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 Wayne 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. Moreover, 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 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. Additionally, some laws let employees who are out of work receive health care from a previous employer's plan while they are looking for a new job.
Employers in Wayne also owe legal duties to employees who receive pension plans. First, the employer is bound by law to provide the benefits that were guaranteed in the payment 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 Wayne, New Jersey Pension and Benefits Attorney Help?
Wayne, 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.