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.
Also, if a Franklin Square employer guaranteed any benefits to the employer in a contract when work began, they must make good on these. Additionally, employers bear the risk of any investments that are made on behalf of an employee according to a matched contribution plan.
What Employee Benefits are Protected by New York law?
Employers who provide medical plans to their employees owe them certain legal duties according to the laws of New York. They are required to disclose all important details of the medical coverage, and employees who file a claim are entitled to fair treatment in the processing of their complaint. For employees who lose their jobs, there are some laws that allow them to continue the health care plan they had with their prior employer while they actively look for a new job.
Employers in Franklin Square also owe legal duties to employees who receive pension plans. First, the employer is required by law to provide the benefits that were guaranteed in the payment plan. Also, under a matched contribution plan, the employer must bear the risk of any investments that are made on behalf of employees.
How can a Franklin Square, New York Pension and Benefits Attorney Help?
In Franklin Square, New York, lawyers can help those employers who need assistance in creating pension plans that comply with employment laws. Attorneys may also help employees when it comes to obtaining the benefits described in a particular plan.