Issues with benefit plans and pension payments arise both when hiring an employee and when they leave the job. The state of Virginia has laws regulating the way that employers are allowed to administer health benefits and pension plans. Recipients and beneficiaries of these packages can file their claims under the state laws.
Furthermore, employers in Radford must deliver any benefits to the employee that were included in a contract when the employee started work. 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 Virginia law?
Employers owe specific legal duties to the employees in providing them with medical plans. Under Virginia law, employers must disclose health plan information, and the employee is entitled to fair treatment in the processing of any claims under the medical plan. There are also some laws that give employees the right to continue on their health care plan from the prior employee during periods in which they are actively pursuing new employment.
Radford 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. Moreover, 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 Radford, Virginia Pension and Benefits Attorney Help?
Attorneys in Radford, Virginia 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.