Benefits and pension arrangements are part of both the hiring process as well the retirement or termination process. Health plans and pension arrangements are regulated by New Mexico law. Those who receive these plans can file their claims under such laws.
Tucumcari 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. The employer often pays for some of the benefit plans, but other plans require additional voluntary contributions from the employee. Additionally, employees are sometimes required to work for a minimum amount of time before becoming eligible for certain benefits.
What Employee Benefits are Protected by New Mexico law?
New Mexico laws require that employers providing medical plans for their workers perform certain 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 laws that allow employees who lose their jobs to continue the health coverage they had with their employer while they look for new work.
Regarding pension programs, Tucumcari employers owe their workers certain legal duties. First, the law requires the employer to deliver any benefits that were promised within the pension program. Secondly, under a matched contribution plan, the employer must bear the risk of any investments that are made on behalf of employees.
How can a Tucumcari, New Mexico Pension and Benefits Attorney Help?
Tucumcari, 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.