PSEG amends Key Executive Severance Plan, adds voluntary exit incentive eligibility
Public Service Enterprise Group adopted an amendment to its Key Executive Severance Plan, effective April 16, 2024. The changes clarify benefits eligibility, allow severance eligibility under a voluntary exit incentive program in specified circumstances, and remove references to PSEG Energy Resources and Trade LLC because its separate incentive plan has closed. The filing describes the amendment as administrative and does not report any financial figures.
- Amendment to Key Executive Severance Plan adopted April 16, 2024, effective the same day
- Employees may be eligible for severance under a voluntary exit incentive program in specified circumstances
- References to PSEG Energy Resources and Trade LLC removed because its separate incentive plan has closed