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 a Long Beach employer guaranteed any benefits to the employer in a contract when work began, they must make good on these. The employer sometimes pays for benefit plans, but at times the employee must make a voluntary contribution. Additionally, some employees establish a requirement that employees work with them for a certain period of time before they are eligible for 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. 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.
Regarding pension programs, Long Beach 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, under a matched contribution plan, the employer must bear the risk of any investments that are made on behalf of employees.
How can a Long Beach, New York Pension and Benefits Attorney Help?
Long Beach, New York attorneys may help employers in implementing pension plans that comply with the applicable laws. They may also help workers who are having difficulties in obtaining the benefits of a given plan.