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.
Furthermore, if an Oxford employer guaranteed any benefits to the employer in a contract when work began, they must make good on these. While some benefits are paid by the employer, others involve voluntary employee contributions. Additionally, employers often require that the employee work for a minimum amount of time with them before they are eligible to receive benefits.
What Employee Benefits are Protected by Ohio law?
Those employers who provide medical plans for employees owe particular legal duties under Ohio law to those they cover. They must disclose important information about the health plans, and employees are entitled to a fair process in the treatment of their claims under the plan. Furthermore, some laws let employees who are out of work receive health care from a prior employer's plan while they are looking for a new job.
Employers in Oxford also owe legal duties to employees who receive pension plans. First, the employer is required by law to provide the benefits that were guaranteed in the payment plan. Additionally, 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 Oxford, Ohio Pension and Benefits Attorney Help?
Attorneys in Oxford, Ohio will assist employers who wish to create pension plans that are in compliance with the law. A lawyer also helps employees who encounter difficulties in obtaining benefits under a pension or other type of plan.