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 Hampton Bays 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 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 fair treatment in the processing of any claims under the medical plan. There are also some laws that give employees the right to continue on their health care plan from the prior employee during periods in which they are actively pursuing new employment.
Hampton Bays 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. Additionally, any risks involving investments made on behalf of an employee according to matched contribution plans must be borne by the employer.
How can a Hampton Bays, New York Pension and Benefits Attorney Help?
Attorneys in Hampton Bays, New York will assist employers who wish to create pension plans that are in compliance with the law. A lawyer also helps employees who encounter difficulties in obtaining benefits under a pension or other type of plan.