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 Florence must deliver any benefits to the employee that were included in a contract when the employee started work. Sometimes benefits are paid directly by the employer, while other instances of benefits require voluntary contributions from the worker. Also note that there can be a required minimum amount of time spent working for the employer in order for the employee to receive benefits.
What Employee Benefits are Protected by South Carolina law?
Those employers who provide medical plans for employees owe specific legal duties under South Carolina law to those they cover. They must disclose important information about the health plans, and employees are entitled to a fair process in the treatment of their claims under the plan. Additionally, some laws let employees who are out of work receive health care from a previous employer's plan while they are looking for a new job.
Employers in the city of Florence 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. Second, the employer must bear the risk on any investments which are made on behalf of a worker according to terms in a matched contribution arrangement.
How can a Florence, South Carolina Pension and Benefits Attorney Help?
Florence, South Carolina lawyers can assist an employer in creating a pension plan that complies with applicable laws. Attorneys also often help employees when difficulties arise with obtaining the benefits under a plan.