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 Islip 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, Islip 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 Islip, New York Pension and Benefits Attorney Help?
Attorneys in Islip, New York will help 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.