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.
Yorktown Heights 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. The employer often pays for some of the benefit plans, but other plans require additional voluntary contributions from the employee. Further, 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?
Employers who provide medical plans to their employees owe them particular legal duties according to the laws of New York. They are required to disclose any important details of the medical coverage, and employees who file a claim are entitled to fair treatment in the processing of their complaint. There are also laws that allow employees who lose their jobs to continue the health coverage they had with their employer while they look for new work.
Employers in Yorktown Heights also owe legal duties to employees who receive pension plans. First, the employer is bound by law to provide the benefits that were guaranteed in the payment plan. Furthermore, 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 Yorktown Heights, New York Pension and Benefits Attorney Help?
In Yorktown Heights, 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.