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 South Carolina 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 Aiken must deliver any benefits to the employee that were included in a contract when the employee started work. Second, 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 South Carolina law?
Employers owe certain legal duties to the employees in providing them with medical plans. Under South Carolina 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.
Employers in the city of Aiken also owe their employees legal duties with regard to pension plans. First, the law requires that they provide any benefits that were promised to their employee in any given benefit agreement. Secondly, 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 Aiken, South Carolina Pension and Benefits Attorney Help?
In Aiken, South Carolina, lawyers can help those employers who need assistance 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.