Issues with benefit plans and pension payments arise both upon hiring an employee and when they leave the job. The laws of the state of Rhode Island regulate how employers may distribute health and retirement plans; beneficiaries and recipients of such plans may file their claims under such laws.
Additionally, employers in Bristol must deliver any benefits to the employee that were included in a contract when the employee started work. 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 Rhode Island law?
Employers who provide medical plans to their employees owe them specific legal duties according to the laws of Rhode Island. They are required to disclose any important details of the medical coverage, and employees who file a claim are entitled to fair treatment in the processing of their complaint. 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.
Bristol 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 Bristol, Rhode Island Pension and Benefits Attorney Help?
In Bristol, Rhode Island, lawyers can help those employers who need guidance in creating pension plans that comply with employment laws. Attorneys may also assist employees when it comes to obtaining the benefits described in a particular plan.