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.
Also, if a Cedar Park employer guaranteed any benefits to the employer in a contract when work began, they must make good on these. Also, employers bear the risk of any investments that are made on behalf of an employee according to a matched contribution plan.
What Employee Benefits are Protected by Texas law?
Texas 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. 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, Cedar Park employers owe their workers certain legal duties. First, the law requires the employer to deliver any benefits that were guaranteed within the pension program. Also, 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 Cedar Park, Texas Pension and Benefits Attorney Help?
Attorneys in Cedar Park, Texas will assist employers who wish to create pension plans that are in compliance with the law. A lawyer also helps employees who encounter difficulties in obtaining benefits under a pension or other type of plan.