Benefits and pension arrangements are part of both the hiring process as well the retirement or termination process. The state of Ohio 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.
Additionally, if a Lorain County employer guaranteed any benefits to the employer in a contract when work began, they must make good on these. Second, 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 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. Some laws also permit employees who lost their jobs to continue receiving the health coverage they had with their prior employer while they seek new employment.
Regarding pension programs, Lorain County employers owe their workers specific legal duties. First, the law requires the employer to deliver any benefits that were promised within the pension program. Second, under a matched contribution plan, the employer must bear the risk of any investments that are made on behalf of employees.
How can a Lorain County, Ohio Pension and Benefits Attorney Help?
Lorain County, Ohio 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.