Benefits and pension arrangements are part of both the hiring procedure as well the retirement or termination process. Health plans and pension arrangements are governed by New York law. Those who receive these plans can file their claims under such laws.
Chappaqua employers also owe legal duties to those given pension programs. First, they are legally required to provide the benefits that were promised under a set benefit plan. The employer sometimes pays for benefit plans, but at times the employee must make a voluntary contribution. Additionally, some employees establish a requirement that employees work with them for a certain period of time before they are eligible for benefits.
What Employee Benefits are Protected by New York law?
Under New York law, employers who provide employees with medical plans owe them specific legal duties. For instance, they must disclose important health plan information, and employees must be provided with a fair process when reviewing their claims according to the plan. There are also laws that allow employees who lose their jobs to continue the health coverage they had with their employer while they search for new work.
Employers in the city of Chappaqua also owe their employees legal duties with regard to pension plans. First, the law requires that they provide any benefits that were guaranteed to their employee in any given benefit agreement. Moreover, it is the employer who must bear the risk of any investments that are made on behalf of an employee under a matched contribution plan.
How can a Chappaqua, New York Pension and Benefits Attorney Help?
Lawyers in Chappaqua, New York can assist an employer in drafting a pension plan that is in compliance with the respective law. An attorney can also assist employees in negotiating unforeseen difficulties arising out of a benefits plan.