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.
Also, if a Toledo employer guaranteed any benefits to the employer in a contract when work began, they must make good on these. Sometimes benefits are paid directly by the employer, while other instances of benefits require voluntary contributions from the worker. Also note that there can be a required minimum amount of time spent working for the employer in order for the employee to receive benefits.
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. 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 the city of Toledo also owe their employees legal duties with regard to pension plans. First, the law requires that they provide any benefits that were promised to their employee in any given benefit agreement. Secondly, 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 Toledo, Ohio Pension and Benefits Attorney Help?
Toledo, Ohio lawyers can assist an employer in creating a pension plan that complies with applicable laws. Attorneys also often help employees when difficulties arise with obtaining the benefits under a plan.