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.

Additionally, if an Island Park 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?

Employers who provide medical plans to their employees owe them specific legal duties according to the laws of New York. They are required to disclose any important details of the medical coverage, and employees who file a claim are entitled to fair treatment in the processing of their complaint. 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.

Regarding pension programs, Island Park employers owe their workers specific legal duties. First, the law requires the employer to deliver any benefits that were promised within the pension program. Second, 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 Island Park, New York Pension and Benefits Attorney Help?

Island Park, 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.