Employee benefits and pensions are discussed both when the employee is hired and when they leave the position (for whatever reasons). The state of Minnesota has laws governing the way that employers are allowed to administer health benefits and pension plans. Recipients and beneficiaries of these packages can file their claims under the state laws.
Stillwater 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. 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 required minimum amount of time spent working for the employer in order for the employee to receive benefits.
What Employee Benefits are Protected by Minnesota law?
Employers owe specific legal duties to the employees in providing them with medical plans. Under Minnesota law, employers must disclose health plan information, and the employee is entitled to equal treatment in the processing of any claims under the medical plan. There are also laws that allow employees who lose their jobs to continue the health coverage they had with their employer while they look for new work.
Employers in the city of Stillwater also owe their employees legal duties with regard to pension plans. First, the law requires that they provide any benefits that were promised to their employee in any given benefit agreement. Second, 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 Stillwater, Minnesota Pension and Benefits Attorney Help?
Lawyers in Stillwater, Minnesota can help an employer in drafting a pension plan that is in compliance with the respective law. An attorney can also help employees in negotiating unforeseen difficulties arising out of a benefits plan.