Benefits and pension arrangements are part of both the hiring procedure as well the retirement or termination process. Health plans and pension arrangements are governed by New York law. Those who receive these plans can file their claims under such laws.
In addition, the employer in Potsdam is obligated to make sure the employee receives any benefits that were guaranteed in a contract when the employee started their work. Also, 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?
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 all important details of the medical coverage, and employees who file a claim are entitled to fair treatment in the processing of their complaint. For employees who lose their jobs, there are some laws that allow them to continue the health care plan they had with their prior employer while they actively look for a new job.
Employers in Potsdam also owe legal duties to employees who receive pension plans. First, the employer is required by law to provide the benefits that were guaranteed in the payment plan. Also, any risks involving investments made on behalf of an employee according to matched contribution plans must be borne by the employer.
How can a Potsdam, New York Pension and Benefits Attorney Help?
Potsdam, New York lawyers can help an employer in creating a pension plan that complies with applicable laws. Attorneys also often assist employees when difficulties arise with obtaining the benefits under a plan.