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 Wanaque is required to make sure the employee receives any benefits that were guaranteed in a contract when the employee started their work. 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?
Those employers who provide medical plans for employees owe particular 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. 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.
Regarding pension programs, Wanaque employers owe their workers particular legal duties. First, the law requires the employer to deliver any benefits that were promised within the pension program. Second, 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 Wanaque, New Jersey Pension and Benefits Attorney Help?
Attorneys in Wanaque, New Jersey will help employers who wish to create pension plans that are in compliance with the law. A lawyer also helps employees who encounter difficulties in obtaining benefits under a pension or other type of plan.