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.
Furthermore, if a Lancaster 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. Additionally, 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 owe particular 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 equal treatment in the processing of any claims under the medical plan. Some laws also permit employees who lost their jobs to continue receiving the health coverage they had with their prior employer while they seek new employment.
Employers in the city of Lancaster also owe their employees legal duties with regard to pension plans. First, the law requires that they provide any benefits that were promised to their employee in any given benefit agreement. Second, employers bear the risk of any investments that are made on behalf of an employee according to a matched contribution plan
How can a Lancaster, New York Pension and Benefits Attorney Help?
In Lancaster, New York, lawyers can help those employers who need help in creating pension plans that comply with employment laws. Attorneys may also assist employees when it comes to obtaining the benefits described in a particular plan.