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Public Service Enterprise Updates Executive Severance Plan

Public Service Enterprise Updates Executive Severance Plan

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The latest update is out from Public Service Enterprise (PEG).

Public Service Enterprise Group Incorporated (PSEG) has updated its Key Executive Severance Plan, effective April 16, 2024, enhancing the clarity around benefit eligibility and the conditions under which severance is available, including for voluntary exits. The amendment also reflects the closure of a separate incentive plan for certain employees, streamlining PSEG’s approach to executive compensation and severance.

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