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 Belton 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 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. 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 Belton 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 Belton, South Carolina Pension and Benefits Attorney Help?
Belton, South Carolina attorneys may help employers in implementing pension plans that comply with the applicable laws. They may also help workers who are having difficulties in obtaining the benefits of a given plan.