to resign their employment and participate in
the voluntary ERO in accordance with the Agreement and Release.
__________
Based upon a separation date of April 16, 2021 (“Resignation Date”), You will receive
the following:
1) An additional contribution to the Ernst & Young Defined Benefit Retirement Plan (the
“DB Plan”) on Your behalf in the estimated amount of $, which represents 3 times the
estimated 2020 contribution made on Your behalf to the DB Plan. You will also receive
the prorated contribution covering any of employment period during 2021 up to and in-
cluding the Resignation Date in accordance with the DB Plan.
3) If You, as of Your Resignation Date, currently receive group medical coverage, the Firm
will extend any current subsidized medical coverage for which You (and/or Your eligible
dependents who currently receive group medical coverage) are enrolled for the lesser of
nine months after Your Resignation Date, or until the end of the month that You turn age
65, on the same terms and conditions as in effect for similarly situated active employees
of the Firm during such period of extended coverage. You will be billed for the employee
portion of the premium by Better You on a monthly basis. Following the period of
extended coverage, You (and Your eligible dependents) may be able (if eligible) to
continue group health plan coverage in accordance with the Ernst & Young Medical Plan
for Certain Retirees Not Eligible for Medicare until the earlier of the end of the month that
you turn age 65 or you decline coverage under that plan.
4) The Firm will provide You with 2 months of outplacement services provided by Lee Hecht
Harrison, at a level and in a manner determined by the Firm, which You must commence
within 90 days of Your Resignation Date.
You also agree that you shall waive any and all actions, causes of action, claims and/or charges
of any kind, whether known or unknown, that You may have had up through the date of your
signature on this Agreement, under any of the following state or local laws, rules or regulations,
all as amended:
Any claim under the Arizona Wage Act (A.R.S. §§23-350 to 23-362); the Arizona Civil Rights
Act (A.R.S. §§41-1402 to 41-1405); the Arizona Employment Protection Act (A.R.S. §§ 23-1501
to 23-1502); Arizona Equal Pay (A.R.S. §§ 23-341, et seq.); Arizona Occupational Health and
Safety Act (A.R.S. §§23-401 to 23-433); Arizona Right to Work (A.R.S. §§ 23-1301 to 23-1307);
Arizona Drug Testing of Employees Act (A.R.S. 23-493 to 23-493.12); Arizona Medical
Marijuana Act (A.R.S. §§ 36-2801 to 36-2819); Arizona Whistleblower Protection Act (Ariz.
Rev. Stat. Ann. §§ 38-531 et seq.); Arizona Whistleblower Laws (Ariz. Rev. Stat. Ann. §§ 23-
418, 23-425); Arizona AIDS Testing & Confidentiality Laws (Ariz. Rev. Stat. Ann. § 36-661 et
seq.); Arizona Genetic Testing Laws (Ariz. Rev. Stat. Ann. §§ 12-2801 et seq.; 20-448.02);
Arizona Payment of Wages Laws (Ariz. Rev. Stat. Ann. § 23-350 et seq.); Arizona Drug Testing
Law (Ariz. Rev. Stat. Ann. § 23-493 et seq.); Arizona Law for the Protection of the Political
Activities of Employees (Ariz. Rev. Stat. Ann. § 16-1012); Arizona Minimum Wage Law (Ariz.
Rev. Stat. Ann. § 23-363); Arizona Occupational Safety & Health Act (Ariz. Rev. Stat. Ann. §
23-403); Arizona Hours of Labor Laws (Ariz. Rev. Stat. Ann. § 23-281 et seq.); all as amended;
any claim under the Colorado Anti-Discrimination Act (C.R.S. §§ 24-34-301 to 24-34-406);
Colorado Minimum Wage Order (7 C.C.R. §§1103-1:1 to 1103-1:22); Colorado Overtime Pay
Law (C.R.S. § 8-6-111(4)); Colorado Workplace Accommodations for Nursing Mothers Act
(C.R.S. §§ 8-13.5-101 et seq.); Colorado Civil Union Act (C.R.S. §§ 14-15-101 et seq.); The
Family Care Act (C.R.S. §§ 8-13.3-201 et seq.); Colorado Job History Law (C.R.S. § 8-2-114);
Colorado Labor Relations Act (C.R.S. §§8-2-101 to 8-2-205); Colorado Labor Peace Act (C.R.S.
§§ 8-3-101 to 8-3-123); Colorado Military Leave Law (C.R.S. §§ 28-3-601 et seq.); Colorado
Military Service Discrimination Law (C.R.S. §§ 28-1-103, 28-3-506); Colorado Equal Pay Law
(Colo. Rev. Stat. § 8-5-102; Colorado Whistleblower Protection Act (Colo. Rev. Stat. § 24-114-
101 et seq.); all as amended; any claim under the Connecticut Fair Employment Practices Act
(Conn. Gen. Stat. § 46a-51, et seq.); Connecticut Equal Pay Law (Conn. Gen. Stat. § 31-75); the
Connecticut Whistleblower Law (Conn. Gen. Stat. § 31-51m); the Connecticut Family and
Medical Leave Laws (Conn. Gen. Stat. § 31-51kk to 51qq); the Connecticut Minimum Wage and
Overtime Laws (Conn. Gen. Stat. § 31-58 et seq.); the Connecticut Hours of Labor Laws (Conn.
Gen. Stat. § 31-12, et seq.); the Connecticut Wage Payment Laws (Conn. Gen. Stat. § 31-70, et
seq.); the Connecticut Drug Testing Laws (Conn. Gen. Stat. §§ 31-51t to z); the Connecticut Paid
Sick Leave Law (Conn. Gen. Stat. § 31-57r to 57w); the Connecticut Workers’ Compensation
Retaliation Law (Conn. Gen. Stat. Ann. § 31-290a); the Connecticut Reproductive Hazards Law
(Conn. Gen Stat. § 31-40g); the Connecticut Smoking Outside the Workplace Law (Conn. Gen.
Stat. § 31-40s); the Connecticut Breast-Feeding Rights Law (Conn. Gen. Stat. § 31-40w); the
Connecticut Employment Privacy Law (Conn. Gen. Stat. § 31-48b, 31-48d); all as amended; any
claim under the District of Columbia Human Rights Act of 1977, District of Columbia Family
and Medical Leave Act, District of Columbia Accrued Sick and Safe Leave Act, District of
Columbia Safety and Health Act of 1988, District of Columbia Parental Leave Act, Protecting
Pregnant Workers Fairness Act of 2014, the Wage Payment and Wage Collection Law, Minimum
Wage Revision Act, as amended, or the, Fair Criminal Record Screening Act, the District of
To: ________
Re: Estimated benefits under the Ernst & Young Defined Benefit Retirement Plan (the “DB
Plan”)* with the voluntary ERO.
As outlined under the terms of the voluntary Enhanced Retirement Offer (“ERO”), you will be
entitled to receive an enhanced retirement benefit under the DB Plan should you choose to accept
the ERO offering. A link to the Summary Plan Description for the DB Plan is provided on the
Better You site (hard copies are available upon request). The amount of the additional estimated
contribution you would receive, as well as estimates of your total benefit under the DB Plan with
the additional contribution factored in, are shown below.
Additional Cash Balance Credit (including Transitional Credits) added to your Part B –
Cash Balance Benefit