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 Cumberland 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.
Employers in Cumberland also owe legal duties to employees who receive pension plans. First, the employer is bound by law to provide the benefits that were guaranteed in the payment plan. 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 Cumberland, Rhode Island Pension and Benefits Attorney Help?
Attorneys in Cumberland, Rhode Island will help employers who wish to create pension plans that are in compliance with the law. A lawyer also helps employees who encounter difficulties in obtaining benefits under a pension or other type of plan.