Employee benefits and pensions are considered both when the employee is hired and when they leave the position (for whatever reasons). There are also laws that allow employees who lose their jobs to continue the health coverage they had with their employer while they search for new work.
Furthermore, employers in Wheaton must deliver any benefits to the employee that were included in a contract when the employee started work. The employer often pays for some of the benefit plans, but other plans require further voluntary contributions from the employee. Furthermore, employees are sometimes required to work for a minimum amount of time before becoming eligible for certain benefits.
What Employee Benefits are Protected by Illinois law?
Those employers who provide medical plans for employees owe specific legal duties under Illinois law to those they cover. They must disclose important information about the health plans, and employees are entitled to a fair process in the treatment of their claims under the plan. For employees who lose their jobs, there are some laws that allow them to continue the health care plan they had with their prior employer while they actively look for a new job.
Regarding pension programs, Wheaton employers owe their workers specific legal duties. First, the law requires the employer to deliver any benefits that were guaranteed within the pension program. Moreover, under a matched contribution plan, the employer must bear the risk of any investments that are made on behalf of employees.
How can a Wheaton, Illinois Pension and Benefits Attorney Help?
Wheaton, Illinois lawyers can help an employer in creating a pension plan that complies with applicable laws. Attorneys also often assist employees when difficulties arise with obtaining the benefits under a plan.