Severance packages are outdated. While many companies continue to rely on these traditional methods to manage layoffs, they often fall short in providing long-term benefits for both the employer and the employee. Enter Supplemental Unemployment Benefits (SUB), a modern solution that’s changing the game. SUB is a benefit designed to supplement state unemployment benefits, providing laid-off employees with a weekly payment that’s tied to the amount of unemployment they receive. Unlike traditional severance, SUB payments are structured to extend until the employee finds new work, creating a smoother and more financially secure transition. Here are five reasons why SUB is the game-changing solution to your business needs.
Transition Services, Inc. (TSI)
Financial Services
Stamford, CT 157 followers
We Offer A Better Alternative to Traditional Severance
About us
At Transition Services, Inc. (TSI) our team of Human Resources, Operational and Legal Experts work closely with our clients to design, implement and administer alternatives to traditional severance. By utilizing the longstanding, yet little known, IRS-approved Supplemental Unemployment Benefit (SUB) Plan structure, the income of displaced employees is maintained, while significant cost savings (25% - 45%) are achieved compared to traditional severance. By employing our full-service, customizable offer, TSI will partner with you every step along the way to build a successful and cost efficient program that aligns with your company’s culture and needs. To learn more about how TSI can help your business, give us a call at (203)975-2132 or find us on the web at www.transitionservices.com ___________________________________________________________________________________ TSI is a wholly-owned subsidiary of the R.V.I. America Corporation. As the world’s leading provider of residual value insurance, for over 20 years RVI has provided financial, regulatory and accounting benefits to a roster of clients who are active worldwide in leasing, asset-based finance, and asset securitization. In addition, RVI’s products and services includes financial and valuation consulting. RVI’s strong legal, systems and accounting resources support TSI’s program compliance and reporting needs. www.rvigroup.com www.linkedin.com/company/rvi-group
- Website
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http://www.transitionservices.com
External link for Transition Services, Inc. (TSI)
- Industry
- Financial Services
- Company size
- 11-50 employees
- Headquarters
- Stamford, CT
- Type
- Privately Held
- Specialties
- Separation Benefits Management; SUB Plan Administration; severance; layoff; severance outsourcing; cost reduction
Locations
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Primary
107 Elm Street
12th Floor
Stamford, CT 06902, US
Employees at Transition Services, Inc. (TSI)
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Lana Mellis
Marketing Manager at Transition Services, Inc.
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Sandra Grimes
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Reginald Van Vranken
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Reginald Van Vranken
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Updates
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As these wildfires continue to affect California, many of us are searching for ways to stand by our employees and communities. Supplemental Unemployment Benefit (SUB) plans are one possible avenue that some employers have used successfully in past crises—helping workers bridge financial gaps without bankrupting the business. This isn’t about pushing a solution; it’s about sharing what we’ve seen work in other trying times. If you’ve been through this before—whether as an employer or an employee—your insights could really help someone else right now. How did your organization support you during shutdowns? Were there resources, like SUB plans, that made a difference? Let’s continue to come together and share knowledge, because every bit of support matters when our neighbors are in need. #CaliforniaFires #CommunitySupport #EmployeeCare #ShareExperiences
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Transition Services, Inc. (TSI) reposted this
Looking to add value to your company’s bottom line while expanding your employment law expertise? Join Association of Corporate Counsel ACC Wisconsin and Transition Services Inc. on January 29 at 2 PM EST for a dynamic CLE webinar exploring how implementing a Supplemental Unemployment Benefit (SUB) Plan can streamline employee separations and transform traditional severance. In this 1.5-hour session, our panel of legal and business experts will: -Introduce the fundamentals of SUB Plans and why the IRS sanctions this cost-effective alternative -Provide real-world examples and results -Share strategies for implementation and maximizing tax benefits Don’t miss this opportunity to: -Elevate your legal knowledge -Optimize your company's severance approach -Network with industry peers -Secure your spot and revolutionize your severance strategy! Register now and earn 1.5 hours of CLE credit. https://lnkd.in/emMGbQqu #EmploymentLaw #HR #SUBPlan #Severance #Webinar #CLE #ACC #TransitionServicesInc #ProfessionalDevelopment
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The damage from these wildfires goes beyond property—it affects livelihoods and entire communities. We understand how critical it is to keep our teams financially stable during this chaos. One way employers can help is through SUB plans, which “top up” employees’ unemployment benefits without putting an unbearable strain on the company budget. Our team has personally seen how SUB options made a difference during COVID-19 shutdowns, helping ensure employees could cover essentials while businesses navigated disruptions. Whether you already have a SUB plan or are simply exploring how it works, remember that your employees’ well-being should come first. We’re all in this together, and we are here to share any information that might help. www.transitionservices.com #CaliforniaBusinesses #HRSupport #WildfireRelief #CommunityFirst
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Looking to add value to your company’s bottom line while expanding your employment law expertise? Join Association of Corporate Counsel ACC Wisconsin and Transition Services Inc. on January 29 at 2 PM EST for a dynamic CLE webinar exploring how implementing a Supplemental Unemployment Benefit (SUB) Plan can streamline employee separations and transform traditional severance. In this 1.5-hour session, our panel of legal and business experts will: -Introduce the fundamentals of SUB Plans and why the IRS sanctions this cost-effective alternative -Provide real-world examples and results -Share strategies for implementation and maximizing tax benefits Don’t miss this opportunity to: -Elevate your legal knowledge -Optimize your company's severance approach -Network with industry peers -Secure your spot and revolutionize your severance strategy! Register now and earn 1.5 hours of CLE credit. https://lnkd.in/emMGbQqu #EmploymentLaw #HR #SUBPlan #Severance #Webinar #CLE #ACC #TransitionServicesInc #ProfessionalDevelopment
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These wildfires are creating an unimaginable strain on our communities—destroying homes, displacing families, and forcing businesses to halt operations. During these difficult times, our first thoughts are with everyone’s health and safety. For those business owners who may be struggling to support their employees amid shutdowns, Supplemental Unemployment Benefit (SUB) plans can help fill the gap between reduced hours (or temporary layoffs) and a livable income. We hope to help by offering a potential solution we’ve seen work before—especially during COVID-19—to help keep families afloat and businesses intact. If you have questions or need resources, please reach out. Let’s work together to stay strong and support one another through these devastating fires. #CaliforniaFires #CommunitySupport #EmployeeWellbeing #StaySafe
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Layoffs aren’t always front-page news—until they happen to you or your team. According to a recent Newsweek piece, major names like Amazon, Boeing, and Spirit Airlines are already announcing workforce cuts heading into 2025. While unemployment claims have dipped and economic recovery appears on track, experts point to AI adoption and shifting policies as potential wildcards for the new year. At Transition Services, Inc., we’ve witnessed firsthand how sudden job losses can shake a company’s culture and morale. That’s why we focus on bridging the gap for laid-off employees through Supplemental Unemployment Benefit (SUB) Plans—an extra layer of support that can soften the blow when unexpected changes arise. The real question is how organizations choose to navigate these transitions. By preparing now, employers can reinforce trust and loyalty—even in the face of uncertainty. Because when layoffs happen, the true test of leadership is how you stand by your people. #Layoffs #JobCuts #WorkforceTrends #HR #TalentManagement #MergersAndAcquisitions #CostSavings #FinancialSecurity #SupplementalUnemployment #SUBPlan #UnemploymentBenefits #EmployeeBenefits #TransitionServices #CareerSecurity #Innovation #Growth #ProactivePlanning www.transitionservices.com
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🎄✨ Wishing You a Joyous Holiday Season! ✨🎄 As the year draws to a close, we at Transition Services Inc. want to take a moment to express our heartfelt gratitude to our clients, partners, and employees. Your trust, collaboration, and dedication have made 2024 a year of growth and meaningful achievements. This holiday season, we’re reminded of the importance of resilience, support, and community—values we strive to uphold every day in our work. May your holidays be filled with joy, warmth, and moments of celebration with loved ones. Here’s to a bright and successful New Year ahead! 🌟 Happy Holidays from all of us at TSI! 🌟 #HappyHolidays #SeasonOfGratitude #TSI #TogetherWeThrive
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General Motors recently announced another round of layoffs, impacting approximately 1,000 employees, primarily in North America. Workforce reductions are challenging for any organization and its people. However, strategic tools like Supplemental Unemployment Benefits (SUB Plans) can soften the impact while supporting both employees and the company. Here’s how a SUB Plan could help: ✅ Financial Security for Employees: SUB Plans bridge the gap between state unemployment insurance (UI) and employees' pre-layoff income, providing a more stable financial foundation during a difficult transition. ✅ Tax Benefits for Employers: Unlike traditional severance, SUB payments are classified as benefits, not wages, which means employers avoid payroll taxes. ✅ Flexibility: Payments under a SUB Plan cease once employees find new jobs, ensuring resources are used effectively. ✅ Reputation Management: Using a SUB Plan demonstrates a commitment to employees, protecting employer branding during a sensitive time. In GM's case, utilizing a SUB Plan could alleviate stress for employees affected by these layoffs while maintaining goodwill with the public and stakeholders. As we continue to navigate economic challenges and evolving business priorities, solutions like SUB Plans offer a way forward that balances financial prudence and employee care. Interested in learning how a SUB Plan could fit your organization’s needs? Let’s connect! #GM #Layoffs #HRStrategy #WorkforcePlanning #SUBPlans
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As Boeing faces a challenging period of layoffs amid ongoing financial strain, it’s critical to consider cost-effective ways to support employees while managing the company’s bottom line. #layoffs #masslayoffs #boeing #SUBplan #morale #severance #costsaving #planning #HRstrategy #workforceplanning
Beyond Severance: Why Boeing Should Opt for a Cost-Saving SUB Plan
Transition Services, Inc. (TSI) on LinkedIn