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 Rhode Island regulate how employers can distribute health and retirement plans; beneficiaries and recipients of such plans can file their claims under such laws.
Furthermore, employers in Coventry must deliver any benefits to the employee that were included in a contract when the employee started work. Additionally, 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 particular legal duties according to the laws of Rhode Island. They are required to disclose all 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 lose their jobs, there are some laws that allow them to continue the health care plan they had with their prior employer while they actively look for a new job.
Employers in Coventry also owe legal duties to employees who receive pension plans. First, the employer is required by law to provide the benefits that were guaranteed in the payment plan. Additionally, any risks involving investments made on behalf of an employee according to matched contribution plans must be borne by the employer.
How can a Coventry, Rhode Island Pension and Benefits Attorney Help?
Coventry, Rhode Island lawyers can help an employer in creating a pension plan that complies with applicable laws. Attorneys also often assist employees when difficulties arise with obtaining the benefits under a plan.