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 Jersey regulate how employers may distribute health and retirement plans; beneficiaries and recipients of such plans may file their claims under such laws.
Furthermore, employers in Cherry Hill 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. Additionally, 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?
Employers owe particular legal duties to the employees in providing them with medical plans. Under New Jersey 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 Cherry Hill 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, any risks involving investments made on behalf of an employee according to matched contribution plans must be borne by the employer.
How can a Cherry Hill, New Jersey Pension and Benefits Attorney Help?
Cherry Hill, New Jersey 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.