Employee benefits and pensions are discussed both when the employee is hired and when they leave the position (for whatever reasons). Kentucky's laws specifically govern the manner in which employers implement health plans and retirement pension payments. Recipients of such benefit plans can file claims using these laws.
Lyndon employers also owe legal duties to those given pension programs. First, they are legally bound to provide the benefits that were promised under a set benefit plan. The employer often pays for some of the benefit plans, but other plans require additional voluntary contributions from the employee. Further, employees are sometimes required to work for a minimum amount of time before becoming eligible for certain benefits.
What Employee Benefits are Protected by Kentucky law?
Employers who provide medical plans to their employees owe them certain legal duties according to the laws of Kentucky. They are required to disclose any important details of the medical coverage, and employees who file a claim are entitled to fair treatment in the processing of their complaint. Also, some laws let employees who are out of work receive health care from a previous employer's plan while they are looking for a new job.
Employers in Lyndon also owe legal duties to employees who receive pension plans. First, the employer is bound by law to provide the benefits that were guaranteed in the payment plan. Secondly, it is the employer who must bear the risk of any investments that are made on behalf of an employee under a matched contribution plan.
How can a Lyndon, Kentucky Pension and Benefits Attorney Help?
Lyndon, Kentucky lawyers can assist an employer in creating a pension plan that complies with applicable laws. Attorneys also often help employees when difficulties arise with obtaining the benefits under a plan.