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.
Additionally, employers in Fair Lawn are required to perform on any benefits that may have been promised to the employee in a contract when work began. The employer sometimes pays for benefit plans, but at times the employee must make a voluntary contribution. Additionally, some employees establish a requirement that employees work with them for a certain period of time before they are eligible for benefits.
What Employee Benefits are Protected by New Jersey law?
Those employers who provide medical plans for employees owe specific legal duties under New Jersey law to those they cover. They must disclose important information about the health plans, and employees are entitled to a fair process in the treatment of their claims under the plan. Some laws also permit employees who lost their jobs to continue receiving the health coverage they had with their prior employer while they seek new employment.
Regarding pension programs, Fair Lawn employers owe their workers specific legal duties. First, the law requires the employer to deliver any benefits that were promised within the pension program. Second, under a matched contribution plan, the employer must bear the risk of any investments that are made on behalf of employees.
How can a Fair Lawn, New Jersey Pension and Benefits Attorney Help?
Fair Lawn, 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.