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 New Lexington employer guaranteed any benefits to the employer in a contract when work began, they must make good on these. Additionally, 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?

Employers owe certain legal duties to the employees in providing them with medical plans. Under Ohio law, employers must disclose health plan information, and the employee is entitled to fair treatment in the processing of any claims under the medical plan. For employees who lose their jobs, there are some laws that allow them to continue the health care plan they had with their prior employer while they actively look for a new job.

Employers in the city of New Lexington also owe their employees legal duties with regard to pension plans. First, the law requires that they provide any benefits that were guaranteed to their employee in any given benefit agreement. Additionally, the employer must bear the risk on any investments which are made on behalf of a worker according to terms in a matched contribution arrangement.

How can a New Lexington, Ohio Pension and Benefits Attorney Help?

New Lexington, Ohio lawyers can help an employer in creating a pension plan that complies with applicable laws. Attorneys also often assist employees when difficulties arise with obtaining the benefits under a plan.