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 Providence County 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 owe specific legal duties to the employees in providing them with medical plans. Under Rhode Island law, employers must disclose health plan information, and the employee is entitled to equal treatment in the processing of any claims under the medical plan. Some laws also permit employees who lost their jobs to continue receiving the health coverage they had with their prior employer while they seek new employment.
Providence County 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, 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 Providence County, Rhode Island Pension and Benefits Attorney Help?
Lawyers in Providence County, Rhode Island 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.