Issues with benefit plans and pension payments arise both when hiring an employee and when they leave the job. Texas'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.
Breckenridge 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 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 Texas law?
Texas 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. Some laws also permit employees who lose their jobs to continue receiving the health coverage they had with their previous employer while they seek new employment.
Regarding pension programs, Breckenridge employers owe their workers particular legal duties. First, the law requires the employer to deliver any benefits that were guaranteed within the pension program. Additionally, it is the employer who must bear the risk of any investments that are made on behalf of an employee under a matched contribution plan.
How can a Breckenridge, Texas Pension and Benefits Attorney Help?
Lawyers in Breckenridge, Texas can assist an employer in drafting a pension plan that is in compliance with the respective law. An attorney can also assist employees in negotiating unforeseen difficulties arising out of a benefits plan.