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 York law. Those who receive these plans can file their claims under such laws.
The employer often pays for some of the benefit plans, but other plans require additional voluntary contributions from the employee. Further, employees are sometimes required to work for a minimum amount of time before becoming eligible for certain benefits. Employers owe certain legal duties to the employees in providing them with medical plans. Under New York law, employers must disclose health plan information, and the employee is entitled to equal treatment in the processing of any claims under the medical plan.
What Employee Benefits are Protected by New York law?
For employees who lost their jobs, there are some laws that allow them to continue the health care plan they had with their previous employer while they actively look for a new job. Albion 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.
Secondly, under a matched contribution plan, the employer must bear the risk of any investments that are made on behalf of employees. Albion, New York 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.
How can a Albion, New York Pension and Benefits Attorney Help?