Issues with benefit plans and pension payments arise both when hiring an employee and when they leave the job. Tennessee's laws specifically govern the way in which employers implement health plans and retirement pension payments. Recipients of such benefit plans can file claims using these laws.
Lafayette employers also owe legal duties to those given pension programs. First, they are legally required to provide the benefits that were promised under a set benefit plan. The employer often pays for some of the benefit plans, but other plans require further voluntary contributions from the employee. Moreover, employees are sometimes required to work for a minimum amount of time before becoming eligible for certain benefits.
What Employee Benefits are Protected by Tennessee law?
Tennessee laws require that employers providing medical plans for their workers perform certain legal duties. The employer must inform the employee about their health plans, and the employee is entitled to fair treatment in the review process of their claim. There are also laws that allow employees who lose their jobs to continue the health coverage they had with their employer while they search for new work.
Employers in the city of Lafayette also owe their employees legal duties with regard to pension plans. First, the law requires that they provide any benefits that were guaranteed to their employee in any given benefit agreement. Additionally, any risks involving investments made on behalf of an employee according to matched contribution plans must be borne by the employer.
How can a Lafayette, Tennessee Pension and Benefits Attorney Help?
Lafayette, Tennessee lawyers can help an employer in creating a pension plan that complies with applicable laws. Attorneys also often assist employees when difficulties arise with obtaining the benefits under a plan.