Benefits and pension arrangements are part of both the hiring procedure as well the retirement or termination process. In addition, the employer in Wilmington is obligated to make sure the employee receives any benefits that were guaranteed in a contract when the employee started their work.
While some benefits are paid by the employer, others involve voluntary employee contributions. Moreover, employers often require that the employee work for a minimum amount of time with them before they are eligible to receive benefits. Under North Carolina 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 North Carolina 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, Wilmington 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. Wilmington, North Carolina 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.
How can a Wilmington, North Carolina Pension and Benefits Attorney Help?