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.
Additionally, if a Hornell employer guaranteed any benefits to the employer in a contract when work began, they must make good on these. While some benefits are paid by the employer, others involve voluntary employee contributions. Moreover, employers often require that the employee work for a minimum amount of time with them before they are eligible to receive benefits.
What Employee Benefits are Protected by New York law?
Those employers who provide medical plans for employees owe specific legal duties under New York law to those they cover. They must disclose important information about the health plans, and employees are entitled to a fair process in the treatment of their claims under the plan. Additionally, some laws let employees who are out of work receive health care from a prior employer's plan while they are looking for a new job.
Employers in Hornell 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. Moreover, under a matched contribution plan, the employer must bear the risk of any investments that are made on behalf of employees.
How can a Hornell, New York Pension and Benefits Attorney Help?
Hornell, New York attorneys may assist employers in implementing pension plans that comply with the applicable laws. They may also assist workers who are encountering difficulties in obtaining the benefits of a given plan.