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 New London 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?
Employers owe specific legal duties to the employees in providing them with medical plans. Under New Hampshire 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. 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.
New London 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. 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 New London, New Hampshire Pension and Benefits Attorney Help?
In New London, New Hampshire, lawyers can help those employers who need guidance in creating pension plans that comply with employment laws. Attorneys may also assist employees when it comes to obtaining the benefits described in a particular plan.