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.
Also, employers in Richmond are required to perform on any benefits that may have been promised to the employee in a contract when work began. 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 Indiana law?
Those employers who provide medical plans for employees owe certain legal duties under Indiana 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. There are also some laws that give employees the right to continue on their health care plan from the prior employee during periods in which they are actively pursuing new employment.
Employers in Richmond also owe legal duties to employees who receive pension plans. First, the employer is required by law to provide the benefits that were guaranteed in the payment plan. Also, any risks involving investments made on behalf of an employee according to matched contribution plans must be borne by the employer.
How can a Richmond, Indiana Pension and Benefits Attorney Help?
Richmond, Indiana attorneys may assist employers in implementing pension plans that comply with the applicable laws. They may also assist workers who are encountering difficulties in obtaining the benefits of a given plan.