Benefits and pension arrangements are part of both the hiring process as well the retirement or termination process. The laws of the state of New Hampshire regulate how employers may distribute health and retirement plans; beneficiaries and recipients of such plans may file their claims under such laws.
Additionally, employers in Bedford are required to perform on any benefits that may have been promised to the employee in a contract when work began. Furthermore, employers bear the risk of any investments that are made on behalf of an employee according to a matched contribution plan.
What Employee Benefits are Protected by New Hampshire law?
Under New Hampshire law, employers who provide employees with medical plans owe them specific legal duties. For example, they must disclose important health plan information, and employees must be provided with a fair process when reviewing their claims according to the plan. For employees who lost their jobs, there are some laws that allow them to continue the health care plan they had with their previous employer while they actively look for a new job.
Regarding pension programs, Bedford employers owe their workers specific legal duties. First, the law requires the employer to deliver any benefits that were promised within the pension program. Furthermore, the employer must bear the risk on any investments which are made on behalf of a worker according to terms in a matched contribution arrangement.
How can a Bedford, New Hampshire Pension and Benefits Attorney Help?
Bedford, New Hampshire 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.