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.
In addition, the employer in Niagara County is required to make sure the employee receives any benefits that were guaranteed in a contract when the employee started their work. Furthermore, employers bear the risk of any investments that are made on behalf of an employee according to a matched contribution plan.
What Employee Benefits are Protected by New York law?
Under New York law, employers who provide employees with medical plans owe them certain legal duties. For example, they must disclose important health plan information, and employees must be provided with a fair process when reviewing their claims according to the plan. For employees who lost their jobs, there are some laws that allow them to continue the health care plan they had with their previous employer while they actively look for a new job.
Niagara County employers also owe legal duties to those given pension programs. First, they are legally bound to provide the benefits that were promised under a set benefit plan. Secondly, under a matched contribution plan, the employer must bear the risk of any investments that are made on behalf of employees.
How can a Niagara County, New York Pension and Benefits Attorney Help?
Lawyers in Niagara County, New York can help an employer in drafting a pension plan that is in compliance with the respective law. An attorney can also help employees in negotiating unforeseen difficulties arising out of a benefits plan.