Benefits and pensions for employees frequently come into play during the hiring process as well as when the employee leaves the organization for whatever reason. The laws of the state of West Virginia regulate how employers can distribute health and retirement plans; beneficiaries and recipients of such plans can file their claims under such laws.
Princeton 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. Sometimes benefits are paid directly by the employer, while other instances of benefits require voluntary contributions from the worker. Also note that there can be a standard minimum amount of time spent working for the employer in order for the employee to receive benefits.
What Employee Benefits are Protected by West Virginia law?
Employers owe particular legal duties to the employees in providing them with medical plans. Under West 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. For employees who lose their jobs, there are some laws that allow them to continue the health care plan they had with their prior employer while they actively look for a new job.
Employers in Princeton also owe legal duties to employees who receive pension plans. First, the employer is required by law to provide the benefits that were guaranteed in the payment plan. Additionally, under a matched contribution plan, the employer must bear the risk of any investments that are made on behalf of employees.
How can a Princeton, West Virginia Pension and Benefits Attorney Help?
In Princeton, West Virginia, lawyers can help those employers who need help in creating pension plans that comply with employment laws. Attorneys may also help employees when it comes to obtaining the benefits described in a particular plan.