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 Palmyra 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?
New Jersey laws require that employers providing medical plans for their workers perform specific legal duties. The employer must inform the employee about their health plans, and the employee is entitled to fair treatment in the review process of their claim. There are also some laws which give employees the right to continue on their health care plan from the previous employee during periods in which they are actively pursuing new employment.
Palmyra 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 Palmyra, New Jersey Pension and Benefits Attorney Help?
Palmyra, 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.