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.
Memphis 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. Furthermore, 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 particular 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. Furthermore, some laws let employees who are out of work receive health care from a prior employer's plan while they are looking for a new job.
Employers in the city of Memphis 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. Also, 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 Memphis, Tennessee Pension and Benefits Attorney Help?
Memphis, Tennessee 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.