Benefits and pension arrangements are part of both the hiring procedure as well the retirement or termination process. The laws of the state of New Jersey regulate how employers can distribute health and retirement plans; beneficiaries and recipients of such plans can file their claims under such laws.
Additionally, employers in Bloomfield are required to perform on any benefits that may have been promised to the employee in a contract when work began. 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.
What Employee Benefits are Protected by New Jersey law?
Under New Jersey 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. There are also some laws that give employees the right to continue on their health care plan from the prior employee during periods in which they are actively pursuing new employment.
Regarding pension programs, Bloomfield 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, 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 Bloomfield, New Jersey Pension and Benefits Attorney Help?
Bloomfield, New Jersey 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.