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.
Colonie 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 sometimes pays for benefit plans, but at times the employee must make a voluntary contribution. Furthermore, 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?
New York laws require that employers providing medical plans for their workers perform particular 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.
Employers in Colonie also owe legal duties to employees who receive pension plans. First, the employer is bound by law to provide the benefits that were guaranteed in the payment plan. Furthermore, 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 Colonie, New York Pension and Benefits Attorney Help?
Colonie, New York lawyers can assist an employer in creating a pension plan that complies with applicable laws. Attorneys also often help employees when difficulties arise with obtaining the benefits under a plan.