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 Espanola is required to make sure the employee receives any benefits that were guaranteed in a contract when the employee started their work. Sometimes benefits are paid directly by the employer, while other instances of benefits require voluntary contributions from the worker. Also note that there can be a required minimum amount of time spent working for the employer in order for the employee to receive benefits.
What Employee Benefits are Protected by New Mexico law?
Those employers who provide medical plans for employees owe specific legal duties under New Mexico 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. Some laws also permit employees who lost their jobs to continue receiving the health coverage they had with their prior employer while they seek new employment.
In the city of Espanola, employees who receive pension programs are owed a legal duty by the employer. First of all, the employer has a duty to provide all the benefits that may have been stated in the pension payment plan. Second, any risks involving investments made on behalf of an employee according to matched contribution plans must be borne by the employer.
How can a Espanola, New Mexico Pension and Benefits Attorney Help?
Attorneys in Espanola, New Mexico 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.