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.
In addition, the employer in Millville is required to make sure the employee receives any benefits that were guaranteed in a contract when the employee started their work. 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 Jersey law?
Under New Jersey 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.
Millville 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. 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 Millville, New Jersey Pension and Benefits Attorney Help?
Millville, New Jersey attorneys may help employers in implementing pension plans that comply with the applicable laws. They may also help workers who are having difficulties in obtaining the benefits of a given plan.