Benefits and pension arrangements are part of both the hiring process as well the retirement or termination process. The state of New York has laws governing 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.
The employer often pays for some of the benefit plans, but other plans require additional voluntary contributions from the employee. Additionally, employees are sometimes required to work for a minimum amount of time before becoming eligible for certain benefits. New York laws require that employers providing medical plans for their workers perform particular 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.
What Employee Benefits are Protected by New York law?
Furthermore, some laws let employees who are out of work receive health care from a previous employer's plan while they are looking for a new job. Woodbury 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.
Furthermore, under a matched contribution plan, the employer must bear the risk of any investments that are made on behalf of employees. Woodbury, New York attorneys may help employers in implementing pension plans that comply with the applicable laws. They may also help workers who are having difficulties in obtaining the benefits of a given plan.
How can a Woodbury, New York Pension and Benefits Attorney Help?