Benefits and pension arrangements are part of both the hiring procedure as well the retirement or termination process. The state of Ohio 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.
Also, if a Lexington employer guaranteed any benefits to the employer in a contract when work began, they must make good on these. 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 Ohio law?
Ohio 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. Some laws also permit employees who lose their jobs to continue receiving the health coverage they had with their previous employer while they seek new employment.
Lexington 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. Also, under a matched contribution plan, the employer must bear the risk of any investments that are made on behalf of employees.
How can a Lexington, Ohio Pension and Benefits Attorney Help?
Lexington, Ohio 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.