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 Mexico 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 Corrales 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 Mexico law?
Employers who provide medical plans to their employees owe them specific legal duties according to the laws of New Mexico. They are required to disclose any important details of the medical coverage, and employees who file a claim are entitled to fair treatment in the processing of their complaint. 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.
Corrales 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, 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 Corrales, New Mexico Pension and Benefits Attorney Help?
Corrales, New Mexico 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.