Issues with benefit plans and pension payments arise both when hiring an employee and when they leave the job. The laws of the state of South Carolina regulate how employers can distribute health and retirement plans; beneficiaries and recipients of such plans can file their claims under such laws.
Furthermore, employers in North Myrtle Beach must deliver any benefits to the employee that were included in a contract when the employee started work. The employer sometimes pays for benefit plans, but at times the employee must make a voluntary contribution. Furthermore, some employees establish a requirement that employees work with them for a certain period of time before they are eligible for benefits.
What Employee Benefits are Protected by South Carolina law?
Those employers who provide medical plans for employees owe particular 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. For employees who lose their jobs, there are some laws that allow them to continue the health care plan they had with their prior employer while they actively look for a new job.
Employers in North Myrtle Beach also owe legal duties to employees who receive pension plans. First, the employer is required by law to provide the benefits that were guaranteed in the payment plan. Additionally, under a matched contribution plan, the employer must bear the risk of any investments that are made on behalf of employees.
How can a North Myrtle Beach, South Carolina Pension and Benefits Attorney Help?
North Myrtle Beach, South Carolina attorneys may assist employers in implementing pension plans that comply with the applicable laws. They may also assist workers who are encountering difficulties in obtaining the benefits of a given plan.