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.
Furthermore, employers in Youngstown are required to perform on any benefits that may have been promised to the employee in a contract when work began. Furthermore, 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?
Under Ohio law, employers who provide employees with medical plans owe them particular legal duties. For example, they must disclose important health plan information, and employees must be provided with a fair process when reviewing their claims according to the plan. For employees who lost their jobs, there are some laws that allow them to continue the health care plan they had with their previous employer while they actively look for a new job.
Employers in the city of Youngstown 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. Furthermore, any risks involving investments made on behalf of an employee according to matched contribution plans must be borne by the employer.
How can a Youngstown, Ohio Pension and Benefits Attorney Help?
Youngstown, 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.