Employee benefits and pensions are considered both when the employee is hired and when they leave the position (for whatever reasons). In addition, the employer in Elsmere is obligated to make sure the employee receives any benefits that were guaranteed in a contract when the employee started their work.
Sometimes benefits are paid directly by the employer, while other instances of benefits require voluntary contributions from the worker. Also note that there can be a standard minimum amount of time spent working for the employer in order for the employee to receive benefits. Under Kentucky law, employers who provide employees with medical plans owe them specific legal duties. For instance, they must disclose important health plan information, and employees must be provided with a fair process when reviewing their claims according to the plan.
What Employee Benefits are Protected by Kentucky law?
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. Regarding pension programs, Elsmere 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. Elsmere, Kentucky 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.
How can a Elsmere, Kentucky Pension and Benefits Attorney Help?