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 Niskayuna is required to make sure the employee receives any benefits that were guaranteed in a contract when the employee started their work. Second, 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 particular 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.
Employers in the city of Niskayuna 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 Niskayuna, New York Pension and Benefits Attorney Help?
In Niskayuna, 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.