Benefits and pension arrangements are part of both the hiring procedure as well the retirement or termination process. The state of New York has laws regulating the way that employers are allowed to administer health benefits and pension plans. Recipients and beneficiaries of these packages can file their claims under the state laws.
West Sayville employers also owe legal duties to those given pension programs. First, they are legally required to provide the benefits that were promised under a set benefit plan. The employer often pays for some of the benefit plans, but other plans require further voluntary contributions from the employee. Moreover, employees are sometimes required to work for a minimum amount of time before becoming eligible for certain benefits.
What Employee Benefits are Protected by New York law?
New York laws require that employers providing medical plans for their workers perform specific legal duties. The employer must inform the employee about their health plans, and the employee is entitled to fair treatment in the review process of their claim. There are also laws that allow employees who lose their jobs to continue the health coverage they had with their employer while they search for new work.
Employers in West Sayville 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. Moreover, it is the employer who must bear the risk of any investments that are made on behalf of an employee under a matched contribution plan.
How can a West Sayville, New York Pension and Benefits Attorney Help?
Attorneys in West Sayville, New York will assist employers who wish to create pension plans that are in compliance with the law. A lawyer also helps employees who encounter difficulties in obtaining benefits under a pension or other type of plan.