Issues with benefit plans and pension payments arise both when hiring an employee and when they leave the job. The laws of the state of Pennsylvania regulate how employers can distribute health and retirement plans; beneficiaries and recipients of such plans can file their claims under such laws.
Prospect Park employers also owe legal duties to those given pension programs. First, they are legally required to provide the benefits that were promised under a set benefit plan. While some benefits are paid by the employer, others involve voluntary employee contributions. Moreover, 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 Pennsylvania law?
Under Pennsylvania law, employers who provide employees with medical plans owe them specific legal duties. For instance, they must disclose important health plan information, and employees must be provided with a fair process when reviewing their claims according to the plan. There are also laws that allow employees who lose their jobs to continue the health coverage they had with their employer while they search for new work.
Regarding pension programs, Prospect Park employers owe their workers specific legal duties. First, the law requires the employer to deliver any benefits that were guaranteed within the pension program. Moreover, 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 Prospect Park, Pennsylvania Pension and Benefits Attorney Help?
Lawyers in Prospect Park, Pennsylvania can assist an employer in drafting a pension plan that is in compliance with the respective law. An attorney can also assist employees in negotiating unforeseen difficulties arising out of a benefits plan.