Issues with benefit plans and pension payments arise both upon hiring an employee and when they leave the job. 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.
In addition, the employer in Oil City is required to make sure the employee receives any benefits that were guaranteed in a contract when the employee started their work. 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 Pennsylvania law?
Under Pennsylvania law, employers who provide employees with medical plans owe them specific 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.
Oil City employers also owe legal duties to those given pension programs. First, they are legally bound to provide the benefits that were promised under a set benefit plan. 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 Oil City, Pennsylvania Pension and Benefits Attorney Help?
Lawyers in Oil City, Pennsylvania can help an employer in drafting a pension plan that is in compliance with the respective law. An attorney can also help employees in negotiating unforeseen difficulties arising out of a benefits plan.