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.
Williamsville 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 certain 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 some laws that give employees the right to continue on their health care plan from the prior employee during periods in which they are actively pursuing new employment.
Employers in Williamsville 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. Additionally, any risks involving investments made on behalf of an employee according to matched contribution plans must be borne by the employer.
How can a Williamsville, New York Pension and Benefits Attorney Help?
Williamsville, New York attorneys may assist employers in implementing pension plans that comply with the applicable laws. They may also assist workers who are encountering difficulties in obtaining the benefits of a given plan.